News

Sea Transport Solutions, the Australia ship designer, has been commissioned to design a new 64-metre Ro-Pax catamaran for Venezuela. The new vessel will have a large cargo capacity but reduced passenger area…

Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company became the first overseas shipowner to sign a long-term iron ore transport contract with Jiangsu Shagang Group Co., Ltd. of China. The10-year voyage…

Drydocks World - Dubai, the ship repair, conversion and new building yard of Drydocks World, has won the Ship Repair/ Shipyard Award for the third time in a row at the 7th…

In a move that defies logic given the current overcapacity in the shipbuilding industry, China State Shipbuilding Corporation (CSSC), the state-owned shipbuilder, is planning a major new shipbuilding facility. CSSC plans to…

Japanese export ship orders continue to decline and, for the 12th consecutive month in September on a year-on-year basis, tumbled 75.5 % to 543,500 gt, according to figures released by the Japan…

India?s largest dockyard Pipavav Shipyard has signed a contract with the Oil and Natural Gas Commission (ONGC) for construction and supply of 12 offshore supply vessels (OSVs) at a total value of…

Taiwanese shipping giant, Evergreen Marine, plans to order 100 container ships in 2010 to expand its fleet to nearly 300, the company's founder Chang Yung-fa said.The ambitious ordering plan comes as the…

Brazilian state-run energy giant Petrobras is considering renting the former Ishibras shipyard in Rio de Janeiro state according to local sources.Petrobras would lease the shipyard at a cost of 4 million Brazilian…

Up to half of all newbuilding orders placed at Chinese yards could end up being delayed as owners try to ride out the recession, according to the government. National Development and Reform…

Clean energy is high on the international agenda and noteworthy resources are put in respective research and development. Germany, through the Federal Ministries for Transportation, Economics, Research, and Environment, has established the…

Ocean Hotels in Norway has signed a $100 million loan agreement with Export Development Canada which will allow Ocean Hotels to draw up to the total amount in construction financing prior to…

Industry reports suggest that Norilsk Nickel OJSC in Russia intends to sign a contract on building a 20,000 dwt high ice-class oil tanker by the end of this year. Nikolai Matyushenko, Deputy…

Russia's United Shipbuilding Corporation and Chinese shipbuilder Yantai Raffles have signed a joint venture agreement to build a large shipyard in Vladivostok, on Russia's Pacific coast, at a cost of $200m. Yantai…

A Middle East oil tanker operator has ordered the first container ship order anywhere in the world since October 2008. The state-owned Abu Dhabi National Tanker Company has placed an order for…

Leading Korean shipbuilders are diversifying into the wind power industry in the face of a sharp drop in new shipbuilding orders and the growing challenge from Chinese rivals. While Hyundai Heavy is…

Kongsberg Maritime announced that its Polaris Dynamic Positioning simulator is the first to achieve DNV approval to the stringent Class A standard. The company has also achieved DNV approval to Class A…