News

Samsung Heavy Industries has received a contract worth $1.44 billion to build two deep-water oil exploration drill ships. The deal with a European client calls for delivery by March 2012 and the…

Shipbuilding cancellations hit plate market According to a recent report from World Steel Dynamics, perhaps 300 contracts to build capsize and Panamax vessels may be cancelled and some new shipyards may close.…

Hyundai Heavy Industries said that its orders sank 57% in October from a year earlier on falling demand for new ships, reflecting a declining shipbuilding cycle. The orders received last month fell…

Jotun, the Norwegian paint manufacturer, has introduced a new self-smoothing and self-polishing hydrolysis antifouling coating based on the unique silyl acrylate technology. Called SeaMate, it is a TBT free antifouling, fully complying…

Wärtsilä is to establish a new centralised environmental products know-how unit. Termed Delivery Centre Ecotech (DC Ecotech), the unit will focus on developing and delivering environmental technologies, as well as products for…

Alan Haig-Brown has recently put up a new web page for mariners who visit or work the Pacific Coast of America. It is really a blog spot based on some of the…

Taiwan will release 51% stake in the state-run CSBC Corporation (China Shipbuilding) by the end of this year, marking it the largest initial public offering for 2008 so far. Fubon Securities Co.…

The Louisiana-based Edison Chouest Offshore (ECO) is establishing an operation at the Port of Tampa, buying the Tampa Bay Shipbuilding & Repair Co.'s lease and retaining its 500 employees with plans to…

Today sees the Cammell Laird name return to its historic Birkenhead shipyard home in a move the yard?s owners say could help them win new business from around the world. Cammell Laird,…

Seaspan takes delivery of another feederSeaspan Corporation has accepted delivery of the 'CSCL Santiago', a 2,500 TEU newbuilding. The new containership, which was built by Jiangsu Yangzijiang Shipbuilding in China, expands Seaspan's…

Last Friday Korea Development Bank (KDB) signed a preliminary deal with Hanwha Group on the sale of a controlling stake in Daewoo Shipbuilding & Marine Engineering Co. (DSME). Starting next week, Hanwha…

Hyundai Mipo Dockyard has signed a $408 million order that revised up a 2007 contract to reflect changes to ship types. The South Korean shipbuilder had initially won a $373 million order…

Bangladesh claims it is set to be swamped with orders for small ocean-going ships in the coming years as major Asian shipbuilders are now fully booked and are either turning down orders…

Cargotec?s MacGregor business area has strengthened its position and sales activity-potential in Greece by signing a co-operation agreement with Piraeus-based company Oceanking Technical & Trading Ltd. Oceanking will be the sole representative…

Lower bunker prices are unlikely to reverse the current trend of slow steaming for container lines according to AXSMarine?s weekly analysis of the liner market. Bunker prices have seen a sharp decrease…

Hanjin Heavy Industries has not yet made a final decision on whether to drop its $2billion shipyard project in the southern Philippines. According to a Hanjin spokesman, the project is suspended but…

John Swire & Sons affiliate China Navigation has confirmed it has ?postponed? its first newbuilds for ten years. The six 40,000 dwt multipurpose vessels costing a combined $360m were put on hold…

Abu Dhabi Ship Building (ADSB), the only dedicated naval shipbuilding and repair facility in the Arabian Gulf, has been awarded a contract by the Bahrain Naval Forces to construct two 42-metre steel…

SAFEDOR is about to complete its four year R&D programme. To mark this event, partners of SAFEDOR will present the latest and overall results of their work at a public conference at…