News

Thousands of Polish shipyard workers will lose their jobs when the country?s state-owned yards are sold off. Under the government scheme, workers will be offered between $6,000 and $18,000, depending of the…

China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuilding industry is unlikely to recover in the near future. New shipbuilding orders received…

The Chinese government may force state-owned shipping groups to buy more vessels as foreign carriers scrap orders, according to Steve Man, an HSBC Holdings Plc analyst in Hong Kong. That risks increasing…

Admiralty Shipyards OJSC, in St. Petersburg, and Sovcomflot OJSC plan to sign a contract for construction of a gas carrier with a capacity of 80,000 m3, according to Vladimir Aleksandrov, Director General…

Japanese shipbuilder Kanasashi Heavy Industries has ceased operation as it does not have the funds to procure ship parts and equipment for newbuildings. The medium-sized shipbuilder has so far been unable to…

Oslo-based Camillo Eitzen & CO ASA has reached an agreement with a Japanese shipyard for the cancellation of the six 2,500m3 gas carriers against a final and total settlement of $2.5 million.…

The Brazilian oil company Petrobras is scheduled to receive proposals next week for eight FPSO hulls, but Brazilian media report that just four of the 13 companies invited to vie for the…

The big three shipbuilders in South Korea are fiercely competing to win a massive LNG-FPSO order to be placed by Royal Dutch Shell. This mega project, said to cost some $4bn-plus, calls…

MacGREGOR, part of Cargotec Corp., has received an order for 28 hose handling and provision cranes from Korean shipyard Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME). "For many years now MacGREGOR…

By 2011, the Yangtze River Delta, the Pearl River Delta and the Circum-Bohai Bay region will be built into three world-class shipbuilding bases in China, according to a recent development program for…

Jurong Shipyard in Singapore, a wholly-owned subsidiary of Sembcorp Marine, has secured a rig order from Gander Drilling Limited, a wholly-owned subsidiary of SeaDragon Offshore Limited, to complete and deliver a Moss…

EDT Offshore's two platform-supply-vessel (PSV) newbuildings in Spain have been delayed by a further six months. Cyprus-based EDT's first unit from Astilleros de Sevilla is expected to be launched in October, while…

Turkey's Besiktas Group has secured a deal worth ?60m ($80.5m) to take over an order to construct four LNG tankers. Liquid gas and chemical carrier specialist Gas and Heat, based in Livorno,…

Hyundai Heavy Industries has completed work on the world?s first dedicated dry dock for FPSO vessels. The new "H dock" is the single largest dry dock in the world at 490m long,…

Austal has received its second large vehicle ferry order within a week after being selected by leading Maltese operator Virtu Ferries to design and build a 107m vehicle-passenger catamaran.The order follows last…

Pt Bank Negara Indonesia has agreed to provide additional loan of $25.6 million for state shipbuilding company Pt PAL Indonesia to fund the building of four tankers on orders from Turkey and…

Marine Design and Research Institute of China is planning to build a Q-Flex LNG tanker with a capacity of about 215,000m3 said Zhu Jianzhang, a marketing official with the state research unit.…

Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam's state-owned shipbuilding group Vinashin, has launched its first bulk carrier. The joint stock company floated a…

The IMO has bowed to pressure to adopt climate-friendly ways in its recycling sub-sector. From next month, it is set to come up with new regulations for ship recyclers. Activists have piled…

China State Shipbuilding Co Ltd (CSSC), one of the largest shipbuilders in the country, said that its net profit in 2008 increased by 48.6% year-on-year to 4.16 billion yuan. The company's revenue…

Shipping Corporation of India (SCI) said it will place orders for 10 ships in this financial year. Last year, the company had postponed the purchase of eight new vessels owing to global…

Officials of Taiwan's leading shipbuilder, the state-run CSBC Corp., said recently that, despite a last-minute decision by the Israeli shipping company ZIM to cancel an order for six container ships worth $220.4…