News

The Tognum Group in Germany and the Swiss company Hug Engineering AG have agreed on a joint venture for cooperation in the field of exhaust after treatment. The new company will be…

Aker Yards shipbuilding said last Friday that a $1.3-billion bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results.The group reported…

Malta?s privatisation unit is offering the shipyards on a 30 year lease and the call for expressions of interest does not specifically limit the use of the assets to shiprepair. It does…

The Chamber of Shipping (CoS) hosted a meeting of its members to consider the merits of market-based instruments which could help shipping reduce its carbon emissions. The CoS has endorsed the need…

Dutch shipping companies Wagenborg Shipping, Flinter Management and Amasus Shipping will investigate the social, legal and technical possibilities of shore support for short sea ships. This will improve ships? safety and stimulate…

Dutch towage and salvage specialist Multraship and Hamburg-basedFairplay Towage have joined forces to create a platform for expansion.Under the agreement Fairplay BV, the Dutch arm of the Fairplay group,will take a 50…

MISC Bhd in Malaysia has ordered eight new 45,000 dwt chemical/product oil tankers worth a total of $430 million from South Korean shipbuilder SLS Shipbuilding Co Ltd. The first three units will…

Daewoo Shipbuilding & Marine Engineering in Korea has won $1.46 billion (HK$11.38 billion) contracts from two US customers. DSME received an order to build a semi-submersible drilling rig from an unidentified US…

Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme. This money will finance the existing vessels already on order and the purchase of…

P&O Ferries has signed a ?360m contract with Aker Yards for the two largest ferries ever to be constructed for the Dover-Calais service. The first of these ships will enter service in…

SAFEDOR (Design, Operation and Regulation for Safety) is about to complete its four years R&D programme. This integrated project (IP) is funded by the European Commission under the 6th RTD Framework Programme,…

Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are expected to select a preferred bidder for the shipbuilder in October. According to industry sources, the state-run Korea Development Bank (KDB) started a…

Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF…

The potential bankruptcy of Polish shipyards will not only affect those employed locally, but also the fall of some 800 mid-sized companies, both domestic and international, employing 100,000 workers.If the EC declares…

Guangzhou Shipyard International (GSI) has agreed to buy Guangzhou Wenchong Shipbuilding from its parent and the mainland's biggest shipbuilder China State Shipbuilding Corp (CSSC) for 3.04 billion yuan as part of a…

Romania?s struggling shipbuilding industry is under the spotlight after South Korea?s Daewoo Shipbuilding and Marine Engineering cancelled a large containership order. The $620 million contract for eight 4,250 TEU ships was placed…

Israel Shipyards (ISL) recently delivered of a general cargo ship to a German customer. The vessel was built under contract to deliver two general dry cargo ships worth $28 million. The single…

Taiwan?s container liner Evergreen Marine's parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions. Evergreen had intended to form a shipbuilding joint venture…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has reached an agreement with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City,…

The shipbuilding process for Pure Car/Truck Carriers (PCTCs), the next- generation ship that Hyundai Mipo Dockyard (HMD) has recently made one of its main products, is proceeding smoothly. HMD held a meeting…