General News

Havyard Solstrand shipyard in Norway has filed for bankruptcy after the banks removed their funding. The yard, which is owned 80% by the Havyard Group is fighting for its long term future…

South Korea's steelmaker POSCO may be able to join a fresh bidding for Daewoo Shipbuilding & Marine Engineering if a prime bidder is not chosen later this week, the chief of Korea…

Drydocks World, a unit of Dubai World, will develop a $300 million marine services centre on Indonesia's Batam Island as the company expands its ship repair and fabrication business in Southeast Asia.…

The South Korean yard of C& Heavy Industries (C&HI) was in dire trouble prior to the current global financial turmoil and is now struggling to offload assets to appease debtors. No one…

Ocean Wilsons Holdings Ltd. (OWH) reaffirms its growth strategy by investing in the construction of a new shipyard in Rio Grande. The company said Conselho de Autoridade Portuia (CAP), Rio Grande do…

GE Marine announced that its LM2500+ marine aero derivative gas turbines have been selected by Northrop Grumman Shipbuilding (NGSB), Pascagoula, Miss., to power the US Navy?s new LHA 6 amphibious assault ship.…

According to Bao Zhangjing, chief researcher from China Ship Marketing Research Centre, "Against the background of global economy recession, cancellation of new ships has already aroused serious attention from shipbuilding industry all…

A two-way competition is poised to heat up between Hyundai Heavy Industries and Hanwha Group for the acquisition of Daewoo Shipbuilding & Marine Engineering Co., with a final winner likely to be…

EU competition chief Neelie Kroes has rejected Polish restructuring proposals for the state-controlled yards of Gdynia and Szczecin and the privatised Gdansk yard, a move which would bankrupt them. Instead, Kroes is…

A "new look" Arab Shipbuilding and Repair Yard Company (Asry) is to undergo a $188 million expansion over the next 30 months. Asry chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa…