News

Korean shipbuilders are diversifying and introducing new advanced shipbuilding technologies to continue growing in a hostile business environment. Samsung Heavy Industries recently completed construction of the world?s largest semi-submersible offshore oil rig,…

Qingshan shipyard of China Changjiang Shipbuilding Industry in Wuhan officially delivered its first 57,000 dwt bulk carrier which will be exported to Greece this month. It is the largest ship built in…

Hyundai Heavy Industries aims to win $21.1 billion worth of orders this year, down 33% from last year's figure. Last year, the shipbuilder clinched orders valued at a record $28.2 billion, up…

According to the latest statistics, global shipbuilding industry signed only 193,000 DWT new ship deals in February down by 98.4% year on year reaching merely 1.5% of the single month's volume in…

Creditors of C&Heavy Industries Co. said they have terminated a three-month debt workout program for the beleaguered small shipbuilder in South Korea and will make a final decision next week. The creditors,…

Canada's Atlantic Towing has forged a long-term charter deal with EnCana Corp that will see it build an offshore supply vessel (OSV) at Halifax Shipyard. Atlantic, the vessel operating subsidiary of Irving…

Workers at the Keppel Cebu Shipyard, Inc. are protesting against a management decision to enforce job rotation. Management, however, was unaware about the protests and was under the impression that the workers,…

The Odense Steel Shipyard in Denmark had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has…

The consequences of the global financial and economic crises have now reached ThyssenKrupp Marine Systems. The yard has been informed by the client that the banks are not going to finance the…

A three-year research project initiated by DNV has led to the development of an ice load monitoring system that provides bridge personnel with real-time information about the actual ice loads on the…

Chinese shipowner Sinotrans Shipping Ltd said it would invest a total of $388 million in new ships over the next three years in anticipation of a better outlook for 2009. "Given the…

A steel cutting ceremony of the first F22P Frigate being built for the Pakistan Navy was held recently at the Karachi Shipyard and Engineering Works (KSEW). The construction of the first Chinese…

Wärtsilä has signed a design and propulsion system order with Taiwan's Jong Shyn Shipbuilding for a product chemical tanker. The 6,500 dwt vessel, due for delivery in 2011, is for CPC Corporation…

Nordic Ferry Services in Denmark has placed an order with Austal Ships in Western Australia to deliver a ropax catamaran to operate on the route between R?nne, on the Danish island of…

Lindo shipyard in Denmark, which recently deleted two bulk carriers of the already small order book, entered 2009 with a deficit of DKK 562.3 million. While this was an improvement compared to…

Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to…

Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St.…

Wärtsilä in Finland has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSVs (Field Support Vessel) which will be built…

With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a…

Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for…