News

Amsterdam-based Seaarland Shipping Management has ordered three 165,000 dwt Suezmax tankers to be built at Hyundai Heavy Industries, South Korea, for deliveryin the 2nd, 3rd and 4th quarter 2011.

Wärtsilä has acquired the German company Claus D. Christophel Mess- und Regeltechnik GmbH (CDC), which specializes in the design, delivery and service of automation systems for ship owners and yards. The company…

A key link in the plan to provide effective search and rescue (SAR) coverage off the coast of Africa has been completed with the commissioning, by IMO Secretary-General Efthimios E. Mitropoulos, of…

Rising crude oil prices and tighter environmental regulations are moving the shipping industry into an era of ever higher bunker prices, the Sustainable Shipping Forum in Singapore has been told. Robin Meech,…

A new diesel-electric icebreaker, ?Sankt-Peterburg? has been launched at the Baltic Shipyard in Russia. The construction is carried out under the survey of Russian Maritime Register of Shipping (RS). This multipurpose icebreaker…

The world's largest container liner Maersk Line is backing slower steaming as a response to rising bunker costs. Slow steaming is an efficient way to reduce bunker consumption, lowering operational costs as…

Rem?y Shipping has signed a contract with Ulstein Verft for the building of two eco-friendly platform supply vessels (PSV) of Ulstein PX105 type designed by Ulstein Design with future oriented products and…

Hyundai Mipo Dockyard has won a 121 billion won ($117 million) deal to build two chemicals carriers for a European shipping company for delivery by December 2011.

The European Commission said on Thursday it is preparing to demand the repayment of Polish government aid to the Gdynia and Szczecin shipyards, while Warsaw signaled it needed more time to find…

Colombo Dockyard, Sri Lanka's sole listed ship builder, said its March quarter net profit went up 22.5% to 245 million rupees from 200 million rupees a year ago. Revenue rose 49.6% to…

Noreq AS, the Norwegian manufacturer and supplier of maritime deck equipment, has acquired the Bergen-based davit manufacturer Crevi Davit AS. The acquisition strengthens Noreq?s focus on the development of maritime equipment, particularly…

The Jan De Nul Group in Belgium has signed contracts with Tianjin Xinhe Shipbuilding Heavy Industry Co Ltd in Tianjin, China, for the construction of five work boats. The workboats are similar…

The KG Maritime Shipping consortium which has a 70% stake in Bulgarian national maritime carrier NMB, will add to the fleet 25 new vessels over the next decade, The initial talks will…

STX Shipbuilding in South Korea reports that it has succeeded in developing a 22,000 TEU containership making it the worlds largest of its type. The containership is 460m in length, 60m in…

Daewoo Engineering & Construction Co. has won a 277 billion won ($264 million) order from the Omani government to build a ship repair yard and dry dock complex in southeastern Oman. The…

The shipping arm of Brazil's state oil company Petrobras launched an expanded second phase of its tanker order with planned tenders for 23 vessels, including four Suezmax and three Aframax carriers. The…

Jurong Shipyard in Singapore, a wholly-owned subsidiary of Sembcorp Marine, has secured a Letter of Intent (LOI) from Seadrill Limited to build a deepwater semi-submersible drilling rig at a turnkey contract value…

Danish shipping group AP Moller Maersk is to launch a cost-cutting programme at its Odense shipyard that could jeopardise jobs as it seeks to stem mounting losses. "The shipyard is still operating…

As government, the management, and the workers? union blame each other for the failure of the Malta Shipyards to become financially viable, the fate of this state company, one of Malta?s largest…