General News

Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed…

ABG Shipyard in India is planning to enter the ship repairing business by acquiring the ailing Western India Shipyard in Goa and turning it into a ship repairing yard. "There are no…

The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value of the agreement is close to EUR 6 million,…

China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from…

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard,…

Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported…

The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding…

Chinese shipbuilder Jiangnan Shipyard Group, recently delivered a 16,600 dwt chemical tanker, the Sten Arnold, completed at its Shanghai Changxing Shipbuilding facility, to its Norwegian owner, Rederiet Stenersen. The Bergen-based shipowner ordered…

The government of Pakistan is seeking advisory services from internationally qualified firms led by a reputable international financial institution/investment bank for development of shipyards at Port Qasim, Karachi and Gwadar Port. Officials…

The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years. The cost of the project, which is to…