News

The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place…

Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and…

Mitsui O.S.K. Lines Ltd. (MOL), the world?s largest operator of iron-ore carriers, has halted orders for new ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers…

The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the…

Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea…

A Global Industry Alliance (GIA) has been launched to tackle the threats of marine bio-invasions caused by the transfer of alien plants and animals in ship ballast tanks. The Alliance, made up…

Justice and home affairs ministers last week rubberstamped six legislative proposals of the EU's third maritime safety package, which aims to reduce maritime accidents and pollution in Europe. The package, tabled by…

Orders of only nine ships were made in January worldwide, a meagre 6% of last year's 151 ships, according to the London-based shipbuilding industry research company Clarkson. Four went to Korea and…

The Canadian government's on-again, off-again plan to build new midshore patrol vessels for the coast guard appears to be on again. The federal government quietly scuttled a plan last summer to build…

China said its 8% growth target for this year is within reach even as the worst financial crisis since the Great Depression hammers economies worldwide. Liu Tienan, vice chairman of the National…

Swiss-based Allseas Group has awarded the complete detailed design of their Pieter Schelte project to the Finnish consulting and engineering company Deltamarin Ltd. The total volume of the contract is about 200…

Malta's government plan to recoup a reported ?49 million paid in early retirement schemes appears to have foundered, as bids for the Malta Shipyards have fallen short of this figure.Sources privy to…

Under a contract announced by the UAE Armed Forces, Abu Dhabi Ship Building (ADSB) is to construct twelve new boats for the UAE Navy and retrofit twelve existing boats. The contract calls…

Shipyards in Japan reported 69% fewer orders in January and forecast a third year of declines in 2009 as the global recession slashes demand for new vessels. According to the Japan Ship…

State-run Shipping Corp. of India Ltd (SCI) has scrapped a tender to buy four dry bulk cargo carriers as demand for ships declines in the face of a slowdown in global trade.…

The shipping and finance ministries are set to resolve a 17 month-old dispute over subsidising shipbuilders on confirmed orders that were considered ineligible for a five-year scheme which ended on 14 August…

The Alaska Marine Highway System (AMHS) recently announced a ferry acquisition project which calls for the design and construction of the next generation Alaska-class of ferries to begin replacing ageing ships currently…

According to Binali Yildirim, Transport Minister of Turkey, Turkey is expected to finalize a rescue package for the country?s shipbuilding sector by the end of February. As per report the ministry is…

The China Daily has reported that China?s shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and…

Korean shipbuilders rank Nos. 1 to 3 in sales but they are also being buffeted by the global economic storm. The plight of Korean shipbuilders has hit Korea hard, an exports-driven country…