General News

Philippine cabinet members are confident that South Korea's Hanjin Heavy Industries and Construction Co will continue a $2bn shipyard project in Mindanao. The Korean firm started site development last year but pulled…

The naming ceremony was held for the two largest car carriers built in China to date. The pair, ordered by Norway?s car carrier specialist Dyvi and built at Samjin Shipbuilding Industry (SSI)…

China Shipping Development and Sinotrans Shipping could be encouraged by Beijing to take on some of the vessels cancelled by foreign owners to support Chinese shipyards. Macquarie Research analyst Jon Windham estimated…

Last month, Weichai Power, a diesel engine company, said it would spend about $3.8 million to acquire the products, technology and brand of France?s Moteurs Baudouin, which designs and manufactures marine propulsion…

German shipbuilders face order cancellations worth as much as 936 million Euros ($1.2 billion) this year as the industry reels from overcapacity, the Economy Ministry said. Shipyards in ports from Emden in…

Japanese export ship orders tumbled on a year-on-year basis for the fifth consecutive month in February as demand for new vessels flagged amid the deepening global economic slump. Japan received orders for…

Creditors of C&Heavy Industries Co in South Korea announced that they have terminated the troubled shipbuilder?s debt workout program. The move came after a Malaysian fund that showed interest in taking over…

Cunard Line revealed the first details of its 90,400gt newbuild Queen Elizabeth from Fincantieri?s Monfalcone yard, due to enter service in October 2010. The vessel will be the second largest Cunarder built…

Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk carrier which will be exported to Greece this month. It is the largest ship built in…

Hyundai Heavy Industries aims to win $21.1 billion worth of orders this year, down 33% from last year's figure. Last year, the shipbuilder clinched orders valued at a record $28.2 billion, up…