News

The European Commission has ordered Hellenic Shipyards to pay a ?230 million ($363 million) subsidy back to the Greek government with interest, saying the money gave the company an unfair commercial advantage…

Hong Kong-based Jinhui Holdings has ordered a 38,000 dwt handysize bulk carrier from Japan's Naikai Zosen at a cost of Yen4.5bn ($42.3m). Delivery is scheduled in 2012. Last week the bulker operator…

The updated software tool GL ShipManager 2.0 improves the efficiency of shipping operations and ensures compliance with industry requirements as well as internationalregulations. Simplifying and automating the administrative workload for a ship…

Damen Shipyard in The Netherlands has confirmed that, following an order for six Damen Stan Tugs 1606 and four Damen Fast Crew Suppliers in 2006 and 2007, Jan De Nul has placed…

Maersk Line reports that parent A.P. Moller--Maersk has signed an agreement with Daewoo Shipbuilding and Marine Engineering in Korea for the delivery of 16 container vessels in 2010-12. The announcement comes 10…

Wärtsilä has acquired the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition…

The China State Shipbuilding Corporation (CSSC) plans to turn its subsidiary, the Jiangnan Heavy Industry (JHIC), into the biggest specialized marine equipment and ship fitting supply base in China in the next…

China State Shipbuilding Corp (CSSC) is putting its entire 100% stake in Guangzhou Wenchong Shipyard Co Ltd up for sale, with expected price set at RMB 3.041 billion ($443 million). Industry analysts…

Martin Lorenz, tanker division chartering manager for Torm, said long range tankers had been slowed from 16.5 knots to 14.5 knots which has reduced fuel consumption from 55 tonnes to 40 tonnes…

Samsung has won a 1.58 trillion won ($1.5 billion) order from Kuwait's United Arab Shipping Co. (UASC) for nine large container vessels, the biggest order for both companies. The first of the…

Rickmers-Linie, the Hamburg-based specialist in the global transportation of breakbulk, heavylift and project cargo, has increased from ten to 14 the number of multi-purpose heavylift newbuildings for its expanding liner service network.…

Italy's minister for economic development Claudio Scajola aims to list state-owned shipyard Fincantieri SpA "if possible by the fall", according to a report in Sunday's La Stampa that quoted the minister. The…

The Polish government has met an EU deadline for plans on restructuring three shipyards, the treasury minister said on Friday. The shipyards at Gdansk, Gdynia and Szczecin received state subsidies after Poland…

Australian fast-vessel builder Austal Ships Pty Ltd. has prolonged its long-standing technical and commercial partnership with classification society Germanischer Lloyd (GL). Austal shipyard entrusts GL exclusively with the newbuilding classification of all…

A 50.4% stake in DSME is due to be put up for sale later this year and Doosan Group?s expected bid for a controlling stake in South Korea?s Daewoo Shipbuilding and Marine…

Japanese shipping company NYK Line has pledged to invest millions of dollars in cutting its overall emissions even as it plans a substantial fleet expansion. According to the company's corporate social responsibility…

The maritime industry needs to be proactive, not reactive, to issues facing it and shouldsee new challenges as opportunities and not as threats, according to Dimitrios Theologitis, head of unit, Maritime Transport…

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a contract from the Norwegian drilling and production contractor Larsen Oil & Gas to build a deepwater semi-submersible drilling rig at a…

The European Commission has refused to extend the deadline for the privatisation and restructuring plan for three Polish shipyards. EC Spokesman Jonathan Todd confirmed that today marks the deadline for Poland to…

Enel SpA is in talks with Norway's Hoegh LNG to jointly develop a floating liquefied natural gas (LNG) ship, a Hoegh spokesman said. "I can confirm Enel is one of the parties…