News

Polish treasury minister Aleksander Grad announced last week that "To make the restructuring effective, it is necessary to provide additional public aid to the shipyards. Shipyards in Gdynia and Gdansk need z³.835…

Wärtsilä introduces two new low-speed marine diesel engines at the Wärtsilä Licensees Conference held this week in Lucerne, Switzerland. The engines are developed in co-operation with Mitsubishi Heavy Industries in Japan, taking…

BAE Systems India, subsidiary of the Britain-based global defence company BAE Systems, is planning a foray into shipbuilding besides expanding operations in India with more joint ventures and partnerships, a top company…

Shipbuilder and charterer, Sealink International Bhd in Malaysia has allocated RM50 million ($14.5 million) as capital expenditure to expand its shipyard at Kuala Baram in Miri. The company owns another shipyard located…

The Polish government on Thursday said investors interested in the privatisation of the country's ailing shipyards would present their plans in time for an EU deadline of 12 September.Following Polish promises to…

Industry has come out in support of emissions scrubbing technology in California, an industry poll has revealed. By a narrow margin, 55% of respondents to the poll on sustainableshipping.com said that "it…

Shipping analysts expect container lines to reduce vessels speeds still further as a way of cutting bunker consumption. "According to our analysis, a sailing speed of 21 knots is still far from…

Kongsberg Maritime in Norway has signed an agreement to acquire the UK-based sonar company GeoAcoustics Ltd for approximately NKr 42 million. The acquisition of the Great Yarmouth-based company will enhance Kongsberg Maritime's…

Hanjin Heavy Industries & Construction has won a $330 million order to build two oil tankers. The deal with Emarat Maritime LLC of the United Arab Emirates calls on the shipyard to…

The UK Defence-technology group QinetiQ has won a £150m contract from the Ministry of Defence (MoD) to provide testing and design services for ships, submarines, and other maritime equipment.The 15-year contract, called…

Vessels could be forced to reduce speeds to 10 knots if a new regulation by the National Oceanic and Atmospheric Administration (NOAA) in the USA gets given the go-ahead. The NOAA Fisheries…

Wärtsilä has acquired Navelec SAS, a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec's main office is located in Le Havre, France,…

Sealink International Bhd's unit, Sealink Shipyard Sdn Bhd (SSSB), has secured two contracts worth RM62 million ($18 million) to construct the hulls for two 111-metre accommodation work barges for Singapore-based Swire Pacific…

South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines in Subic Bay, has recently completed its second container ship, named CMA CGM Turquoise, with a market value of over $60 million. Hanjin completed the…

The new £3.9 million slipway unveiled recently at Macduff Harbour in Scotland will safeguard jobs and reverse the decline in the harbour's fortunes. Located at the Macduff shipyard, the new fully-automated facilities…

Hyundai Heavy Industries Co., the world's largest shipbuilder, is reportedly ready to spend as much as 8.5 trillion won ($7.54 billion) to take over Daewoo Shipbuilding & Marine Engineering Co (DSME). Last…

Kawasaki Kisen Kaisha ("K" Line) in Japan has ordered three 176,000 dwt Capesize bulk carriers from Shanghai Waigaoqiao Shipbuilding (SWS) for delivery in 2012. "K" Line's goal is to have 100 Capesize…

The Japanese are targeting offshore as a major future source of revenue. Nippon Yusen Kaisha has just announced the establishment of an Offshore Business Group under its Bulk Energy Transport division, starting…

Six government-owned shipyards will be sold in Croatia before 2009. The yards in question are Brodosplit in Split, Brodotrogir in Trogir, Kraljevica in Kraljevica, Maj in Rijeka, Uljanik in Pula and Viktor…

China International Marine Containers (CIMC) is picking up close to one third (29.9 %) of Yantai Raffles Shipyard Ltd. for $327 million, lower than the previously announced 566 million in March 2008.…

MOL-operated iron ore carrier Brasil Maru has been selected as the Ship of The Year for 2007 by Japan Society of Naval Architects and Ocean Engineers. The selection committee noted that the…

The world's largest and most environmentally adapted car and truck carrying ship, Aniara, was named today in Bremerhaven, Germany. Built at the Daewoo Shipbuilding and Marine Engineering yard in Korea, the 71,673…