General News

Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year…

Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized…

A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry…

Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an…

Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in…

Libya's General National Maritime Transport Company has placed orders for six oil tankers valued at a total of $400 million. The contracts were signed with Samsung Heavy Industries in Korea for four…

Thousands of employees in Croatia's ailing shipyard industry protested yesterday against privatisation plans that are part of reforms required by the European Union. "We are sending a message that we do not…

China may lose as many as half of its shipbuilders next year as the global financial crisis forces companies to close down, Shanghai Securities News said, citing Ren Yuanlin, chairman of Yangzijiang…

Fuel testing agency Lintec Testing Services has warned that three fuel oil samples taken recently from vessels that have bunkered in Riga, Latvia, have shown the presence of Dicyclopentadiene (DCPD), a synthetic…

Six shipbuilders from South Korea, two from China and one from India are competing for a contract estimated at $540 million to build four 318,000 dwt VLCCs for the state-run Shipping Corp.…