General News

The second ethylene tanker out of a series of four was delivered by Meyer Werft to the Norwegian shipping company Solvang ASA (Stavanger). This ship is the 50th gas tanker the shipyard…

One of the world's largest container shipping lines says bunker costs now account for over 50% of its vessels' operating expenditure. A senior official of the French container transport and shipping company…

The Dutch shipping company Vroon BV has ordered four 92,500 DWT bulk carriers at Cosco's Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and…

Having recently learned that their new aircraft carrier, INS Vikramaditya (ex- Admiral Gorshkov), would be completed two years later than contracted and at twice the cost at the Russian shipyard, Sevmashpredpriyatiye in…

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…

Spanish shipbuilder Navantia hopes that its business dealings with Malaysia will not end with building the aft sections of the Royal Malaysian Navy's two Scorpene submarines. Clinching the deal to build the…

Shepherd Offshore, based at the Offshore Technology Park in Walker, Tyneside, UK, has snapped up the neighbouring former NIM Engineering site, with plans to spend ?£2m on redeveloping it. The investment will…

The Shipping Corporation of India (SCI)is to acquire six 57,000 DWT handymax bulk carriers at total investment of $269.40 million (Rs 1,077.60 crore). The acquisition of these newbuildings would augment the Indian…

Rolls-Royce has signed its largest contract with Chinese shipbuilder Sinopacific, to provide steering gear and deck machinery worth $42 million. Bjorn Johnsen, Rolls-Royce Vice President Sales and Marketing (Greater China) - Marine…

The last significant gap in the international regime for compensating victims of oil spills from ships is set to be closed, with the entry into force on 21 November 2008 of an…