General News

The governments of Japan, Korea and China are set to come to the rescue of many big, well established yards once again during the downturn, and this time not through subsidies, but…

Poland has sold one of three historic shipyards which were the focus of a subsidy battle with the EU. Treasury minister Aleksander Grad said the yard at Gdynia on Poland's northern Baltic…

China's shipbuilders have a price advantage at present compared with rivals in Korea and Japan, since heavy steel plates in China are 18% cheaper than those in Japan and 19% cheaper than…

The credit crisis together with US efforts to tighten sanctions is hampering efforts by National Iranian Tanker Co (NITC) to order 12 VLCCs which the company want for delivery in 2012. A…

Wilhelmsen Ships Service (WSS) says its liferaft service station in Germany has been fully operational since 1 April. It is conveniently situated between the ports of Hamburg and Bremerhaven at the WSS…

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…

It would take three to four years for commercial ship newbuilding orders to pick up again, according to a securities house's forecast. Daishin Securities said newbuilding recovery would need two additional years…

According to a number of shipbuilding and market sources, BHP Billiton appears to have sounded out a Capesize bulker order with shipyards in Japan, South Korea and China. It is believed that…

K Line president and chief executive Hiroyuki Maekawa said that the company had delayed close to 10% of the 155 ships it has on order. The delays are focused on the containership…

Recently, AHO Group, a South Korean shipbuilding consulting firm has signed a contract to rebuild and expand Astinave Shipyard in Venezuela with PDVSA Naval for some $600m. Sungdong Shipbuilding also from South…