News

Caterpillar Marine Power Systems says that its Cat 3500 engine series has been recognized as a commercial marine industry leader since its initial manufacture in the 1970s. The latest step in the…

Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding & Marine Engineering Co. (DSME), is planning to resume the sale of the shipyard in 2010 after selecting an adviser for the…

Genoa-based classification society RINA has rationalised its organisational structure in order to improve efficiency. In future all RINA-branded operations will be carried out through a new company, RINA Services Sp A. The…

Lloyd?s Register (LR) and International Paint have delivered their 60th training course aimed at bringing Chinese shipyards up to speed with the IMO's new Performance Standard for Protective Coatings (PSPC) on commercial…

Optimist LLC (Arkhangelsk) commenced construction of a shipyard complex in Arkhangelsk which is estimated will cost RUR 800 mln ($28 million) according to Neftegasexpert with reference to resources in Arkhangelsk region. The…

A study carried out by the Danish embassy in Bangladesh claims the cost of building an ocean-going ship in Bangladesh is around 15% less than in any other competing country thanks to…

POSCO, South Korea's leading steelmaker, is not interested in buying Daewoo Shipbuilding & Marine Engineering (DSME), its ceo said. In January this year, state-run Korea Development Bank terminated the sale of a…

Singapore-based Eastern Navigation Group's offshore services has recently taken delivery of two new offshore vessels. The first vessel, named the 'ENA Challenger', was built at the Zhenjiang Shipyard in China and is…

Alphaliner had projected in March that the idle containership fleet could reach more than 4 Mteu within the next three years. That prediction was based on the expected influx of new capacity…

According to Alphaliner, the fleet of idle containerships has risen to 1.413 Mteu, or 10.9% of the total fleet as at 9 November 2009. Most of the increase over the fortnightcame from…

CMA CGM recently received the CMA CGM Christophe Colomb, first of eight ships of 13,300 teu ordered at DSME (Daewoo) in July 2007. The ship was originally planned for delivery in July.The…

A chapter of shipbuilding history that lasted for more than 40 years closedat Hamburg. Following the delivery of the 1,421 teu Elysee last week, theJ.J. Sietas shipyard, located in the west of…

Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its global network by opening a design office in Singapore. The office will provide a local liaison point for customers building ships in Asia which…

Shanghai Shipyard in China has reportedly received an order for two 57,000 DWT bulk carriers from a company in Montenegro at a cost of $28.8 million each. Delivery is scheduled for the…

The Assembly of Assonave, the national association of shipbuilders, repairers and suppliers in Italy, met in Rome last week to discuss the plight of shipbuilding in Europe. Following three years of buoyant…

Rolls-Royce has enhanced its customer support capability in South America with a new Marine Service Centre located in Niterói, Rio de Janeiro State, Brazil.The company has invested $9 million in the new…

Sri Lankan shipbuilder Colombo Dockyard has laid the keel for construction of the last unit in a four-ship series of 78 metre multipurpose PSV for Greatship India.The design of this vessel was…

Singapore-headquartered Yantai Raffles Offshore Ltd, a subsidiary of Yantai Raffles Shipyard in China, has paid RMB 291 million to acquire 100% equity interest in Sanlian Longkou Shipyard in Shandong Province. The shipyard,…

Norwegian based OceanSaver AS, which developed the natural, environmental-friendly and corrosion reducing ballast water management system OceanSaver, was recently granted final approval from the IMO at the latest meeting of the Marine…