General News

Ambitious plans by domestic firms to boost India?s shipbuilding capacity in the next two to three years by investing some Rs20,000 crore may have to be whittled on the back of the…

The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in…

Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The…

Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the…

Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is…

Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC…

STX Europe and the French government have agreed that the French state becomes a 33.34% shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. The combined ownership of STX and…

The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China…

Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation.…

The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said…