General News

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…

China will implement its first ever market access regulations for shipbuilding manufacturers from 1 October in order to prevent production of low-quality vessels. Jin Zhuanglong, vice minister of the Commission of Science,…

Mumbai-based engineering and construction company Larsen & Toubro (L&T) will set up a major state-of-the-art shipbuilding yard at a cost of Rs1,500 crore. The company has identified three locations ? Chennai in…

Sources in Norway suggest that Havila AS is in the process of acquiring 51% of Kleven Maritime. "Kleven's shareholders have accepted Havila's offer, and Havila wants to merge Kleven with Havila's existing…

EUKOR Car Carriers has placed an order with Korea shipbuilder Hyundai Heavy Industries (HHI) for four large Pure Car and Truck Carriers (PCTCs). The vessels will be built at the HHI Shipyard…

Shipbuilding seems to be staging a comeback in India, especially large ships, with smaller shipyards taking the lead. India?s largest private sector yard, ABG Shipyard, announced an order for four bulk carriers…

Hyundai Heavy Industries? Shipbuilding Division has commenced construction of a 10,000TEU containership. The ship is one of the four ordered from the Chinese shipping company COSCO, and will be delivered in early…

Aker Yards and Tallink Grupp have signed a contract of a large cruise ferry. The vessel worth approx. 180 million Euros will be delivered in spring 2009 from the shipyard in Rauma.The…

Hyundai Samho Heavy Industries in South Korea has secured an order for three PCTCs from a ship owner in Latin America. Total contract price is $270 million and deliveries will be completed…