General News

Classification society ABS says it is seeing a resurgence of interest in floating solutions for the transportation of natural gas aimed at capturing ?stranded? gas reserves around the world. Although natural gas…

Hanjin Heavy Industries and Construction has completed the first phase of its shipyard construction project in Subic, the Philippines. The Korean company began the project on a 2.3 million sq.m site in…

Shipbuilding and ship repair firm Cosco Corp (Singapore) will consider establishing bases in Vietnam and other Asian countries since China could become less attractive as environmental regulations tighten and labour costs rise.…

Hyundai Mipo Dockyard is considering setting up a manufacturing facility in Vietnam as surging orders spur the company to seek sites beyond Korea's shores. "We are reviewing plans to probably make part…

India?s biggest private sector shipbuilder ABG Shipyard Ltd plans to invest Rs1,300-1,400 crore to expand capacity to meet the rising global demand for building large cargo carrying ships. After the expansion, the…

The Tognum company MTU Friedrichshafen and the China North IndustriesGroup Corporation (Norinco) reached agreement on a joint venture. At a press conference in Shanghai, the two companies presented their plans to jointly…

Lafayette, La.-based Aries Marine Corp. signed a letter of intent with Eastern Shipbuilding Group for the construction of two ?TIGER? shark class platform supply vessels (PSVs). These will be built to the…

SembCorp Marine?s wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL), has entered into an agreement to acquire a 70% equity stake in Shanghai Jurong Marine Engineering & Technology Co. Ltd (JSMET). JSMET offers…

Hyundai Heavy Industries in Korea has secured a contract valued at 679.8 billion won ($736 million) to build nine container ships for an unidentified client in Singapore. The vessels will be delivered…