General News

Japan's Mitsui Engineering & Shipbuilding (MES), in conjunction with Osaka University, will soon be undertaking research on a hybrid propulsion system which combines a battery unit with a diesel engine. The project…

South Korean builder 21st Century Shipbuilding has signed a letter of intent with an unnamed Asian oil exploration and development company to build four 20,000 dwt chemical tankers. The shipbuilder said that…

The Romanian president said that production at Daewoo Mangalia (DMHI) may have to stop if it does not receive a cash injection. DMHI is a joint venture shipyard between South Korea's Daewoo…

Hamburg-based Hellespont Tankers has taken delivery of the 'Hellespont Centurion', the first of a serious of eight 17,000 dwt IMO-2 chemical tankers. Hellespont Tankers will commercially manage the vessel, which has been…

Jiangsu Rongsheng Heavy Industries (JRHI), the Chinese private shipbuilder, plans to invest up to Yuan2.4bn ($352m) to build an offshore parts yard and ship design institute in Nantong. President of the yard,…

Hong Kong-based Cido Shipping is said to be looking at cancelling orders for PCTCs as it mulls options to make further cuts to its backlog of around 100 newbuildings. The shipowner reportedly…

The current status of new class rules and complementary solutions for safer operation of offshore service vessels (OSVs) were presented by Germanischer Lloyd's Helge Rathje at the 3rd International Conference on Technology…

Croatian millionaire Danko Koncar has reportedly confirmed he is interested in the privatization of all five state-owned shipyards. After much media speculation, Koncar confirmed his interest in an interview on Croatian National…

Brazilian shipowner Log-In Logistica has placed an order at compatriot shipbuilder Estaleiro Ilha (Eisa) for a pair of 80,000 dwt bulkers. The shipowner says it is investing $165m in the newbuildings which…

Jiangsu Yangzijiang Shipbuilding recently revealed in its financial statement for the first half of 2009 that it has agreed to postpone delivery dates for 18 newbuildings for maximum of two years, and…