General News

Wärtsilä has signed a contract to design and supervise the construction of a modern oceanographic research vessel for the marine wing of the Geological Survey of India (GSI). The order was received…

According to Arlie G. Sterling, president of shipping consulting firm Marsoft, "South Korea and China will determine the destiny of global shipping industry. Newbuildings to be delivered from the two countries and…

Lloyd?s Register?s Hellenic Advisory Committee (HAC) met recently to support and further develop safety and sustainability in the shipping industry. Chairman, Capt. Panagiotis Tsakos summed up the proceedings: "This has been another…

COSCO Shipyard Group of China recently completed the 'Adam Asnyk', its first 30,000 DWT heavy lift vessel, at COSCO Shipyard Dalian.The newbuilding, ordered by Chipolbrok, was originally due for completion in March…

The Russian shipping group Sovcomflot OJSC plans to order two Suezmax-type tankers at United Shipbuilding Corporation OJSC for TNK-BP petroleum products shipping. It is planned to build marine and river vessels for…

Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time. The bank has extended a $149m credit…

The optimum speed for container ships is much lower than the current 25 or 26 knots achieved by the big vessels according to Germanischer Lloyd's head Hermann Klein. Dr Klein suggests that,…

Samsung Heavy Industries' vice-president Park Jung-heum said at a recent strategy seminar, "We will secure a cruiseship newbuilding order within next three years and deliver it around 2015. We will make inroads…