General News

Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which…

The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each…

Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be…

Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of…

Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in…

Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010,…

Daewoo Shipbuilding & Marine Engineering (DSME) may consider building a $150 million block plant in North Korea to help meet rising demand, the Yonhap new agency reported quoting the Daewoo's President, Sahng…

India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support…

A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial…

India's ABG Shipyard has received an order worth $360 million from a German company to build six 35,000 DWT handy size bulk carriers The order was placed by the Hamburg-based Bereederungsgesellschaft H…