General News

The Danish shipping company Clipper Group, which had a construction program of 60 new ships, says it will not have to take a large proportion of the ships which would have been…

Following the earlier announcements that Arrow Seismic Invest II Ltd, a subsidiary of Petroleum Geo-Services ASA (PGS), had terminated the shipbuilding contract with the Spanish shipbuilder Factorias Vulcano, the Norwegian offshore company…

Mitsui O.S.K. Lines (MOL), the world's largest operator of iron-ore vessels, halted new orders for the ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers and…

China's Guangzhou Shipyard International Co said it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis.…

Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first ever Panamax built by Korean shipbuilder Hyundai Mipo Dockyard (HMD. The 75,000 DWT…

Riga Shipyard in Latvia has launched its third vessel this year. The fishing trawler "Helena Matte" was commissioned by a Danish company, which will fit out the vessel with electric, communications and…

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300 million.…

Nakilat and Netherlands-based Damen Group have signed a memorandum of understanding for establishing a Qatari majority joint venture, which will build a shipyard for construction of luxury yachts and ships for commercial…

GAC, the Kuwait-based provider of shipping, logistics, marine and related services, has launched GAC Ship Lay-up Solutions (GLUS), a new service package tailor-made to help owners/operators avoid non-profitable journeys, and reduce wear…

South Korean builders have resumed their marketing activities for newbuildings, but Japanese yards are not dropping their wait-and-see stance. Shipyards in South Korea have been targeting order receipts in order to fill…