News

Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation.…

The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said…

Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world…

BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for…

"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper…

Polish newspapers report that Abu Dhabi Investment Authority (ADIA), the world?s biggest sovereign wealth fund with estimated assets at $875 billion, is still interested in Polish shipyards. The Polish State Treasury received…

Wärtsilä has signed major contracts with Aker Yards AS S?viknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of…

Wärtsilä Corporation's logistics partner, CEVA Logistics, has been awarded the first Lean & Green Award 2008 in the Netherlands. CEVA Logistics won the award for their best practice example in designing a…

Some 300 workers from the ailing Polish shipyards have been protesting in Brussels, demanding their jobs be saved. The European Commission is closely involved in the future of the Gdynia and Szczecin…

Wärtsilä engines will power the world's largest ore carriers, 12 of which have been contracted by a Brazilian shipowner. This is the biggest order for Wärtsilä RT-flex82T low-speed engines, which is one…

Tanker shipping entered a new era of robust vessel construction recently when Shanghai Waigaoqiao Shipyard (SWS) delivered to Singapore?s Ocean Tankers (Pte) Ltd the first VLCC built to Common Structural Rules (CSR).Weighing…

Fincantieri has won an order to build a fleet tanker for the Indian Navy against strong competition from leading international players, especially from Russia and Korea. The vessel, which will be built…

At the opening day of the Euronaval Exhibition in Paris a major Alliance was announced between Italian shipbuilder Fincantieri and UK shiprepair, conversion and military support specialist NSL. Fincantieri is forming a…

Dubai Dry Docks Limited has bagged the project, for a ship yard along with a drydock in a 400-acre site adjoining the fishing harbour in Kakinada, Special Secretary to Andhra Pradesh government,…

Ships designed in Kochi, India, will soon sail the world?s oceans with the Cochin Special Economic Zone (CSEZ)-based centre of the Bahamas-based Smart Engineering and Design Solutions Limited (SEDS) completing the first…

Ship Recycling, a challenging aspect on the conscience of shipping, is finally being addressed by the Marine Environment Protection Committee (MEPC). The MEPC convened its 58th meeting and, amongst others, approved the…

The government of Malta is to extend its call for expressions of interest in the privatisation of Malta Shipyards by a week, until 3 November. The call is being extended in view…

A new private Chinese shipbuilder, Jiangsu Xiangshui Suncia Shipbuilding Industry, has confirmed it has exited the newbuild sector having failed to secure refund. The yard which was founded last year aimed to…

Singapore-based Keppel Offshore & Marine (Keppel O&M) is looking at options to expand its operations in Brazil to benefit from an expanded rig demand in the country over the next few years.The…

Hanwha Group was chosen by South Korea's state-run Korea Development Bank (KDB) as the preferred bidder for a controlling stake in Daewoo Shipbuilding & Marine Engineering. Chung In-Sung, deputy governor of the…