Month: September 2008

German ship manager NSB Niederelbe has denied rumours of financial woes, insisting that the decision to cancel a $610m containership order with Daewoo Shipbuilding & Marine Engineering was taken based on high…

Vessels could be forced to reduce speeds to 12 knots within 24 to 40 nautical miles (nm) off the California coastline if the latest proposals by the California Air Resources Board (ARB)…

Northrop Grumman's Newport News shipyard has received a $5.1 billion contract to build the next generation aircraft carrier 'Gerald R. Ford', marking a major milestone for both the yard and the U.S.…

Chinese shipbuilder China Shipbuilding Industry Corporation (CSIC) has gained approval from the National Development and Reform Commission (NDRC), China's top economic planner, to issue CNY 3.5 billion ($ 512.5 million) in corporate…

The Dublin-based research company Research and Markets has recently produced a report on the Chinese shipbuilding industry entitled "In-depth Analysis of China's Shipbuilding Industry 2008". In this report Research and Markets states…

POSCO and three other South Korean companies submitted their formal bids yesterday for Daewoo Shipbuilding & Marine Engineering. Korea Development Bank (KDB) said it will pick a preferred bidder in October after…

Southampton councillors have approved a plan to allow US yacht builder Palmer Johnson to begin manufacturing superyachts on the former VT shipyard in Woolston. Local officials say the Palmer Johnson facility would…

Poland's cabinet approved yesterday a rescue plan for its debt ridden shipyards but workers and opposition politicians said the proposal would trigger large job losses and harm support among Poles for the…

Dubai is studying plans to build a $200 billion mega-canal that would allow oil tankers to bypass the Strait of Hormuz. The Gulf emirate is understood to be considering the idea as…

Wilson, Sons logistics company will invest $40 million in the expansion of its shipyard in Guaruj?, on the coast of S?o Paulo in Brazil. The initiative still depends on environmental authorizations. "The…