Month: February 2009

The Eletson Corporation enters a new market sector with the delivery of their first ever liquefied petroleum gas (LPG) carrier. Built at Hyundai Mipo Dockyards (HMD) in Korea, the ship marks a…

Croatia?s Atlantska Plovidba, the bulk and heavy lift shipping company, has altered several contracts to lower company expenditure during the economic downturn. The Zagreb-listed owner has cancelled two of four Panamax orders…

It is reported that STX Shipbuilding in South Korea is planning to sell part of its stake in STX Europe in order to recover some of the cost of the takeover. Last…

The Maltese government's Privatisation Unit has received bids for all the 4 units of Malta Shipyards. The call for bids closed on Thursday and, in all, 23 companies had shown interest and…

German shipbuilder Wadan Yards has received further financial assistance, this time a grant from the state of Mecklenburg-West Pomerania to extend the length of the loan it was granted at the end…

Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu. The expansion, which requires an additional…

South Korean trading company Hyundai Corp. said its shipbuilding unit in China won a $120 million order to build 10 vessels for a Russian company. The dry cargo vessels, which will be…

According to the BarentsObserver, the Russian government believes its powerful shipbuilding industry should concentrate on the construction of civil vessels and the establishment several new federal shipyards. Icebreakers and specialized vessels, offshore…

China's State Council has approved a stimulus package for the country's shipbuilding industry in a bid to help the emerging sector weather the global economic downturn. The government will encourage financial institutions…

The maritime research project on the significance of risk-based design and approval has been concluded after four years of intensive study. The multinational research project SAFEDOR (Design, Operation and Regulation for Safety)…