General News

South Korea?s Posco Group, the world?s third-largest steel manufacturer, will build a hot-rolled steel plant at a cost of $4.5 billion in central Vietnam?s Khanh Hoa province. The factory, to be erected…

State-owned Shipping Corporation of India (SCI) unveiled an ambitious plan to add 60 million tonnes of vessel capacity in the Eleventh Plan with an investment of $ 3 billion, to meet the…

Hyundai Heavy Industries plans to build its 10th dry dock in Korea to meet rising orders. The construction of the dry dock, 640 metres long and 92 metres wide, will be completed…

Samsung Heavy Industries, the world's second-largest shipbuilder, has won a 1.25 trillion won ($1.35 billion) deal from an Asian shipping company to build eight container ships for delivery by May 201. Last…

Italian shipbuilder Fincantieri has adopted and will standardize on MSC.Software?s new SimEnterprise technology across all company sites and their extended supply chain.With typical development cycles not exceeding 36 months and including a…

Vladivostok-based Far-Eastern Shipping Company (FESCO) has ordered a series of new bulk carriers to be built in China at the Quingshan Shipyard in Ukhan.The 57,000 DWT newbuildings will be 190 metres long…

A local industry report claims that India's Shipping Ministry is considering plans to ban ships over 25 years old from docking at the country's ports. Also being considered are ships flying flags…

Australia?s Federal Government will sign a contract with Spanish designer Navantia, Adelaide-based shipbuilder ASC and systems engineer Raytheon by mid-September, for the construction of three 6,000-tonne air warfare destroyers for the Royal…

ABG Shipyard in India has bid for two shipyards on the western coast, state-run Alcock Ashdown (Gujarat) Ltd. and Western India Shipyard Ltd.. In May, it bought unlisted Vipul Shipyard. Its competitor,…