General News

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

The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the…

Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea…

A Global Industry Alliance (GIA) has been launched to tackle the threats of marine bio-invasions caused by the transfer of alien plants and animals in ship ballast tanks. The Alliance, made up…

Justice and home affairs ministers last week rubberstamped six legislative proposals of the EU's third maritime safety package, which aims to reduce maritime accidents and pollution in Europe. The package, tabled by…

Orders of only nine ships were made in January worldwide, a meagre 6% of last year's 151 ships, according to the London-based shipbuilding industry research company Clarkson. Four went to Korea and…

The Canadian government's on-again, off-again plan to build new midshore patrol vessels for the coast guard appears to be on again. The federal government quietly scuttled a plan last summer to build…

China said its 8% growth target for this year is within reach even as the worst financial crisis since the Great Depression hammers economies worldwide. Liu Tienan, vice chairman of the National…

Swiss-based Allseas Group has awarded the complete detailed design of their Pieter Schelte project to the Finnish consulting and engineering company Deltamarin Ltd. The total volume of the contract is about 200…

Malta's government plan to recoup a reported ?49 million paid in early retirement schemes appears to have foundered, as bids for the Malta Shipyards have fallen short of this figure.Sources privy to…