Month: June 2009

Japanese shipbuilders could yet be hit by order cancellations as the regional shipowning community based around the Seto Inland Sea prepares to pull out on verbal shipbuilding deals.The yards have been generally…

South Korea's first icebreaking research vessel ?Araon' has recently been launched at Hanjin Heavy Industries & Construction shipyard in Busan City. The research vessel is expected to be used for the exploration…

South Korea's STX Offshore & Shipbuilding has received newbuilding orders for the construction of a total of eight 50,400 DWT tankers (options for four units included) from a European shipowner for $340m…

There has been a resurgence of interest in conversion work as companies look at offshore units again. According to Drydocks World executive chairman Geoff Taylor, the company has seen increased interest in…

Reuters reported that Indian shippers are cutting their acquisition plans and buying vessels in the second hand market instead of placing new orders as overseas funding, their biggest source of financing, dries…

According to a report issued by China Association of the National Shipbuilding Industry (CANSI), China's shipyards continue to scrape along with continuing declines in new business and growing risk of cancelled orders.…

Danaos has delayed the delivery of five 12,600 teu containerships by a year, to 2012. This brings the total number of newbuilding delivery delays worked out by John Coustas, the Athens-based containership…

Negotiations between Samsung Heavy Industries and shipowners Compania Sud Americana Vapores of Chile and German owner Peter Dohle surrounding orders for 12 mega-boxships have yet to reach a conclusion. An SHI source…

Wave piercing technology is a well-proven concept for high-speed catamarans and trimarans. Now, at NorShipping, Rolls-Royce says that it is bringing the benefits of this to the offshore market, with the new…

Wärtsilä has opened a new office and workshop complex in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home to the Mexican…