News

Leading fuel testing company Lintec Testing Services says it has had a massive response to its revolutionary new service to screen bunkers for chemical contamination. Over 300 vessels have signed up for…

Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Simek AS, Flekkefjord, for the building of an anchor handling tug supply vessel for delivery in April…

The future of the museum ship Cutty Sark in Greenwich, UK, has been safeguarded following a grant of £11.25 million from the Heritage Lottery Fund which will enable the old tea clipper…

Refurbishments will bring Service Improvements for Nanaimo-Horseshoe Bay The Queen of Oak Bay, which plies on BC Ferries' Nanaimo-Horseshoe Bay route in British Columbia, Canada, is undergoing an extensive, six-month upgrade at…

Spain and Brazil have become the first states to sign the International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004.The Ballast Water Convention contains measures to prevent…

Harland and Wolff is gearing up for a second year of substantial business growth following a successful 2004 which saw ship repair and conversion work increasing by 60%. The Belfast shipyard is…

German Economy Minister Wolfgang Clement said European shipbuilders aren't ready to merge with their German counterparts as many are still government-controlled. "The potential partners are not yet advanced enough,"' Clement told reporters…

Samsung Heavy Industries has developed SORAS (Samsung Optimum Routing Assessment System), a system that will give safer routing for ships while also saving fuel. It took 3 years to develop SORAS and…

Harsh environmental conditions make the complex tasks associated with oil recovery and well maintenance from certain oilfields in the North Sea extremely challenging, often resulting in oil recovery rates 20% below what…

With reference to earlier press releases on the issue of Norsk Hydro's reason for cancellation of their Letter of Intent to Farstad Shipping, fuller details have now emerged. According to Norsk Hydro…

The China Shipbuilding Industry Corp. (CSIC), the largest shipbuilding company in China, received more than six million tons of new ship orders in 2004, ranking first in domestic shipbuilding companies. Li Changyin,…

The Brazilian state-controlled oil company, Petroleo Brasileiro (Petrobras), is rumoured to be requesting bids from 12 domestic shipbuilders to build as many as 42 oil tankers at a cost of $1.9 billion.

BAE Systems is reported to have put back moves to make 100 drawing office jobs redundant following discussion between management and the Ministry of Defence about packages of work to absorb some…

Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the…

Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The…

Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date.…

Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process…

The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has…

Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt,…

A new ultra Handymax bulk carrier design has been developed by the Japanese shipbuilder Oshima featuring a Panamax beam and draught but maintaining a Handymax length. The 60,000dwt design has a length…

Viet Nam is an important partner for Poland?s development strategy, said Polish Prime Minister Marek Belka at a business forum held by the Viet Nam Chamber of Commerce and Industry at the…

Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard,…

The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller…