General News

Hanjin Heavy Industries in Korea has won an order for five 4,000TEU container ships from an unidentified European shipowner at a total cost of $365 million. All units will be delivered by…

Hyundai Heavy Industries (HHI) earned a $10 million bonus for sticking to "three strict conditions" laid down the US oil giant Exxon Mobil that had ordered an FPSO from the Korean shipbuilder.…

Jotun, the Norwegian paint manufacturer, has developed an epoxy primer designed for real life use on small maintenance areas. This unique primer, called Jotamastic Smart Pack, is designed specifically for use with…

The Singapore-based IMC Group has signed a joint venture deal with Zhejiang Yongyue Shipping from China during a recent meeting of the Singapore-Zhejiang Economic and Trade Council in Singapore. The 50/50 joint…

The Norwegian shipbuilder and ship repairer Bergen Yards is planning to move some of its production of special-purpose vessels to Bulyard Shipbuilding Industry (BSI), according to Bergen Yards? marketing director Magnus Stangeland.…

Sovcomflot, Russia's largest shipping company, is continuing its fleet re-equipment and modernization programme on the back of the high demand in the energy sector and the capabilities of the Russian shipbuilding industry.…

Daewoo Shipbuilding in South Korea has secured a contract for two 84,000 cbm LPG carriers from the Belgian shipowner Exmar for delivery during fourth quarter 2007 and first quarter 2008. No price…

Over 2.26 million dwt of vessels were repaired by the Arab Shipbuilding and Repair Yard (Asry) during the first three months of the year with all indications that the trend will continue,…

The Malaysian shipbuilder NGV Tech Sdn Bhd is finalising contracts worth $31.6 million to build two fast aluminium boats for an Indonesian client and three logistics (steel hull and aluminium superstructure) vessels…

Norwegian shipbuilding industry is recovering from last year's slump, but Norwegian workers who were laid off are not being re-hired. Instead, the yards are employing cheaper labour from Poland according to local…