General News

C& Heavy Industries, the shipbuilding arm of the struggling C& Group in Korea, is expected to ask Woori Bank and other creditors to place it under a workout program this week in…

Plans for 12 VLCC newbuildings by Singaporean oil trader Hin Leong Trading Pte. Ltd. and its tanker unit Ocean Tankers (Pte) Ltd. are going ahead despite a global economic slowdown. Hin Leong…

Brazil's national development bank BNDES approved a $122 million loan for Companhia Brasileira de Offshore (CBO) to construct four multipurpose platform supply vessels (MPSV-3000) to provide support to oil rigs. The vessels,…

PC Maritime, a UK developer and supplier of software, has launched a new engine room simulator that can run on a standard PC. The Unitest MED3D engine room simulator is claimed to…

Odense Steel Shipyard in Denmark named its latest newbuilding, a 7,000 TEU container ship, for the A.P. Moller - Maersk Group. Named MARIT M?RSK, she is the fifth ship in a series…

Aegean Marine Petroleum Network Inc. has taken delivery of the 'Patmos', a 6,280 dwt double-hull bunkering tanker newbuild, from Qingdao Hyundai Shipyard in China. The Patmos will be deployed in the company's…

The two platform supply vessels under construction at the Cochin Shipyard for Greek company Hellespont Steamship Corporation were named recently. The first was named 'Hellespont Daring' and the other 'Hellespont Dawn'. The…

Around 20% of orders for building new dry bulk shipping vessels may be cancelled in 2009 as the financial crisis is hitting the shipping industry hard, a shipping industry executive told Dow…

Samsung Heavy Industries has received a contract worth $1.44 billion to build two deep-water oil exploration drill ships. The deal with a European client calls for delivery by March 2012 and the…

Shipbuilding cancellations hit plate market According to a recent report from World Steel Dynamics, perhaps 300 contracts to build capsize and Panamax vessels may be cancelled and some new shipyards may close.…