General News

Daewoo Shipbuilding & Marine Engineering, in South Korea, is seeking to diversify its business portfolio for synergy and new growth, industry sources said today. Daewoo Shipbuilding is conducting due diligence on JR…

The European Commission has decided to allow an extension of the delivery date for two product/chemical tankers built at Estaleiros Navais de Viana do Castelo (ENVC), Portugal in derogation from the EC…

Zhoushan Wanbang Yongyue Shipyard in China will be operational soon following government approval for the building of the ship repair facility at a cost of $37.8 million. The shipyard has a 300,000DWT,…

The IMO stressed the need for closer cooperation to enhance security in the Malacca and Singapore Straits. Secretary General, Efthimios Mitropoulus, made the appeal while opening the two-day meeting on the Straits…

Northrop Grumman will resume building Navy ships at its Katrina damaged Gulf Coast yards as early as next week, according to company executives. Operations in Pascagoula, Gulfport and New Orleans represent about…

An unspecified Japanese shipowner has ordered three 10,000 cbm ethylene carriers from INP Heavy Industries in South Korea at a cost of $135 million. They will be built to ice class specification…

The Indian government has approved a 2.4 billion euro order for six French Scorpene submarines, in which Thales and partner DCN have a 1.2 billion euro share. The deal, already cleared by…

Qatar will have the world's largest fleet of LNG carriers within five years, according to Robert Curt, the managing director of Qatar Gas Transport Company (QGTC) which manages the marine interests of…

The Hamburg-based Nordcapital Group can look back on another positive year. With a total investment volume of ?636.2 million, 2004 sets a new company record for earnings. The main focus of investment…