General News

Indian shipbuilding companies APJ Bharti Shipyard and Essar have expressed interest in setting up two shipyards in West Bengal. Principal industry secretary Sabyasachi Sen told media that the representatives of the two…

Höegh LNG has entered into agreements with major contractors and formally started the engineering and design for its first LNG FPSO unit. "Our strategy is to develop Höegh LNG's business model from…

Samsung Heavy Industries has won a $1.2 billion contract to build two drillships for an unidentified company for delivery by March 2011.

The International Bunker Industry Association (IBIA) was told at its annual convention in Montreal that a new report estimates that it would cost $67billion over the next five years to implement a…

Plans by Korean shipbuilder STX to build its new shipyard in Dalian, northern China, is being challenged by the Chinese government's restraint on building large ships. STX began construction on the $1-billion…

The Greek shipping company Danaos has extended its shipbuilding contracts with China Shipbuilding Trading Company to include one more 8,530 TEU vessel, bringing the total number on order to five vessels. All…

Which rule affects my fleet? That is the central question for shipowners, managers and shipyards when it comes to international maritime regulations from IMO, ILO and IACS. The new "GL Rules Pilot"…

International classification society Bureau Veritas (BV) says that market demand will inevitably lead to the development of Compressed Natural Gas (CNG) carriers. Speaking at BV?s Gas Tanker Seminar, to be held in…

Daewoo Shipbuilding & Marine Engineering Co (DSME) received $740 million in orders to build a drill ship and an oil tanker. The vessels will be delivered by the end of 2010 to…

I.M. Skaugen ASA (IMSK) confirmed that a new 50/50 joint venture with GATX Corp. has been created. This new joint venture will assume the ownership of the first four 10,000 cbm sized…