General News

German shipbuilders are facing difficult years due to cancellations and a lack of orders, the country's shipbuilding association VSM warned yesterday at its annual meeting. "The majority of shipyards will not be…

Fredericia Shipyard in Denmark has entered into an agreement with compatriot Odense Steel Shipyard on renting the original dock facilities at Lind? and a number of buildings housing administration, workshops and changing…

It seems that following in the footsteps of their South Korean counterparts, Chinese shipyards have resumed marketing activities for newbuildings. Major yards in South Korea had, this spring, reactivated sales drives for…

Shipping lines will most likely be unable to raise rates above break-even levels in the next two or three years, analysts at the Credit Suisse Group have said. The Baltic Dry Index…

Chinese shipyards are charging penalties to international owners who wish to defer delivery of new ships and are filling the resulting spare capacity with cut-price domestic contracts. At this stage the strategy…

South Korea's big three shipbuilders, namely Hyundai, Samsung and Daewoo, are competing for the massive LNG-FPSO order to be placed by Royal Dutch Shell. The front-end engineering and design (FEED) contract for…

BG Group, a major British energy company, will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now…

Oshima Shipbuilding in Japan will launch a project to develop a sophisticated three-dimensional (3D) computer-aided "upstream" shipbuilding design system specifically geared for the primary process from basic planning to basic design following…

The Australian Government has dedicated A$120 million ($91.11 million) towards building a new marine science research vessel. The new 85-metre vessel will replace the almost 40 year old ?Southern Surveyor? and will…

Wallenius Marine AB has attained a Lloyd's Register (LR) approved Inventory of Hazardous Materials (IHM), also known as a Green Passport, for its car and pure truck carrier ?Tristan? demonstrating an ongoing…