News

Aker Philadelphia Shipyard delivered its fourth Veteran Class MT46 tanker vessel to Aker American Shipping. It is the first vessel sold for profit to Aker American Shipping following the corporate reorganization that…

Legislation requiring treatment of ballast water on ships in the Great Lakes may reach a vote in Congress next week, but some of the bill's details remain a mystery. Rep. James L.…

The Marine Environment Protection Committee (MEPC) of the IMO convened its 57th meeting focusing on the reduction of harmful emissions and ballast water management, as well as the planned convention for environmentally…

International Salvage Union (ISU) president Arnold Witte had called on all sectors of the shipping and insurance industries to approach the issue of salvage and spill prevention with "fresh thinking and open…

The state-run Shipping Corp. of India Ltd (SCI) is set to buy four 82,000 dwt Kamsarmax-type dry bulk cargo carriers from South Korea?s STX Shipbuilding Co. Ltd for $239.80 million. STX emerged…

Brazil plans to promote the country?s ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latin America. "We?ve started…

Cosco Singapore shipyard has canceled a $202 million order to build a semi-submersible oil rig hull because Red Flag A.S. of Norway didn?t pay a deposit for the construction to proceed. This…

South Korea's steel manufacturer, Posco, will raise steel prices by up to 20.7% in a move widely expected in markets to help it pass on soaring prices of raw materials. The price…

India?s offshore service provider Dolphin Offshore Ltd moved a step closer towards the take off platform for its proposed Rs 400-crore greenfield shipyard project in Gujarat, with the company having received the…

The revision of MARPOL Annex VI and the NOx Technical Code (Annex VI) means there is now a sell-by date on the term Sulphur Emission Control Area (SECA) at the IMO. In…

A good week so far for Chinese shipbuilders with brokers reporting several major contracts. Cosco?s shipyard in Nantong has received more orders for Suezmax tankers from European owners. Greece?s Thenamaris has reportedly…

As part of its active portfolio management activities, ThyssenKrupp Technologies is selling the Rendsburg/ Germany-based shipyard Nobiskrug GmbH. Nobiskrug, a subsidiary of ThyssenKrupp Marine Systems, has 400 employees and generated sales of…

Rolls-Royce has been selected to design a research vessel to carry out significant environmental research at both the North and South Poles. The vessel will be outfitted to cover a wide range…

Shanghai-based Hudong-Zhonghua Shipyard delivered the 147,000 m3 LNG carrier Dapeng Sun to China LNG Shipping (International) Ltd for service between Australia?s North West Shelf and China?s first LNG receiving terminal in Guangdong…

BulYard Shipbuilding Industry will fulfill a 60 million euro order for two cargo vessels placed by its majority owner Industrial Holding Bulgaria (IHB). The financing will be provided by IHB subsidiary KLVK.…

JFE Holdings Inc. and IHI Corp. will start talks to combine shipbuilding operations to create Japan's biggest shipyard, challenging South Korean and Chinese rivals. The Tokyo-based companies will discuss details including the…

Vic Emery, managing director of BAE Surface Fleet Solutions, in his evidence to the Scottish affairs committee, expects that after contracts for the two promised aircraft carriers are completed, the Royal Navy…

Recognising campaigners' fears that the Antarctic waters were at risk from the rising number of ships in the area, the IMO has invited member nations to submit proposals to limit shipping's impact…

Shipyard workers at Daewoo Shipbuilding & Marine Engineering have voted to strike against a planned stake sale this year. The union said that about 93% of the 6,503 workers voted in favor…

The Tasmanian shipbuilder Incat has delivered the second high speed Wave Piercing Catamaran to Japanese owner Higashi Nihon Ferry. The Natchan World will join her sister Natchan Rera, completed by Incat last…

The revision of MARPOL Annex VI and the NOx Technical Code (Annex VI) is on track for formal adoption in October 2008 and is likely to enter into force in March 2010.…

China's first domestic built LNG carrier successfully completed its sea trials and was recently handed over to China LNG Shipping Holdings Co, a joint venture of China National Offshore Oil Corp. (CNOOC),…