Month: August 2008

Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF…

SAFEDOR (Design, Operation and Regulation for Safety) is about to complete its four years R&D programme. This integrated project (IP) is funded by the European Commission under the 6th RTD Framework Programme,…

Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are expected to select a preferred bidder for the shipbuilder in October. According to industry sources, the state-run Korea Development Bank (KDB) started a…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has reached an agreement with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City,…

The potential bankruptcy of Polish shipyards will not only affect those employed locally, but also the fall of some 800 mid-sized companies, both domestic and international, employing 100,000 workers.If the EC declares…

Guangzhou Shipyard International (GSI) has agreed to buy Guangzhou Wenchong Shipbuilding from its parent and the mainland's biggest shipbuilder China State Shipbuilding Corp (CSSC) for 3.04 billion yuan as part of a…

Romania?s struggling shipbuilding industry is under the spotlight after South Korea?s Daewoo Shipbuilding and Marine Engineering cancelled a large containership order. The $620 million contract for eight 4,250 TEU ships was placed…

Taiwan?s container liner Evergreen Marine's parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions. Evergreen had intended to form a shipbuilding joint venture…

Israel Shipyards (ISL) recently delivered of a general cargo ship to a German customer. The vessel was built under contract to deliver two general dry cargo ships worth $28 million. The single…

Italian-based Siba Ships, the world?s leading maritime livestock transporting company, has placed a $250 million order for two livestock carriers to be built at Croatia?s Uljanik yard. The new vessels will carry…