General News

Hyundai Heavy Industries (HHI) has won a 1.28-trillion won ($1.35 billion) deal tobuild eight very large container ships (VLCS) for a European shipping company. The vessels will all be delivered by April…

Indian engineering and maritime groups have lined up an estimated $4.5bn to invest in new shipyards, opening up a front in the nation?s competition with China to become a low-cost manufacturing centre.The…

The Royal Moroccan Navy has signed a contract with the Netherlands-based Schelde Naval Shipbuilding, part of the Damen Shipyards Group, for three Sigma-type missile corvettes. The customer has requested the overall contract…

State-run CSBC Corp, Taiwan, (CSBC) plans to sell a majority of its shares in line with its goal of completing its long-delayed privatization by the end of this year. The proposed share…

With almost all Asian shipyards focusing on increasing their output in order to meet their bulging order backlogs, this is hampering innovation in ship designing according to Arild Iversen, chief executive of…

Golden Ocean Group Limited (GOGL) has placed a newbuilding contract with the Chinese shipbuilder Zhoushan Jinhaiwan Shipyard (Jinhaiwan) for two 80,000 dwt Kamsarmax bulk carriers for delivery during 2011. The contract includes…

The Italian shipbuilder Fincantieri and the French owner Compagnie des Iles du Ponant, part of the CMA CGM Group, have signed a preliminary agreement to build two super luxury cruise ships. By…

The Qatar shipping company Nakilat has awarded a major contract to Hyundai Samho Heavy Industries Company Limited and Hyundai Corporation (acting collectively as the contractor) for ten jib cranes. The contract, which…

Dongkuk Steel Mill Co, which sells 30 % of steel used by South Korea's shipbuilders, raised the price of heavy plates by 13 % as yards face record orders for vessels. The…

The International Chamber of Shipping (ICS) has updated its Code of Practice on Shipping and the Environment. The expanded 4th edition is intended to provide a concise but comprehensive summary of the…