General News

Malta is to start the process to privatize the island nation's shipyards, amid plans for a reduction in the workforce, Maltese Prime Minister Lawrence Gonzi announced yesterday. Several companies, especially from northern…

The Danish based OW Bunker, one of the world?s largest providers of marine fuel oil, lubricants and ship services, announced the launch of five new state-of-the-art bunker fuel delivery vessels for its…

Ukrainian shipyard Zaliv plans to build ten 175,000 dwt bulk carrier for a Ukrainian company. The technical project of the ship designed by Chernomorsudoproject (Nikolaev) is at the final stage of approval…

The Newfoundland and Labrador government in Canada has awarded long-awaited contracts to replace two of the vessels in its aging domestic ferry fleet. The $50.5-million contract will be managed by Peter Kiewit…

Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70% of the shares in the…

Samsung Heavy Industries had agreed to buy a 10% stake in Brazil's Estaleiro Atlantico Sul shipyard for some $22 million. The purchase is expected to help Samsung Heavy win orders for drill…

The Norwegian shipyard Ulstein Verft AS wants to purchase the ?Nowa? Shipyard in Szczecin, northwest Poland and the company ETA Ascom Star from Dubai, owned by Star Holding, owner of a shipyard…

The first locally built, double-hull oil tanker made by a Filipino company was recently launched from the ship repair and shipbuilding firm Herma Shipyard, Inc (HSI) in Bataan. Named ?Matikas?, the newbuilding…

Speed limits in the world's shipping lanes will be proposed today by Ruth Kelly, the transport secretary, when she announces plans to regulate greenhouse gas emissions. Studies suggest that, although ships use…

Korean shipbuilder Daewoo has won a 697.3 billion won ($669.3 million) order to build a drill ship for an unidentified company in the Oceania region. Delivery is slated for December 2011.