Month: April 2008

China's first domestic built LNG carrier successfully completed its sea trials and was recently handed over to China LNG Shipping Holdings Co, a joint venture of China National Offshore Oil Corp. (CNOOC),…

Greek shipowners have continued their stance of wait-and-see approach regarding newbuilding orders during March according to the latest report by shipbroker George Moundreas & Co. Only 17 vessels were contracted in March…

The Siemens Industry Solutions (IS) Division is two equip two further cruise ships of AIDA Cruises with electrical and automation systems based on the Siship PAX platform. The order was received from…

Hyundai Heavy Industries (HHI) has won a $300 million order from Korea Lines to build two VLCCs for delivery by the end of 2010. The South Korean shipbuilder is set to start…

FBMA Marine Inc. (FBMA), the Aboitiz-owned shipbuilder based in Cebu, Philippines has signed a new building contract with Wightlink, Portsmouth UK. The order is to design and build two new 41m medium…

Emerging South Korean yard Sungdong Shipbuilding & Marine Engineering is moving into the VLCC sector. According to local South Korean newspapers, Sungdong on 28 March concluded a contract with a European operator…

South Korea?s POSCO is considering a rise in steel prices, easing fears that rising raw material costs will hit its earnings, and lifting its shares to a four-week high. The company, the…

The concept of Micro-SECAs has been dropped as work proceeded this week at the International Maritime Organization (IMO) to revise MARPOL Annex VI. It formed part of ?Option 3 Global/Regional with Micro-Area?…

The US Navy is moving forward with construction of a new type of smaller, speedy warship after upending the program by canceling contracts last year, officials said.The Navy's formal requests for proposals…