General News

Maersk Line reports that parent A.P. Moller--Maersk has signed an agreement with Daewoo Shipbuilding and Marine Engineering in Korea for the delivery of 16 container vessels in 2010-12. The announcement comes 10…

Wärtsilä has acquired the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition…

Tsuji Heavy Industries plans to spend about 50 billion yen ($472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm?s second shipbuilding facility since it entered this…

The European Commission has ordered Hellenic Shipyards to pay a ?230 million ($363 million) subsidy back to the Greek government with interest, saying the money gave the company an unfair commercial advantage…

The China State Shipbuilding Corporation (CSSC) plans to turn its subsidiary, the Jiangnan Heavy Industry (JHIC), into the biggest specialized marine equipment and ship fitting supply base in China in the next…

China State Shipbuilding Corp (CSSC) is putting its entire 100% stake in Guangzhou Wenchong Shipyard Co Ltd up for sale, with expected price set at RMB 3.041 billion ($443 million). Industry analysts…

Martin Lorenz, tanker division chartering manager for Torm, said long range tankers had been slowed from 16.5 knots to 14.5 knots which has reduced fuel consumption from 55 tonnes to 40 tonnes…

Samsung has won a 1.58 trillion won ($1.5 billion) order from Kuwait's United Arab Shipping Co. (UASC) for nine large container vessels, the biggest order for both companies. The first of the…

Rickmers-Linie, the Hamburg-based specialist in the global transportation of breakbulk, heavylift and project cargo, has increased from ten to 14 the number of multi-purpose heavylift newbuildings for its expanding liner service network.…

Italy's minister for economic development Claudio Scajola aims to list state-owned shipyard Fincantieri SpA "if possible by the fall", according to a report in Sunday's La Stampa that quoted the minister. The…