General News

The credit crunch has taken its first Japanese shipyard to the wall with Tsuji Heavy Industries filing for bankruptcy. Tsuji and four of its group companies filed debts of $834m with the…

India?s largest private sector ship builder ABG Shipyard is running the risk of cancellation of orders for three seismic surveyor vessels worth Rs 1,000 crore ($213m) by the prospective Norwegian buyer due…

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.…

Japan?s NYK Line plans to cuts back on spending for new ships by about 15% for three years in response to the sharply deteriorating global shipping market. The largest Japanese shipping firm…

China has witnessed a decline of 44% in new shipping orders on a yearly basis during the January-November period, compared with a fall of 37% worldwide, and analysts predict a continuation in…

Germanischer Lloyd (GL) has developed a guide outlining major methods and procedures involved in ship lay-ups. The guide gives technical assistance to shipowners focussing on the maintenance of class, ship's safety as…

Norwegian Cruise Line (NCL) and STX France Cruise SA, STX Europe's French shipyard, have reached an agreement and are moving forward with the construction of a new third generation Freestyle Cruising project…

With the entry into service of the 3,950-passenger MSC Fantasia, MSC Cruises has raised the Quality, Health, Safety and Environment (QHSE) bar for all cruise operators. MSC has entrusted Bureau Veritas with…

Keppel Verolme BV, a wholly owned subsidiary of Keppel Offshore and Marine Limited, has decided, after evaluating all possible options, to terminate the MPU Heavy Lifter project and commence the scrapping process…

The recent inauguration in Rijeka, Croatia, of ABB Turbocharging?s 100th service station has set a new milestone for ABB?s Turbocharging global service network. Besides serving the local maritime community in Croatia the…