News

Athens-based shipowner Danaos Corporation recently took delivery of one more containership, the CMA CGM Moliere, expanding its operational fleet to a total of 42 containerships aggregating 172,433 TEU. The new vessel has…

South Korea's Orient Shipyard recently delivered its first-ever newbuilding to compatriot Sunwoo ST. The ship, named ?Ocean World', is the first in a 33,300 dwt bulk carrier series ordered by the shipowner…

Korea Gas Corporation and the country's big three shipbuilders, namely Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, have jointly developed a LNG storage tank system.South Korean shipbuilders,…

Bangladesh's Western Marine Shipyard is planning to construct its second domestic yard next year. The company is in talks with South Korean, Japanese and Danish interests over a $100m facility at Anwara.…

Strategic Marine Mexico?s Joint venture Partner, Mexican ship building company Servicios Navales E Industriales (SENI), has been awarded a contract to build two 35 metre buoy tender vessels for the Mexico Ministry…

Vice President of the United Shipbuilding Corporation in Russia, Sergey Forafonov, said that Gazprom?s plans for offshore developments would require over 300 vessels to be built. This would bring plenty of opportunity…

The 52 metre crew boat "Aramara", ordered by Arrendadora Ocean Mexicana (Blue Marine), is the first vessel to be built at Strategic Marine?s Mexican shipyard in Mazatlan. It is also the first…

Chinese and South Korean support for shipbuilders may hurt the industry in the long term by keeping unprofitable yards afloat amid plunging demand, according to Drewry Shipping Consultants Ltd. "There?s absolutely no…

The Dutch shipbuilder, IHC Merwede, the market leader in the construction of specialised dredging equipment, is fast increasing its footprints in India. Last year the company delivered seven dredgers to various Indian…

The US Coast Guard and international shipping lines are becoming seriously alarmed at the number of ships suffering loss of power after switching to low sulphur fuel. This is particularly the case…

The Non-Operating Owner (NOO) fleet of idle containerships has risen to 654,000 teu, the highest level ever recorded, according to the latest Alphaliner fleet survey. The carrier-controlled idle fleet stood at 643,000…

Japanese shipbuilder Kawasaki Shipbuilding is reducing newbuilding capacity at its Sakaide Shipyard by returning to a one-dock system from the current two-dock one in the autumn next year.As newbuilding demand shrinks, it…

The German shipowner NSC Schiffahrtsgesellschaft is refusing to take delivery of a large car carrier lying at Croatia's 3 Maj shipyard. It is the last of three 4,900 unit car carrier newbuilding's…

China LNG Shipping (Holdings) Limited and Malaysia's MISC Bhd have signed a co-operation agreement for the construction of a 174,000 m3 LNG carrier at China's Hudong-Zhonghua Shipbuilding. Local papers speculate that CLSL…

New research from UK-based Clarkson Research Services show that the world newbuild orderbook comprised 8,779 vessels (164.7 million CGT), the lowest since June 2007. Since the start of 2009, orders for gas…

Wärtsilä has signed the United Nations Global Compact (UNGC) initiative and has been registered as a participant by the UN Global Compact Office. With this action Wärtsilä further consolidates its commitment to…

An urgent tender to build two new OSVs for the Government of Iraq has been released by the US Navy as part of Iraq?s future procurement programme.The US Navy is calling for…

The Israeli container shipowner, ZIM Integrated Shipping, has reached a financial understanding to postpone four pending 10,000TEU newbuild deliveries. Originally due to be delivered in 2010, the quartet will now be delivered…

Wärtsilä has been assigned overall responsibility for systems integration in the pioneering FellowSHIP project. Wärtsilä's specially designed equipment is being used to integrate and create synergies between leading marine technology and state-of-the-art…