General News

Two multi-year contracts, worth $760 million in total, to upgrade Canada?s 12 Halifax-class frigates are expected to be announced today at Victoria and Halifax shipyards.Victoria Shipyards, owned by Washington Marine Group, will…

Employees at Korea's top three shipbuilding companies receive an annual salary of almost 70 million won according to recent data. Annual salary for workers at Samsung Heavy Industries, Hyundai Heavy Industries and…

Min Keh-sik, vice chairman of Hyundai Heavy Industries, recently said that Russia plans to purchase an LNG ship built with Korean design technology. Although Korea dominates global LNG carrier orders, it has…

Norwegian gas shipper Golar LNG has won a contract worth about $450 million to provide a floating gas storage and regasification unit to Dubai on a 10-year charter. The contract with Dubai…

MSC Cruises has denied rumours that it is actively helping South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) break into the cruise ship construction business. This follows reports in the Italian…

China State Shipbuilding Corporation (CSSC) is looking for a site for its south China shipbuilding base, which could become China's largest shipyard when completed. A CSSC field study group has been scouting…

A few months ago VOSTA LMG was awarded a contract for the delivery of three hopper barges for dredging and marine contractor Van Oord in the Netherlands. During the execution of this…

The third in the series of the world?s largest cruise vessels for Royal Caribbean was delivered today at Aker Yards, Turku in Finland. The ?Independence of the Seas? has all of the…

GS Holdings Corp, the holding firm of South Korea's GS Group, an energy and construction-focused conglomerate, said it is studying a possible bid for Daewoo Shipbuilding and Marine Engineering. Another domestic business…

Singapore-based Jurong Shipyard, a subsidiary of Sembcorp Marine, signed a strategic alliance agreement with Rio de Janeiro-based Mac Laren Shipyard to operate a shipyard in Brazil.Under the agreement, which takes effect immediately…