News

Dampskibsselskabet NORDEN A/S, an independent Danish shipowner operating a fleet of tankers and bulk carriers, has taken delivery of the first in a series of six new medium range (MR) product tankers…

Aberdeen-based North Star Shipping, part of the Craig Group, has taken delivery of its latest vessel, an Offshore Ship Designers (OSD) IMT978 PSV design, named ?Grampian Talisker?.Built by Astilleros Balenciaga in Northern…

Shipping Corporation of India (SCI) has outlined a $4 billion capex to expand its fleet of vessels by 2012. The company, which had put new acquisitions on hold pending correction in the…

MAN SE has won a contract with Karadeniz Powership Co. Ltd. of Turkey to supply up to 24 engines to be used to generate power-grid electricity from aboard ships.MAN said the deal,…

Denmark?s Clipper Group is looking for a shipyard in Northern Europe to build four 91.4m double-ended passenger/car ferries for its wholly-owned domestic ferry operator Nordic Ferry Services. The quartet will each be…

Daewoo Shipbuilding & Marine Engineering Co. (DSME) has received a $460 million order to build four very large bulk carriers. The Korean shipbuilder identified the customer only as "a client in Southeast…

Shipbuilders in Bangladesh are seeking government help and incentives for a boost to the industry. "We need a 30 percent incentive for the industry for at least five years," Abdullahel Baki, chairman…

Neorion Shipyards in Greece has reportedly said that it would consider purchasing the Hellenic Shipyards from Germany?s ThyssenKrupp. The German company has been in talks with the Greek Government over the sale…

The fleet of idle containerships have risen within the last fortnight to reach1.393 Mteu, or 10.7% of the existing fleet according to the latest Alphaliner newsletter. The rise is led by the…

Zim has secured the acceptance of more than 95% of its creditors to the restructuring plan that it has put forth. An agreement appears to have beenreached with representatives of the Zim?s…

Maersk Line is to opt for extra slow steaming on the Asia-Europe route, starting from the end of November. The Danish carrier will adjust sailing speeds on westbound crossings from Asia to…

India's biggest shipbuilder under state control, Cochin Shipyard Ltd, is talking to potential partners in the defence sector to jointly build a new dry dock at the yard to boost capacity.The Kerala-based…

Brazilian billionaire Eike Batista is said to be planning to build a new shipyard in Rio de Janeiro. Batista, who is the owner of Offshore Services X, recently announced plans to build…

Germany?s ThyssenKrupp is reportedly in talks with the Greek Government about the future of the Hellenic Shipyards. "The shipyard is in a difficult situation since the cancellation of a submarine contract," Reuters…

The Indian shipping ministry has asked two state-owned shipyards to carry out feasibility studies and help build two new shipyards, one on the east and one on the west coast.Shipping secretary A.P.V.N.…

The Palmali Group, owned by the Mansimov family in Azerbaijan, ordered 10 tankers to be built by Turkey?s Bežiktaž Group, for a total price of $200 million. The tankers will be delivered…

DNV has recently signed a dual class general agreement with China Classification Society, a further step forward on cooperation with the local class society. DNV and China Classification Society (CCS) have entered…

Tebma Shipyard in India has recently been hit by two cancellations. Norwegian owner DOF Subsea cancelled orders for three multipurpose supply vessels while Trico Marine Services, USA, has indefinitely suspended the delivery…