News

The German shipowner NSC Schiffahrtsgesellschaft is refusing to take delivery of a large car carrier lying at Croatia's 3 Maj shipyard. It is the last of three 4,900 unit car carrier newbuilding's…

China LNG Shipping (Holdings) Limited and Malaysia's MISC Bhd have signed a co-operation agreement for the construction of a 174,000 m3 LNG carrier at China's Hudong-Zhonghua Shipbuilding. Local papers speculate that CLSL…

New research from UK-based Clarkson Research Services show that the world newbuild orderbook comprised 8,779 vessels (164.7 million CGT), the lowest since June 2007. Since the start of 2009, orders for gas…

Wärtsilä has signed the United Nations Global Compact (UNGC) initiative and has been registered as a participant by the UN Global Compact Office. With this action Wärtsilä further consolidates its commitment to…

An urgent tender to build two new OSVs for the Government of Iraq has been released by the US Navy as part of Iraq?s future procurement programme.The US Navy is calling for…

The Israeli container shipowner, ZIM Integrated Shipping, has reached a financial understanding to postpone four pending 10,000TEU newbuild deliveries. Originally due to be delivered in 2010, the quartet will now be delivered…

Wärtsilä has been assigned overall responsibility for systems integration in the pioneering FellowSHIP project. Wärtsilä's specially designed equipment is being used to integrate and create synergies between leading marine technology and state-of-the-art…

Siem Offshore in Norway is ordering two oil spill recovery vessels (OSRV) on the back of a lucrative eight year contract with Petrobras. The two ORSVs, to be operated by SIEM Consub,…

Brazilian mining giant Vale SA has given domestic shipbuilders the opportunity to build four 400,000 dwt bulk carriers. The company had been under pressure from the government to make investment in domestic…

Hyundai Heavy Industries recently held a launching ceremony for a 3,000 ton class patrol vessel named 'Taepyungyang 9' which is scheduled for completion in February 2010 .The vessel is 112.7m long and…

South Korea?s Samho Shipbuilding has reportedly received a contract to build six 32,000 dwt bulk carriers from Piraeus-based Capital Ship Management. Deliveries are scheduled between 2010 and 2011. The Greek shipowner has…

The Privatisation Unit in Malta is expected to announce preferred bidders for Malta Super Yacht Services and for the shiprepair arm in the very near future, Finance Minister Tonio Fenech said. MSYS…

South Korea's Doosan Engine has developed a ship-engine main bearing's abrasion measurement system and an advanced real-time measurement system of the condition of lubricating oil. Doosan initially developed the measuring systems for…

Odense Steel Shipyard Ltd. A/S (Lind? Shipyard) has entered into an agreement on the sale of Loksa Laevatehase AS (Loksa Shipyard) to a consortium consisting of AS Frelok, Crown Solution OÜ and…

Brazil's EBX mining, energy and engineering conglomerate will invest up to $1 billion in a shipbuilding venture designed to meet needs of the nation's burgeoning offshore oil drilling industry.EBX has partnered with…

Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years . SHI was among the shipbuilders who submitted tenders in connection with a project by India's Reliance Group…

Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently…

Korea's top spot in the shipbuilding industry for the last 10 years is now under threat and faces strong challenges from China.Since first reaching the 10 million-ton mark in orders in 2000,…

Shanghai Shipyard has reportedly won a $250m contract from state-owned Cuban company Acemex to build ten handysize vessels. Each 35,000 dwt vessel will cost $24m-$25m.

According to a study by Clarkson Research Services, global new shipbuilding orders in August have hit a new monthly record for 2009. The study claims that orders in the first three weeks…

Yellowfin, a unique marine propulsion technology business, has gone into administration and is being marketed for sale by leading asset consultancy Edward Symmons on behalf of Administrators, RSM Bentley Jennison & Co…