News

Indian engineering and maritime groups have lined up an estimated $4.5bn to invest in new shipyards, opening up a front in the nation?s competition with China to become a low-cost manufacturing centre.The…

The Royal Moroccan Navy has signed a contract with the Netherlands-based Schelde Naval Shipbuilding, part of the Damen Shipyards Group, for three Sigma-type missile corvettes. The customer has requested the overall contract…

State-run CSBC Corp, Taiwan, (CSBC) plans to sell a majority of its shares in line with its goal of completing its long-delayed privatization by the end of this year. The proposed share…

With almost all Asian shipyards focusing on increasing their output in order to meet their bulging order backlogs, this is hampering innovation in ship designing according to Arild Iversen, chief executive of…

Golden Ocean Group Limited (GOGL) has placed a newbuilding contract with the Chinese shipbuilder Zhoushan Jinhaiwan Shipyard (Jinhaiwan) for two 80,000 dwt Kamsarmax bulk carriers for delivery during 2011. The contract includes…

The Italian shipbuilder Fincantieri and the French owner Compagnie des Iles du Ponant, part of the CMA CGM Group, have signed a preliminary agreement to build two super luxury cruise ships. By…

The Qatar shipping company Nakilat has awarded a major contract to Hyundai Samho Heavy Industries Company Limited and Hyundai Corporation (acting collectively as the contractor) for ten jib cranes. The contract, which…

Dongkuk Steel Mill Co, which sells 30 % of steel used by South Korea's shipbuilders, raised the price of heavy plates by 13 % as yards face record orders for vessels. The…

The International Chamber of Shipping (ICS) has updated its Code of Practice on Shipping and the Environment. The expanded 4th edition is intended to provide a concise but comprehensive summary of the…

The German heavy lift shipping company Schiffahrtskontor Altes Land GmbH & Co. KG (SAL) has named the first of eight new heavy lift vessels to be built by the German yard of…

Singapore-based Keppel Shipyard Limited has secured contracts worth over S$215 million ($152 million) for the conversion of tankers to floating, production, storage and offloading units.These include the conversions of a tanker for…

Singapore-based ASL Marine Holdings Ltd. posted 23.7% increase in revenue to S$193.4 million ($136.7 million) on the back of higher value shipbuilding projects and increase in ship repairing and conversion jobs during…

As of the end of December 2007, Chinese shipbuilders? orders-in-hand had totaled 158.89 million dwt, rising by 131% year-on-year, according to statistics released by the Shipping Industry Administrative Office of the Commission…

Hyundai Heavy Industries (HHI) has won a deal valued at 794 billion won ($843 million) to build six container ships. The deal with a European shipping company calls on HHI to deliver…

Italian shipping company Rizzo-Bottiglieri-De Carlini Armatori SpA (RBD) signed a $180 million contract with Shanghai Waigaoqiao Shipyard for two 177,000 dwt Capesize bulk carriers. "These will be the largest ships in our…

The Netherlands-based maritime services company Smit has awarded Australian shipbuilder Strategic Marine a contract to build three aluminium hulled crew/pilot boats for use in its Middle East operations.Strategic Marine chairman, Mark Newbold,…

General Dynamics NASSCO, a unit of defense contractor General Dynamics Corp, said it was awarded a $460 million contract to build a tenth T-AKE dry cargo ammunition ship and buy materials for…

The world's first commercial ship powered in part by a giant kite is recording fuel savings of between 10 and 15 % midway into its maiden voyage across the Atlantic, according to…

MGC Chartering Limited has placed an order with Australian high-speed catamaran builder Incat in Tasmania for Incat?s third state-of-the-art 112 metre wave piercing catamaran due for delivery in February 2009.Incat hull 066,…

Wallenius Wilhelmsen Logistics? (WWL), represented by their marine fuels partner Wilhelmsen Premier Marine Fuels, has signed its largest ever deal for low sulphur fuel with Shell Marine Products A/S. The deal is…

The Chinese Navy is using Australian technology to upgrade its warships, a move which experts warn may be detrimental to Australia's national security. Through a joint venture company based in China, an…

There has been another call for ships to cut their sailing speed to save bunker fuel and cut harmful emissions. Lars Carlsson, chairman of the cross-industry lobby group SEAaT (Shipping Emissions Abatement…