General News

Daewoo Shipbuilding & Marine Engineering (DSME) may report losses for the first quarter after steel costs rose dramatically. DSME is expected to report a net loss of $27 million, according to financial…

Dubai-based Gulf Energy Maritime (GEM) has taken delivery of the first of four 65,000DWT ddouble hull Panamax tankers it has on order from Korean shipbuilder, Hyundai Heavy Industries, three months ahead of…

Keppel Kazakhstan, a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract estimated at $150 million from Agip Kazakhstan North Caspian Operating Company (Agip…

Balenciaga shipyard in Zumaya, Spain, has launched the ?Grampian Commander?, the first of four vessels destined for the Scottish port of Aberdeen, where they are to be operated by North Star Shipping.…

The World Trade Organisation (WTO) largely rejected a South Korean challenge against European Union subsidies to shipbuilders, but also admonished the EU in a long-running dispute between the two sides. The WTO…

Experts in China have called on the government to support the expansion of a domestic tanker fleet to cater for burgeoning oil imports. As China becomes a large net oil importer, experts…

Hyundai Heavy Industries has secured three 82,000 cubic meters LPG carrier from CMM of Greece worth $280 million. The newbuildings will measure 225m long, 36.6m wide, 22m deep with service speed of…

Aker Ostsee in Germany, a subsidiary of Aker Yards, has been awarded a contract to build four container vessels for Reederei Gebr. Winter GmbH in Hamburg, Germany. The vessels are of the…

China Shipbuilding Trading and Wuhan Marine Machinery Plant signed a contract with Kawasaki Heavy Industries in Japan for a technology licence on steering gear. The three companies will enhance their future joint…

With the possibility of 5 super blocks to be constructed for the Royal Navy?s CVF future carrier programme, the A&P Dry Docks at Hebburn, Southampton and Birkenhead offer ideal facilities for a…