News

The Green Ship of the Future, the Danish maritime initiative, has received the International Environmental Award from the Sustainable Shipping organisation for being the most environmentally friendly shipping initiative. Sustainable Shipping is…

Chinese coal shipper Guangdong Lanyue Energy Development Co is looking to add 20 more bulkers to its newbuilding tally in the next five years. Last week the company had already ordered 10…

Following the recent cancellation of the order for five-chemical tanker by the Eitzen Group, Hiroshima Bank is formulating a bailout plan for the troubled Japanese shipbuilder Sasaki Shipbuilding. A Japanese shipowner has…

Propeller manufacturer Stone Marine Singapore has invested in two new furnaces which will increase the melting capacity of the foundry in Singapore by over 50% in order to meet demand. The furnaces,…

Daewoo Shipbuilding & Marine Engineering (DSME) is said to be in talks to buy as much as 20% in a Brazilian rival to seek orders from Petroleo Brasileiro (Petrobras).The local content clause…

Croatia?s national ferry line, Jadrolinjia, has added the ?Biokovo? to its fleet. This newly built double-ended ferry was the eleventh ferry to have been received by the company in the past five…

Edison Chouest Offshore has signed a $150m contract with Royal Dutch Shell to build an arctic support vessel. The US offshore vessel builder and owner also will operate the 110m vessel to…

German shipbuilding group Hegemann has received a ?100m ($143m) order for an offshore vessel from a Bremen-based owner, for delivery in 2011 subject to financing.It is not yet clear which shipyard of…

The Norwegian offshore company Sea4, established in July 2007, has been battling for several months to secure financing for the two IMR/Construction Support Vessels on order in Spain and has now signed…

ABS is now offering its clients powerful ship inspection and maintenance management software to be placed in the office and on board all newbuild vessels contracted to ABS class. The offer is…

China's largest shipbuilder and shiprepairer, China Shipbuilding Industry Co., plans an initial public offering in Shanghai to fund 6.44 billion yuan ($942 million) of expansion projects. The Beijing-based, state-controlled company is selling…

China Oilfield Services Limited (COSL) has ordered a 3D deepwater seismic vessel from Shanghai Shipyard. The new vessel is based on a Skipsteknisk ST-327L CD design and will be powered by a…

India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed…

The UK's Ministry of Defence has announced a £230 million deal with the shipbuilders BVT that it claims will help to secure the future of the industry in Scotland for the next…

In return for EU approval to keep euro251 million in government subsidies, Poland's Gdansk shipyard must slash capacity. This decision comes after a four-year European Commission investigation into whether government capital injections,…

Shipyards in South Korea are having difficulties in mooring newbuildings of which Deliveries of newbuildings that have been delayed by shipowners, are creating mooring difficulties for Korean shipyards. A rash of owners'…

Belgium-based shipowner Euronav has called on Samsung Heavy Industries to convert a VLCC order to a pair of Suezmaxes. Samsung was preparing to build a 318,000 DWT VLCC for delivery in the…

Hyundai Heavy has signed a contract to build five mid and large sized patrol vessels worth 149.9 billion won with Korea Marine Fund Corporation. The order includes one 3,000 ton class offshore…

Genco Shipping & Trading Limited has taken delivery of the 'Genco Commodus', a 170,500 DWT Capesize newbuilding. The newbuilding is the seventh vessel to be delivered to the Company under Genco's previously…

There is a growing awareness in the shipbuilding industry that a closing of the gap between newbuilding and second-hand ship prices is occurring which is making the newbuilding market a more attractive…

The latest Shipbuilding Market Forecast, published by Lloyd?s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed…