General News

Germany-based Peter Dohle group, one of the world's largest privately held shipowners, is the latest business group to be attracted to India's booming economy and its potential. The group owns about 100…

Scientists at the University of California-Santa Barbara have developed a new technology for cleaning oil spills on oceans, lakes and other waterways. They have constructed and successfully field tested an improved version…

Soaring repair bills and more frequent service interruptions can be expected with Marine Atlantic?s ageing fleet of ferries, the union representing navigators, engineers, electricians and radar technicians aboard the vessels warned. Owned…

Bureau Veritas (BV) has announced it intends to combine its strengths with those of Germanischer Lloyd (GL) and has made an offer to all GL?s shareholders to acquire their shares. Once completed,…

Daesun Shipbuilding has clinched four product/chemical tankers at the price of $102 million from a European-based shipowner. The four will be delivered by June 2010.

US oil major Chevon confirms that two Nigerian shipyards have completed key components of the of $1 billion FPSO vessel for the Agbami deep offshore oil field, which is on track to…

JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding…

China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire…

Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three…

Minaminippon Shipbuilding is planning to open by April 2008 a new shipyard able to build 100,000 DWT tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The company will…