News

Dubai Drydocks World (DDW), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a Chinese shipyard for $55 million. The acquisition will be…

Trade union members at Appledore Shipyard in the UK say they want the same money as workers at other Babcock International-owned yards involved in Britain's new aircraft carriers. The Appledore yard is…

Havyard Solstrand shipyard in Norway has filed for bankruptcy after the banks removed their funding. The yard, which is owned 80% by the Havyard Group is fighting for its long term future…

South Korea's steelmaker POSCO may be able to join a fresh bidding for Daewoo Shipbuilding & Marine Engineering if a prime bidder is not chosen later this week, the chief of Korea…

Drydocks World, a unit of Dubai World, will develop a $300 million marine services centre on Indonesia's Batam Island as the company expands its ship repair and fabrication business in Southeast Asia.…

The South Korean yard of C& Heavy Industries (C&HI) was in dire trouble prior to the current global financial turmoil and is now struggling to offload assets to appease debtors. No one…

Ocean Wilsons Holdings Ltd. (OWH) reaffirms its growth strategy by investing in the construction of a new shipyard in Rio Grande. The company said Conselho de Autoridade Portuia (CAP), Rio Grande do…

GE Marine announced that its LM2500+ marine aero derivative gas turbines have been selected by Northrop Grumman Shipbuilding (NGSB), Pascagoula, Miss., to power the US Navy?s new LHA 6 amphibious assault ship.…

According to Bao Zhangjing, chief researcher from China Ship Marketing Research Centre, "Against the background of global economy recession, cancellation of new ships has already aroused serious attention from shipbuilding industry all…

A two-way competition is poised to heat up between Hyundai Heavy Industries and Hanwha Group for the acquisition of Daewoo Shipbuilding & Marine Engineering Co., with a final winner likely to be…

EU competition chief Neelie Kroes has rejected Polish restructuring proposals for the state-controlled yards of Gdynia and Szczecin and the privatised Gdansk yard, a move which would bankrupt them. Instead, Kroes is…

A "new look" Arab Shipbuilding and Repair Yard Company (Asry) is to undergo a $188 million expansion over the next 30 months. Asry chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa…

ABS, ConocoPhillips, Sovcomflot, and Samsung Heavy Industries (SHI) are jointly participating in a pioneering study measuring the effect of ice loads on Arctic class shuttle tanker performance. Owing to the newness of…

Two major players in the safety business are joining forces to help customers simplify their life raft compliance issues. Through this agreement with the Survitec Group, Wilhelmsen Ships Service is introducing Unitor-branded…

At the Intercargo Annual Meeting, asociation members endorsed the planned succession of Secretary General from Roger Holt to Rob Lomas with effect from today?s meeting, with Holt staying on for a further…

Norway-listed American Shipping Company (ASC) lacks financing for two out of 12 planned vessels, so it will change the sequence of construction at Aker Philadelphia Shipyard, the companies said.ASC said in a…

Croatia has decided to call tenders for the privatization of its shipyards, except for Uljanik, in the second half of November, said Minister of economy Damir Polancec. The offering price of the…

Hamworthy Moss AS has won a major contract to supply 10 nitrogen generator systems for a series of 47,500 dwt chemical carriers being built for IRISL by Hyundai Mipo Dockyard in Korea.…

Siemens has received an order worth just under 50 million euros to equip four German navy Class F125 frigates with propulsion equipment and integrated automation and control systems.The customer is AGE F125,…

State-run Shipping Corporation of India (SCI)has ordered two 4,400 TEU container ships from Hyundai Samho Heavy Industries. These newbuildings will be the largest container vessels under the Indian Registry. Earlier, SCI received…