News

Amid global newbuilding order drought, just nine newbuilding orders were placed in March worldwide amounting to 0.2m cgt and 0.7m dwt . A total of 26 contracts of 0.5m cgt and 1.3m…

Finnish marine engine maker Wärtsilä has reported ?51m ($68m) in engine cancellations from its ship power division during the first quarter 2009, and said a further ?1bn of orders could be axed.…

Three Japanese companies, Mitsubishi Heavy Industries, Ltd. (MHI), Nippon Yusen Kabushiki Kaisha (NYK Line) and Mitsui & Co., Ltd., have signed an agreement with United Industrial Corporation (OPK), one of Russia's largest…

ExxonMobil has sent out tender documents to shipowners and yards for up to five LNG newbuildings to serve its Papua New Guinea (PNG)-based liquefaction project. Shipbuilding sources say they are reviewing a…

During a Transportation Safety Board of Canada accident investigation, the agency found that safety significant information is often no longer kept on a vessel due to a change in management. The Board's…

Orders for new ships tumbled 45.2% to the equivalent of 6 .7 million cgt in fiscal 2008, according to data released by the Shipbuilders' Association of Japan. With shipping firms less willing…

Kanasashi Heavy Industries in Japan, which filed for court protection under Japan's Corporate Rehabilitation Law, will continue for the time being to construct the three newbuildings currently being outfitted, and two ships…

According to local newspaper reports, China Academy of Telecommunication Research (CATR) of the Ministry of Information Industry (MII), the main agency in charge of industrial and information communication in China, disclosed late…

A prototype satellite-based radio messaging system for relaying weather warnings in remote areas is set to be tested as part of the Interferry/IMO joint initiative to reduce ferry fatalities in developing nations…

Hamburg-based shipyard Sietas Werft has signed a newbuilding contract with Föhr-based ferry operator Wyker Dampfschiffs-Reederei. The vessel will be able to carry about 1,200 passengers and 75 cars and will be employed…

A P Moller-Maersk will cut the emission levels on a new series of container ships presently under construction at the Korean shipyard Daewoo Heavy Industries. The series of 16 ships will be…

Brazil's oil major Petrobras visited South Korea on 20 April and held a presentation meeting on its giant oil development project revealing that it will place orders for eight FPSOs and seven…

The maritime services network Wilhelmsen Ships Service (WSS) is implementing an initiative that recognises the high level of newbuildings completing in 2009, known as "Solutions for a Lifetime". It focuses on the…

The AHTS 'Sea Eagle 1' was recently delivered from Jaya Shipbuilding & Engineering Pte Ltd in Singapore. Deep Sea Supply Plc has a 15 month firm bareboat charter agreement with owners, Java…

Failure to take the bold steps required to eliminate unwanted containerships will drive some lines out of business. That is the verdict of Drewry Shipping Consultants in a report that urges ocean…

Swedish company Alfa Laval has today announced the introduction of a new bilge water treatment system, known as PureBilge. The system is claimed to exceed IMO requirements using only a single centrifugal…

China?s National Development and Reform Commission approved a 20 billion yuan ($2.9 billion) shipbuilding-industry investment fund. The fund will have a registered capital of 200 million yuan, of which 100 million yuan…

Hitachi Zosen has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD already held…

The establishment of the United Shipbuilding Corporation in Russia is now completed with a total of 33 companies in the field of ship design and shipbuilding included in the new grand state…