General News

A fleet of new ships built for British Gas and other companies to meet Britain's growing energy needs by bringing in LNG from abroad has been hit by leaks and safety scares.…

Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will…

Korean shipbuilders will maintain their lead in terms of orders this year, outpacing Japanese rivals for the third year running. Market researcher Clarkson Research Studies said that Korea's total amount of ship…

Most vessels in Vietnam?s shipping fleet have been rated as weak and obsolete in terms of both transport capacity and technology, according to the Vietnam Shipowners Association and the Government Decree 14/CP…

The hulls for two Aker Kvaerner designed H6e semi-submersible drilling rigs, designed for deep sea drilling in harsh environment and arctic conditions, is to be built by Dubai Drydocks. The Contract includes…

Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it…

Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from…

South Korea's Daewoo Shipbuilding & Marine Engineering has canceled an order, received in October, for two semi-submersible drilling vessels worth $402 million. The order had been placed in October by Singapore's Frigstad…

Aker Yards has signed a contract in excess of $30 million to build an Anchor Handling Tug Supply Vessel (AHTS) for Finarge de Navega??o do Brasil, a company of the Rimorchiatori Riuniti…

At its December meeting the California State Lands Commission (SLC) is expected to approve the report to the Legislature titled "Recommendations for Performance Standards for the Discharge of Ballast Water into the…