Month: July 2009

China's largest shipbuilder and shiprepairer, China Shipbuilding Industry Co., plans an initial public offering in Shanghai to fund 6.44 billion yuan ($942 million) of expansion projects. The Beijing-based, state-controlled company is selling…

India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed…

China Oilfield Services Limited (COSL) has ordered a 3D deepwater seismic vessel from Shanghai Shipyard. The new vessel is based on a Skipsteknisk ST-327L CD design and will be powered by a…

With its company Voith Turbo Marine Engineering in Rostock that was founded only a few months ago, Voith is breaking new ground with the development of advanced ship concepts. A concept design…

Genco Shipping & Trading Limited has taken delivery of the 'Genco Commodus', a 170,500 DWT Capesize newbuilding. The newbuilding is the seventh vessel to be delivered to the Company under Genco's previously…

Belgium-based shipowner Euronav has called on Samsung Heavy Industries to convert a VLCC order to a pair of Suezmaxes. Samsung was preparing to build a 318,000 DWT VLCC for delivery in the…

Shipyards in South Korea are having difficulties in mooring newbuildings of which Deliveries of newbuildings that have been delayed by shipowners, are creating mooring difficulties for Korean shipyards. A rash of owners'…

In return for EU approval to keep euro251 million in government subsidies, Poland's Gdansk shipyard must slash capacity. This decision comes after a four-year European Commission investigation into whether government capital injections,…

The UK's Ministry of Defence has announced a £230 million deal with the shipbuilders BVT that it claims will help to secure the future of the industry in Scotland for the next…