General News

South Korea aims to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 trillion won ($2.5 billion), in the second half of 2006. State-run Korea Development Bank…

Guangzhou Shipyard International in China secured contracts for two 51,800DWT chemical tankers from Torm and one from Gotland. Delivery date and price were not revealed. Guangzhou Wenchong Shipyard clinched a 1,700TEU container…

Universal Shipbuilding in Japan won a 200,000DWT bulk carrier from Star Bulk Carrier for delivery during second half of 2010.The newbuilding will be deployed on the transpacific route for Sumitomo Metal Industries.

STX Shipbuilding in South Korea secured three product carriers from an Italian ship owner at a cost of $140 million for delivery by March 2008. Ship particulars are 183m in length, 32.2m…

Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will…

Korean shipbuilders will maintain their lead in terms of orders this year, outpacing Japanese rivals for the third year running. Market researcher Clarkson Research Studies said that Korea's total amount of ship…

Most vessels in Vietnam?s shipping fleet have been rated as weak and obsolete in terms of both transport capacity and technology, according to the Vietnam Shipowners Association and the Government Decree 14/CP…

The hulls for two Aker Kvaerner designed H6e semi-submersible drilling rigs, designed for deep sea drilling in harsh environment and arctic conditions, is to be built by Dubai Drydocks. The Contract includes…

Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it…

Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from…