News

Poland said it had again failed to sell off two struggling shipyards, after receiving tenders for only a slice of what was on offer, three months after a deal with Qatari investors…

Despite the continuing global shipping recession, the Bahrain-based shiprepairer ASRY is pushing ahead with its $188m facilities expansion programme at pace, and has even added an extra 180m repair quay to its…

How can shipyards and suppliers address the challenges arising from the new International Convention for the Safe and Environmentally Sound Recycling of Ships ("Hong Kong Convention") after its development has been finalized…

China Petrochemical Corp (CPC), of Taiwan, has for the first time specified all-electric cargo pump room systems for two new 40,000 DWT product carriers. The complete pump room systems will be delivered…

Aker Solutions is today officially opening a new subsea facility at its yard in Egersund, west Norway. The new subsea hall will add another capacity to the yard and help further develop…

The shipping ministry in India is reportedly working on a proposal that encourages domestic shipowners to buy from or build ships at local yards according. The aim is to provide a boost…

DNV and Intertek announced that they are in discussions regarding a potential to unite their business assurance activities, thereby consolidating its position as a world leader in certification, inspection and testing. DNV?s…

France has become the first country to sign, subject to ratification, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009. The country?s ambassador to IMO signed…

The naming ceremony of Polarcus Nadia and Polarcus Naila for Dubai-based shipowner Polarcus took place at Drydocks World Dubai recently.In 2008, the offshore shipowner Polarcus ordered six seismic vessels of Ulstein SX124…

With the recent Dry Bulk Index managing to remain above 2009-high, some owners are looking to speed up deliveries of their newbuildings.Clarkson said that "we are now even starting to hear of…

Eight investors have entered eleven bids for the sale of assets of the Gdynia and Nowa Szczecin shipyards, said Roma Sarzy?ska, from the Poland?s Industrial Development Agency. The agency has chosen not…

DSEC Co., the shipbuilding engineering subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) in Korea, has received a $167 million order from a shipyard in the Middle East. The order calls for,…

The Singaporean Keppel Offshore & Marine Company has recently signed a memorandum of understanding in Baku, Azerbaijan, for the construction and operation of a new shipbuilding yard.The facility will be built near…

Bangladesh shipbuilders said a number of joint venture investments are likely to come from Denmark, Germany, France and few other countries that would help reduce the dependence on overseas firms ranging from…

Bourbon?s dry bulk subsidiary, Setaf Saget, is facing delivery delays for four Panamax bulk carriers from India?s Pipavav Shipyard. The vessels were ordered from Pipavav alongside a series of ten Supramaxes from…

Australian shipbuilder Austal, based in Western Australia, is close to completing a new $29.25 million luxury yacht. This is first yacht that Austal has built in four years, following a disastrous fall…

Genoa-based classification society RINA has teamed up with specialist certification services provider SPM Instrument SRL of Italy and the Italian Ship Research Centre CETENA to help cope with an increase in demand…

Wärtsilä is one of the leading companies driving a major Finnish national three-year combustion engine technology research programme. The initiative has been set up by a wide and cross-functional consortium of Finnish…

Bergen Group in Norway has signed a letter of intent with ?resundvarvet AB regarding divestment of the Swedish hull shipyard Landskronavarvet AB north of Malmo. The divestment will give Bergen Group a…

Keppel Philippines Marine Inc. said its facility in Cebu will remain closed indefinitely after business inquiries from both the local and international markets remain weak.Keppel said there is stiff competition in the…

The international association of tanker owners' (Intertanko) policy on Greenhouse Gas (GHG) emission reductions from ships, as approved by the Association?s Council, has been written into a comprehensive policy statement that will…