News

Austal will build its largest catamaran to date following an order from Denmark?s Nordic Ferry Services for the design and construction of a 113m high speed vehicle-passenger ferry. This order, which was…

Shipbuilding slump such as new order drought and existing order cancellations could last as much as 10 years, according to a South Korean analyst. Especially, small and midsize shipbuilders could face closure…

Fincantieri Marine Group, which operates Marinette Marine Corp. and Bay Shipbuilding Co. in the USA, is closely watching federal legislation introduced last week seeking construction of a new Great Lakes icebreaker. "We…

Chittagong Port Authority (CPA) has said it would allow shipbuilding yards in the upstream of the Karnaphuli river. But shipbuilders say CPA's policy would 'stunt' the growth of the emerging industry. CPA…

After almost six months during which almost no new building orders have been placed, shipyards around the world and especially in the two biggest shipbuilding nations of South Korea and China are…

Fincantieri is holding last-ditch talks with Italy's three main metalworking unions in the hope of agreeing a deal on a new labour contract. Talks have been going on for months, with the…

The merger of Noble Denton and Germanischer Lloyd forms a fully integrated technical assurance and consulting company to serve the worldwide energy industries. The new entity will provide assurance, inspection, and consulting…

Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea recently held a naming ceremony for the world's largest 14,000 TEU containership. The ship, named ?MSC DANIT', has a length of 365.5m, width…

A Philippine ship builder is investing P250 million for a new facility in Maasim to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary…

The Danish shipping company Clipper Group, which had a construction program of 60 new ships, says it will not have to take a large proportion of the ships which would have been…

Following the earlier announcements that Arrow Seismic Invest II Ltd, a subsidiary of Petroleum Geo-Services ASA (PGS), had terminated the shipbuilding contract with the Spanish shipbuilder Factorias Vulcano, the Norwegian offshore company…

Mitsui O.S.K. Lines (MOL), the world's largest operator of iron-ore vessels, halted new orders for the ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers and…

China's Guangzhou Shipyard International Co said it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis.…

Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first ever Panamax built by Korean shipbuilder Hyundai Mipo Dockyard (HMD. The 75,000 DWT…

Riga Shipyard in Latvia has launched its third vessel this year. The fishing trawler "Helena Matte" was commissioned by a Danish company, which will fit out the vessel with electric, communications and…

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300 million.…

Nakilat and Netherlands-based Damen Group have signed a memorandum of understanding for establishing a Qatari majority joint venture, which will build a shipyard for construction of luxury yachts and ships for commercial…

South Korean builders have resumed their marketing activities for newbuildings, but Japanese yards are not dropping their wait-and-see stance. Shipyards in South Korea have been targeting order receipts in order to fill…

Belgium's Jan De Nul NV has reportedly cancelled three dredging vessels on order at South Korea's Asia Heavy Industries. The ships were scheduled to be delivered to the owner from August to…

Emerging South Korean shipyard C& Heavy Industries, which was seemingly pushed to the wall by its creditors, may yet have another lease of life. The shipyard had on Monday signed a memorandum…

GAC, the Kuwait-based provider of shipping, logistics, marine and related services, has launched GAC Ship Lay-up Solutions (GLUS), a new service package tailor-made to help owners/operators avoid non-profitable journeys, and reduce wear…

South Korean shipyards are asking state-run lenders to increase loans and extend financing for orders as a deeper-than-expected economic slump dries up their cash holdings, industry sources said. According to the sources,…

China National Offshore Oil Corporation (CNOOC) has announced its plan to invest in the deepwater equipment manufacturing. In the next five to eight years, CNOOC's growth in the deepwater sector is expected…