News

Sungdong Shipbuilding & Marine Engineering of South Korea has secured an order for two 158,000DWT Suezmax tankers from a leading tanker company. A yard official declined to disclose the shipowner's identity but…

Small sized Japanese shipbuilder Onishigumi Shipbuilding has filed for protection in court. Established in 2005, Onishigumi took over the former Kyoei Shipyard and builds offshore support vessels and tankers up to 5,000DWT.…

China's Zhoushan Jinhaiwan Shipyard has received an additional 30 bulker orders from Grand China Logistics, which had become a new stakeholder of the shipbuilding company. According to sources, ship types are said…

Reports from the Far East name the yards that are said to be competing for the valuable LNG carrier tender for as many as 16-20 new vessels for the Shtokman LNG project.…

Kobe Steel in Japan is to cut production of crankshafts by about 10% as a result of newbuilding delivery delays and shipyard cancellations. Crankshafts produced at Kobelco's Takasago plant near Kobe are…

Medium-sized South Korean yard Kwang Sung is the latest yard to opt for a bank-led workout procedure. Kwang Sung is a midsize shipyard located in Mokpo city. It constructs newbuildings at two…

DNV Korea & Japan has taken the first initiative to introduce its CNG technology to major shipbuilders. This makes DNV the first mover among the classification societies in introducing this new technology.…

China Ocean Shipping Group Company (Cosco) has cancelled bulker newbuildings ordered at its own shipyards in China. Two subsidiaries of Cosco, Qingdao Ocean Shipping and Cosco Hong Kong Shipping, have axed eight…

To develop further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, France, on 9 July. Dr. Timmermann, Member of the Executive Board of MAN…

The OECD Council Working Party on Shipbuilding (WP6) says the economic downturn has hit shipbuilding hard where new orders have contracted by up to 90% and cancellations have increased. This situation is…

Wilhelmsen Ships Service has announced that their Liferaft and Marin-Ark service station in Miami, Florida is now fully operational. It is a stand-alone station conveniently situated between the port of Miami and…

Germanischer Lloyd's new Guidelines for the Analysis of Alternative Ship Design and Arrangements (V-2-1) come into force in mid-July. Alternative ship design and arrangements are solutions which deviate from the prescriptive requirements…

The Bailey Group, based in Cardiff, has taken control of the A&P Group, which employs 600 staff at four sites. They include: Hebburn on Tyneside, Middlesbrough in Teesside, Chatham in Kent and…

Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) in Russia and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI), signed a cooperation agreement…

Modern Commercial Navy (MCN) PLC and United Industrial Corporation JSC (OPK) have signed a cooperation agreement for the potential development and construction of a multifunctional supply icebreaker and a 75, 000 m³…

Mediterranean Shipping Co (MSC) is said to have pushed back deliveries for some of its mega boxships on order. MSC chairman Gianluigi Aponte told Italian media that deliveries of the largest containerships…

Ethiopian Shipping Lines (ESL) is in talks with a Chinese shipyard to buy cancelled newbuildings. The national carrier has been wooed by an unnamed Chinese yard looking to find a home for…

Israel?s Zim Integrated Shipping Services has received the first consignment of its twelve-vessel order with the arrival of ?Zim Los Angeles?. The 8,400 TEU vessel is the first mega container vessel owned…

Ulstein Verft has won the contract with GIEK and Sparebank 1 SR-bank to complete the construction of a large anchor handling vessel for Solstad. The newbuilding comes from the bankrupt Karmsund Maritime…