News

The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate of 30%. In a recent report, a consultancy firm has said…

China will implement its first ever market access regulations for shipbuilding manufacturers from 1 October in order to prevent production of low-quality vessels. Jin Zhuanglong, vice minister of the Commission of Science,…

EUKOR Car Carriers has placed an order with Korea shipbuilder Hyundai Heavy Industries (HHI) for four large Pure Car and Truck Carriers (PCTCs). The vessels will be built at the HHI Shipyard…

Shipbuilding seems to be staging a comeback in India, especially large ships, with smaller shipyards taking the lead. India?s largest private sector yard, ABG Shipyard, announced an order for four bulk carriers…

Hyundai Heavy Industries? Shipbuilding Division has commenced construction of a 10,000TEU containership. The ship is one of the four ordered from the Chinese shipping company COSCO, and will be delivered in early…

Aker Yards and Tallink Grupp have signed a contract of a large cruise ferry. The vessel worth approx. 180 million Euros will be delivered in spring 2009 from the shipyard in Rauma.The…

Hyundai Samho Heavy Industries in South Korea has secured an order for three PCTCs from a ship owner in Latin America. Total contract price is $270 million and deliveries will be completed…

Hitachi Zosen joins the family of licencees of Wärtsilä Corporation to manufacture Wärtsilä RT-flex electronically-controlled common-rail marine engines. Hitachi Zosen was awarded a contract in March 2007 by Wärtsilä Corporation to build…

Yangzijiang Shipbuilding, one of the leading shipbuilders in China, is planning to raise up to $622 million through a listing on the Singapore Exchange. The Jiangsu-based shipbuilder is offering 993 million shares,…

Hanjin Heavy Industries has won $281 million order to build five container ships for a European company. The vessels will be delivered to Danaos Shipping of Greece by 2010. Hanjin expects this…

Fears are being raised that Barrow shipyard in England could miss out on building sections of a giant new aircraft carrier. It was planned that Barrow, part of the BAE group, would…

Bharati Shipyard (BSL), India?s second-largest private sector ship-builder, is understood to have acquired the UK-based Swan Hunter Shipyard for an undisclosed amount."The entire machinery and equipment from Swan Hunter will be dismantled…

Tallink s newest passenger ferry "Star" was delivered from Aker Yards Helsinki yard today. The 110 million euro newbuilding will start regular crossings between Helsinki and Tallinn and will be capable of…

Germany will fully support an EU free trade agreement (FTA) with Korea, as it will boost bilateral trade and investment between the two economies. "We will most probably see a swifter resolution…

The Craig Group?s biggest ever platform supply vessel has been launched in Spain. The Grampian Talisman represents an investment of £12 million by the global shipping and energy services company and will…

Sri Lanka?s Colombo Dockyard Limited (CDL) has secured a $36.6 million order for construction of two 89 metre, 250 passenger capacity ships for the Government of India. The significance of the award…

A total of 45 companies from across Europe have joined forces to push for the creation of a Joint Technology Initiative (JTI) for fuel cells and hydrogen technology. The companies, which include…

Chinese shipbuilders are continuing to win new orders for bulk carriers and tankers. Enterprise Shipping has ordered three 92,500DWT bulkers from Jinling Shipyard with delivery of 2010 at a cost of $47…

MOL in Japan will launch 44 iron ore bulk carriers by from April this year to early 2012. The move is part of MOL's growth strategies in the new midterm management plan…

The EU has reportedly told China that it would face a growing threat of trade penalties unless it curbed its capacity expansion in steel and shipbuilding. EU industry commissioner Günter Verheugen gave…

The French DCNS group unveiled its new corporate identity symbolising the group's new organisation and ambitions following the integration of Thales's naval businesses in France (though not its naval equipment businesses). The…

Guido Perla and Associates (GPA) announced that Trico Marine Services has ordered two of the well-proven GPA 640 Platform Support Vessels (PSV).Each of the DP2-certified vessels, measuring 64 metres in length, will…

An unconditional contract has been confirmed for the supply of four fast ferries, consisting of two 69 metre and two 88 metre Austal Auto Express vehicle-passenger catamaran designs. Further customer details cannot…