General News

Korean shipbuilders will maintain their No. 1 position in the world until 2015 with a market share of over 40% in terms of completion volume, according to an announcement by Korea Shipbuilder?s…

Color Line AS and Aker Yards have signed a letter of intent (LOI) for the order of a second ship, a sister vessel to ?Color Fantasy?, the world's largest cruise ship with…

Lauritzen Kosan, the gas arm of Danish shipowner J. Lauritzen A/S, has signed a newbuilding contract for a series of four semi-pressurised gas carriers with ethylene capacity at INP Heavy Industries in…

Italian shipbuilder, Fincantieri, has delivered the 40,000 gt cruise ferry ?Sharden? to Tirrenia Navigazione. Built at Fincantieri?s shipyard in Castellammare di Stabia, this newbuilding completes the ferry company?s modernization programme. Measuring 214…

The decision on the winner of the Australian $6 billion contract for naval air warfare destroyers has been delayed by at least three weeks following demands made by the Defence Department for…

Hyundai Heavy Industries has won orders for container ships worth $1.1 billion from shipowners in Kuwait and Iran. United Arab Shipping Company in Kuwait ordered eight 6,800TEU vessels to be delivered by…

Navantia is the new name chosen for the former Spanish shipbuilder Izar and SEPI, the owners, will own the new company which will consist of the military naval yards of Cartegena, Fene,…

South Korea's three largest shipbuilders, Hyundai, Daewoo and Samsung, have clinched orders from a Qatari gas producer to build LNG carriers worth more than $10 billion. The three yards will be supplying…

Cido Shipping in Japan has ordered two more 2,824TEU container ships from Hyundai Mipo Dockyard at the total contract price of $102 million. Ship particulars are 222m length, 30m breadth and 16.8m…

Hanjin Heavy Industries aims to secure newbuilding contracts worth $2.7 billion and a turnover of $2.2 billion this year. The Busan-based shipbuilder targets operating profit of $70 million. The Korean shipbuilder said…