General News

Korea Gas Corp., the world's biggest buyer of liquefied natural gas, is seeking a $938 million loan to purchase four LNG tankers for a joint operation it is setting up with three…

The Letter of Intent for two fast ropax day ferries signed on 2 November by Aker Yards and Color Line has been confirmed as a firm contract worth approx. EUR 250 million.The…

Carnival Corporation has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The contract, which is subject to the approval of…

As part of a major fleet expansion programme, the Istanbul Metropolitan Municipality in Turkey has signed a contract with Damen Shipyards Gorinchem for the construction of 5 new "Sea Buses". The catamaran…

Quanzhou Shipyard in Fujian, China, will complete a 300,000DWT and a 170,000DWT dry dock by mid-2006. Total investment is $99 million. When completed, shipbuilding capacity of the two docks will be 1.5…

Korea's leading shipbuilding companies, all members of the Korea Shipbuilders' Association, have an average workforce age of 42 and, since they have for the most part stopped hiring to shrink their payroll…

Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights…

The Coast Guard?s newest cutter, the Great Lakes icebreaker Mackinaw, ran into a seawall Monday, causing damage to its bow. The Mackinaw, operating in a special status because it has yet to…

Work to build the largest shipyard in Vietnam?s central region started on Sunday in the country?s central hub, Danang city. The Danang shipyard, located on an area of more than 31ha in…

The Norwegian shipping company Solvang ASA together with a group of investors have placed a new order with Meyer Werft in Papenburg for construction and delivery of two LEG/LPG tankers. The gas…