General News

United Industrial Corporation (OPK) in Russia and Samsung Heavy Industries Co., Ltd. (SHI) in Korea have signed a memorandum for mutual business cooperation during a recent visit to the St. Petersburg shipyards…

GENOA-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its…

The IMO's Maritime Safety Committee (MSC) agreed on revised guidance on combating piracy and armed robbery against ships when it met at the organisation?s headquarters in London for its 86th season from…

The Japanese companies of NYK and Kawasaki have signed an agreement to jointly lease deep-sea drillships in Brazil. The two companies, along with Mitsui, have placed a major order with a South…

The European Commission struck a deal with Croatia on the restructuring of its ailing shipyards, a reform sought by the EU as part of membership talks with Zagreb, a spokesman said. "There…

Transport and shipping bank DVB has said that the short term future of the cruise ship sector would lie in the upgrade of existing vessels and the renegotiation of newbuild orders. Given…

Japan's Hokodate Shipyard, part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will…

Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010 as opposed…

China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be…