General News

China's State Council has approved a stimulus package for the country's shipbuilding industry in a bid to help the emerging sector weather the global economic downturn. The government will encourage financial institutions…

According to the BarentsObserver, the Russian government believes its powerful shipbuilding industry should concentrate on the construction of civil vessels and the establishment several new federal shipyards. Icebreakers and specialized vessels, offshore…

Mitsubishi Corp., Japan?s largest trading house, and Brazil?s state-controlled Petroleo Brasileiro SA will build a $830 million vessel to drill in deep seas for crude oil and natural gas. The vessel would…

The maritime research project on the significance of risk-based design and approval has been concluded after four years of intensive study. The multinational research project SAFEDOR (Design, Operation and Regulation for Safety)…

With new orders for China's shipbuilding industry estimated to be halved in 2009, experts are calling for the Chinese government to quickly pass the shipbuilding industry stimulus plan. China Association of National…

Specialist shipbuilding facilities in Europe are facing heightened risks as bigger players threaten to dominate and overwhelm them. Niche market shipyards that build offshore vessels and dredgers could face more competition as…

South Korea, the world?s top shipbuilding nation, must find measures to keep leading the global shipbuilding industry in the next decade, including developing high-value vessels, a domestic institute said. In a report…

A flurry of scrapping deals recently has seen a variety of tonnage heading to breakers in Bangladesh, India, Pakistan and China. Although scrap prices are dramatically lower than the peaks of 2008,…

The total capacity of containerships on order worldwide has declined to 6.1 million TEU, comprising 1,147 vessels, as of 1 February, 2009, according to figures compiled by AXS-Alphaliner News. Claimed as being…

Daewoo Shipbuilding & Marine Engineering (DSME) has plans to cut costs by 624.5 billion won this year to prepare against the global economic crisis and the slump in the overall shipbuilding industry.…