News

South Korea?s steel manufacturer, Posco, the world's fourth-biggest steelmaker, said it's interested in acquiring Daewoo Shipbuilding & Marine Engineering (DSME). "We are looking with interest on a takeover but nothing has been…

The Hamburg based shipping company E.R. Schiffahrt has put another container ship into service. The "E.R. Toronto" is a super-post-Panamax newbuilding with a container capacity of 8,204 teu. This is part of…

Aker Yards and Damen Shipyards Group have finalized the process of establishing joint ownership of the Damen Shipyards Okean in Ukraine, as announced on June 2 2006. The plans involve increasing the…

Singapore?s Ezra Holdings Limited said its wholly-owned subsidiary, Lewek Shipping Pte Ltd, has awarded a contract to Labroy Shipbuilding Offshore Ltd for the building of a 92.3 metre accommodation work and crane…

Jiangsu Shipbuilding clinched four 4,250TEU container ships from Schlueter at a price per unit of around $59 million. They will be delivered during 2009.Oltmann in Germany placed an order for four 4,250TEU…

The Greek shipping company Eletson has signed a newbuilding contract with Hyundai Mipo Dockyard in South Korea for the construction of four 52,000 dwt hi-spec medium range product tankers. The vessels are…

SembCorp Marine in Singapore has reported a 69% year-on-year increase in its first half profit to over $62 million. For the second quarter alone, its net profit rose 66% to nearly $37…

Cosco Shipyard Group (CSG), China?s largest shipyard company, is expanding three of its seven shipyards at a cost of $113 million in order to boost its capacity in China. The expansion of…

Quintana Maritime Limited based in Greece took delivery of its first Kamsarmax bulk carrier ?Iron Vassilis? from the Japanese shipbuilder Tsuneishi. The 82,257 dwt newbuilding is on charter to Bunge S.A., a…

Venezuela's state-owned Petroleos de Venezuela (PDVSA) has signed a letter of intent with Brazilian construction company Andrade Gutierrez to build a shipyard in Venezuela in order to strengthen the maritime transportation system.…

ShipConstructor Software Inc. (SSI), developer of the leading AutoCAD-based 3D product modeling and production planning software suite ShipConstructor, has released their latest software version ?ShipConstructor 2006?. Their ?Database Driven Relational Object Model?…

Hellespont Hammonia, a joint venture between the Piraeus-based Hellespont Group and the Hamburg shipowner Peter Doehle Schiffahrts KG, has completed the naming of the Hellespont Pride, one of six tankers under construction…

Venezuelan state oil holding Pdvsa on Wednesday informed that Argentine shipyard R?o Santiago (ARS) started, together with Pdvsa marine affiliate PDV Marina and Venezuelan Dikes and Shipyards (Dianca), the construction of the…

Spanish shipbuilder Construcciones Navales del Norte (CNN), the successful bidder for the assets of Sestao's La Naval shipyard in Bilbao, forecasts earnings of 200 million euros a year over the next five…

Tsuneishi Shipbuilding in Japan clinched five 5,100 unit car carriers from a domestic ship owner for delivery by the first half of 2009. Three of the five vessels will be operated by…

Hyundai Mipo Dockyard in South Korea clinches four 52,000DWT product carriers from Greek owner Eletson. Total contract price is $184 million and all will be delivered by April 2010.

Jessop & Co, part of the Ruia Group in India, is planning to acquire about 1,500 acres in Haldia, West Bengal, to set up a dry dock for a ship-building and repairing…

Acquisition plans for the U.S. Navy?s Littoral Combat Ship (LCS) program could fall one year and two ships behind if the Senate Appropriations Committee?s recommendations are passed by the full Congress.The committee…

Canadian Shipbuilding & Engineering Ltd. (CSE) has suspended its shipbuilding operations after announcing plans to restructure under the Bankruptcy and Insolvency Act. CSE operates Port Weller Dry Docks and Canal Marine in…