General News

TT Club, the transport insurance mutual association, has expressed concern at an apparently widespread lack of awareness of changes in the legal status of the IMO?s International Maritime Dangerous Goods Code (IMDG…

Daewoo Shipbuilding and Marine Engineering (DSME) has reported a 75.5% fall in operating profits to 27 billion won in the third quarter of the year. DSME marked 1.14 trillion won in turnover…

A newly established joint venture among MOL, ITOCHU Corporation, Algerian state oil company Sonatrach and its wholly owned shipping company Hyproc Shipping Company has exercised its option to order a second LNG…

Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" LINE), and Primorsk Shipping Corporation (PRISCO) concluded a 20-year charter contract for a newly built LNG carrier with Sakhalin Energy Investment Company. Sakhalin Energy…

With the threat of ECDIS becoming a mandatory fit on SOLAS vessels and probably the next major purchase for shipowners retrofitting equipment on the bridge, Lilley & Gillie, the UK-based manufacturer of…

Africa Israel Investments is part of a bidding consortium that was selected to build and operate a shipyard in Namibia's Walvis Bay port. The $10 million project will be the holding company's…

Hyundai Heavy Industries and STX Shipbuilding reported third-quarter losses as surging steel prices increased production costs. Hyundai?s net loss was $30 million compared to a profit of $3.5 million a year earlier,…

An international research project, part funded by the EU's Fifth Framework Programme (FP5), has developed a computerised prediction system that can forewarn cruise ship pilots of the consequences of a particular manoeuvre…

The Spanish government has recently announced that Izar and Gas Natural had struck a deal to build an LNG carrier at La Naval shipyard in Sestao. If the project goes ahead, the…

After months of in-depth research, a team of independent consultants are allegedly to have concluded in a 46 page report that there is no future for commercial ship building at the Cammell…

Over 60 skilled staff at the Scotstoun and Govan yards could be axed before Christmas following a purge affecting engineering draughtsmen, combat systems engineers and programme planners. The move was condemned by…

SCHIFFKO GmbH, the Hamburg-based ship design and consultancy company, has been awarded the contract for comprehensive consultancy services to UASC, United Arab Shipping Company, for their procurement of 8 new jumbo-size container…

The Canadian government has awarded a $69.7 million contract to Victoria Shipyards Company, a West Coast shipbuilder, to build six vessels to be used for basic naval training and development of junior…

Turbomeca, part of snecma group, has developed the TM 1800, a gas turbine genset, which is designed for sea propulsion and electricity generation, railways applications, combined heat and power (CHP), emergency power…

STX Corporation, the Korean holding company for STX Shipbuilding and diesel engine manufacturer, said it bought 67% of Pan Ocean Shipping, one of the world's 10 largest bulk carrier shipping companies, for…

The big three Korean shipbuilders have secured a $3.5 billion order to build 8 LNG carriers which form part of the second phase (Qatar Liquefied Gas II) of a huge gas development…

Following earlier announcements, Aker Yards will combine its entities in Finland into one organization and, in order to cover the costs of this restructuring, a non-recurring provision in the level EUR 18-20…

The Shanghai-based Hudong-Zhonghua Shipbuilding (HZ) facility is the first Chinese yard to win a contract for post-Panamax container ships with a five-ship deal from China Shipping. China's largest domestic built container ships…

The newest and most significant vessel yet to arrive on the world fast ferry scene was christened ?Benchijigua Express? in a ceremony at Austal?s yard in Henderson, Western Australia.Powered by four diesel…

Hyundai Heavy Industries has won a $568 million order to build eight vessels for Nippon Yusen K.K., Japan's largest shipping company. The ships, each with capacity for 4,900 TEUs, will be delivered…

MacGREGOR continues to develop successful production partnerships in China, and its latest venture is a new hatch cover production plant in Nantong, in partnership with Rainbow Heavy Industry (RHI). The factory is…

Simrad autopilots have once again dominated the autopilot group of the NMEA (National Marine Electronics Association) awards by winning both autopilot categories. This is the 20th consecutive year that Simrad autopilots have…