Month: March 2009

Lloyd?s Register Asia today opened its first dedicated marine surveyor training centre in Shanghai, assuring that the Group?s global marine team will continue to deliver the high technical standards demanded by the…

Fledgling South Korean yard SNC Shipbuilding is reported to have succumbed to financial difficulties, closing its doors prior to launching even a single completed vessel. The yard, which was expected to cost…

Singapore-based Hallin Marine Subsea International has backed out of a contract after the shipyard was unable to secure refund guarantees. Shipbuilder Marco Polo Marine in Batam confirmed that the $51 million contract…

Shipbuilding protectionism at compatriot shipyards is abruptly spreading around the world particularly in developing countries such as Brazil, Russia, India, China, Vietnam and Qatar. Brazil has limited the bidders to domestic shipyards…

The crisis-ridden Wadan Yards in Wismar and Rostock-Warnemünde have received new shipbuilding orders totalling ?1bn. Wadan Yards' Russian co-owner Andrej Burlakow announced that four passenger ships, each worth ?250m, would be built…

The Liberian Registry has passed a major milestone in its history by registering its 3,000th vessel, the newly built 105,400 DWT Aframax tanker Ise Princess for Fairsea Enterprises SA and managed and…

Bahamas Ferries recently took delivery of a 41m by 12m catamaran, the Bo Hengy II, from Aluminium Marine of Queensland. Built to a design by Oceanic Yacht Design, also of Queensland, the…

STX Shipbuilding agreed to help build a $1 billion shipyard near the Baltic Sea port of Primorsk, Russia's biggest oil terminal, according to a statement by investment company Summa Capital. The shipyard…

Petroleum Geo-Services ASA and its subsidiary Arrow Seismic Invest II Ltd. have exercised their right to cancel a high-capacity seismic newbuilding under construction at the Factorias Vulcano shipyard in Spain. Hull number…

Researchers at London?s Clarkson shipbroking agency said that newbuilding prices plummeted again in January and would continue to fall. The price of newbuild ships fell by 6.1% in January. In the price…