General News

The development of the WIG (wing in ground-effect) craft, which the government hoped to use as a next-generation marine transport, has stalled since the government has failed to find a private-sector partner.…

The New York-based Ship Finance International Ltd., which operates a fleet of oil tankers and other ships, has signed contracts to buy five new container ships for a combined value of $190…

Nippon Steel Corp. and Nippon Yusen Co., Ltd. co-developed corrosive-resistant thick steel plate (NSGP-1) to use for the bottoms of cargo tanks in crude oil tankers. Nippon Yusen will proactively adopt this…

South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such…

V.T. Halter has laid the keels for two National Oceanic & Atmospheric Administration (NOAA) ships at its shipyard in Moss Point, Mississippi. These two high-tech newbuildings will replace ships that are over…

ONGC in India has contracted with Seattle-based Elliott Bay Design Group (EBDG) to provide consultancy for the design, construction and delivery of a 110m x 19m x 9.25m well stimulation vessel. The…

The Belgian shipping group CMB said its unit Bocimar International has ordered, in a joint venture with Wah Kwong, two newbuilding Handymax vessels from Chengxi Shipyard, China. Delivery of the vessels is…

The fleet management program ?GL ShipManager? has its first international clients. Finnish shipping company Oy Langh Ship and Danish company Transmarine Management have entrusted Ms Logistik Systeme, a Germanischer Lloyd Group company,…

The Canadian federal government is keeping afloat a subsidy program for buyers of Canadian-built ships. Foreign Affairs Minister Peter MacKay and Industry Minister Maxime Bernier said Thursday that Ottawa will renew and…

Groundbreaking for the soon-to-be world's second-largest shipyard, to be constructed in the Yumurtalık Free Trade Zone in Adana, will take place in July this year. Bülent Uzunsa?, board chairman of Hay Shipbuilding…