General News

China's Zhoushan Jinhaiwan Shipyard has received an additional 30 bulker orders from Grand China Logistics, which had become a new stakeholder of the shipbuilding company. According to sources, ship types are said…

Reports from the Far East name the yards that are said to be competing for the valuable LNG carrier tender for as many as 16-20 new vessels for the Shtokman LNG project.…

Kobe Steel in Japan is to cut production of crankshafts by about 10% as a result of newbuilding delivery delays and shipyard cancellations. Crankshafts produced at Kobelco's Takasago plant near Kobe are…

China Ocean Shipping Group Company (Cosco) has cancelled bulker newbuildings ordered at its own shipyards in China. Two subsidiaries of Cosco, Qingdao Ocean Shipping and Cosco Hong Kong Shipping, have axed eight…

To develop further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, France, on 9 July. Dr. Timmermann, Member of the Executive Board of MAN…

Medium-sized South Korean yard Kwang Sung is the latest yard to opt for a bank-led workout procedure. Kwang Sung is a midsize shipyard located in Mokpo city. It constructs newbuildings at two…

DNV Korea & Japan has taken the first initiative to introduce its CNG technology to major shipbuilders. This makes DNV the first mover among the classification societies in introducing this new technology.…

The OECD Council Working Party on Shipbuilding (WP6) says the economic downturn has hit shipbuilding hard where new orders have contracted by up to 90% and cancellations have increased. This situation is…

Wilhelmsen Ships Service has announced that their Liferaft and Marin-Ark service station in Miami, Florida is now fully operational. It is a stand-alone station conveniently situated between the port of Miami and…