General News

Germanischer Lloyd (GL) continues its growth strategy of previous years. The classification society presented its financial figures for 2007 and announced a turnover of 421.7 million Euros. This is a gain of…

Samsung Heavy Industries has won a $942 million deal to build a drill ship. The deal with Sweden-based Stena Line Co. calls on Samsung to deliver the vessel, used for deep-water oil…

Cosco Corp. Singapore Ltd. aims to draw one third of its business each from ship repairs and conversion, new shipbuilding and offshore marine engineering services. The three key businesses contribute S$653.1 million…

The Anglo-Norwegian reefer company Star Reefers Inc. has agreed with a Japanese owner to time-charter four more new reefer vessels each with a capacity of 615,000 cbft and almost 200 FEU containers…

Russia?s Sovkomflot OJSC is eyeing the possibility of ordering a series of gas carriers from Admiralty Shipyards in St. Petersburg. According to local sources, the scope of the order will depend on…

The Offshore Ship Designers group (OSD) has opened a design office in Shanghai, China. Initially staffed with six naval architects it will provide design resources to OSD's European partners and also provide…

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is…

Daewoo Shipbuilding & Marine Engineering (DSME) plans to spend 163.2bn won ($164m) to expand its facility for the production of vessel parts. The investment will be made by March 2010 at its…

China State Shipbuilding Co. (CSSC) said its first-quarter profit more than doubled after rising demand led to higher prices for vessels. The Shanghai-based company said that net income climbed to 984 million…

Austal has successfully launched its landmark 127 metre Littoral Combat Ship ?Independence? (LCS 2) in what proved a momentous occasion for the company as it celebrates its 20th year.Since its keel laying…