General News

It appears there is now no way back for cash strapped C&Heavy Industries, a medium sized Korean shipyard and important part of shipping conglomerate C&Group. The Mokpo-based yard had all credit cancelled…

The 6.3 trillion won deal to sell a controlling stake in Daewoo Shipbuilding & Marine Engineering to Hanwha Group collapsed yesterday on differences over payment terms. Korea Development Bank decided to scrap…

Shipbuilding has been identified as one of ten mainstay industries that the Chinese State Council will pump urgent cash into in order to stave off disaster, local media has reported. China has…

The Quebec-based shipbuilder Davie Yards Inc has been advised by its largest client, Cecon ASA (Cecon), that it has received a notice of cancellation of its $200 million senior secured credit facility…

State-run Shipping Corp of India (SCI) has put orders for new vessels on hold till March although its long-term plan to buy 40 vessels by the end of 2011 is still on…

Malaysia's largest shipping company, MISC Bhd, has halved its orders of chemical tankers to be built by South Korea?s SLS Shipbuilding from eight to four vessels. MISC said the revision was mutually…

Japan received orders for export ships totalling 274,970 cgt in December, down 91.1% from the same month a year ago according to figures released by the Japan Ship Exporters? Association. It is…

Named Petrorig I, the first unit of a series of four Larsen Oil & Gas ultra-deepwater semi-submersible drilling rigs on order with Sembcorp Marine?s subsidiary Jurong Shipyard in Singapore, has completed its…

Coastal Bulk Shipping, based in Rochester, UK, has ceased trading at the end of December 2008. The company operated a fleet of 13 vessels (between 1,200 dwt and 2,250 dwt) and employed…

The latest research developments covering aspects of ship powering prediction and the performance of ?unconventional propulsors? are highlighted in Marine Powering Prediction And Propulsors, now available from the Society of Naval Architects…