General News

Petroleo Brasileiro SA, Brazil's state-controlled oil company, may purchase tankers from Brazilian shipyards to export ethanol as the company moves to quadruple foreign sales of the biofuel. The ships would expand a…

Seaspan Corporation has signed contracts to build four 4,250 TEU container ships at Jiangsu New Yangzi Shipbuilding in China. These new orders are in addition to the ten 2,500 TEU vessels Seaspan…

The Canadian federal government has announced it will spend $284.5 million to purchase six new vessels for the Canadian Coast Guard.The vessels, which will be phased into the existing coast guard fleet…

Hyundai Heavy Industries and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said. Executives at Varun Shipping…

Danaos Corporation has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction. These containerships are expected to be delivered to Danaos from November 2009 through June 2010.…

Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD…

The race for the Rs 2,000-crore ship building yard project at Kandla, India, is hotting up with as many as 14 leading infrastructure companies in contention. These include large Indian companies such…

Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts $866 million for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers…

Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) in Korea for four 43,000 DWT parcel tankers. The aggregate price for the…

The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate of 30%. In a recent report, a consultancy firm has said…