Month: May 2009

Western Marine Shipyard in Bangladesh, has recently signed a contract with Finland?s Lamor Corporation to build a floating reception vessel and pontoon barge and gangway foundation. The vessel will eventually be handed…

Teesside's ship recycling centre has welcomed its latest vessel, a 469 tonne former trawler. The 'Viking Vulcan', which was converted to an oil rig supply vessel, has been towed to the Tees…

Omega Navigation Enterprises, Inc., a provider of global marine transportation services focusing on product tankers, has taken delivery of the first of its seven 47,000 dwt newbuildings, the 'Omega Duke'. In May…

German shipbuilders are facing difficult years due to cancellations and a lack of orders, the country's shipbuilding association VSM warned yesterday at its annual meeting. "The majority of shipyards will not be…

STX Offshore & Shipbuilding (STX O&S) of South Korea has received an order for a next generation naval trials ship from Agency for Defence Development (ADD) at a cost of KRW 43bn…

It seems that following in the footsteps of their South Korean counterparts, Chinese shipyards have resumed marketing activities for newbuildings. Major yards in South Korea had, this spring, reactivated sales drives for…

Shipping lines will most likely be unable to raise rates above break-even levels in the next two or three years, analysts at the Credit Suisse Group have said. The Baltic Dry Index…

Chinese shipyards are charging penalties to international owners who wish to defer delivery of new ships and are filling the resulting spare capacity with cut-price domestic contracts. At this stage the strategy…

ABS has issued a new guide intended to provide supplementary requirements for the application of higher-strength, thick steel plates, greater than 51 mm, within the structure of large container carriers. The requirements…

Russian prime minister Vladimir Putin announced that the landmark Amur shipyard in the far east of the country is to be taken back into state hands. Putin announced the transfer of a…