General News

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…

Eagle Bulk Shipping in New York has signed contracts with IHI Marine United in Japan for the construction of two Future-56 class Supramax vessels. These 56,000 DWT vessels have a contract price…

Aker Yards has contracted with Stena Rederi in Gothenburg, Sweden, to deliver two innovative super ferries. The value of the contract is approximately $510 million. Deliveries are scheduled for the first and…

Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.

The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships…

The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month.…

Singapore-based CH Offshore Ltd, a subsidiary of Chuan Hup Holdings, has awarded a contract to Universal Shipbuilding Corporation (USC), in Japan, for the building of two anchor handling tug supply vessels (AHTS)…

A leading lubricant production center, the largest a Japanese firm has established in China, recently began operation in Guangzhou, south China. . The $17 million Nippon Oil (Guangzhou) Lubricating Oil Co. plant…