General News

Daewoo Shipbuilding is rumoured to be building two dry docks in Yantai, China. The plan is to construct a 1 million DWT dry dock and a 300,000DWT dry dock in Yantai, Shandong…

Qatar Gas Transport Co. (QGTC) has enlisted international shipbuilders to construct six to eight LNG carriers at a cost of about $230 million each. QGTC expects to lease each vessel to deliver…

Fuelled by the order boom in international shipping, the tonnage classified by Germanischer Lloyd (GL) has grown to more than 50 million gross tonnage (GT). This is a milestone in the history…

ABB Ltd., the world's biggest maker of power transformers, will spend $100 million in China to open factories and hire as many as 4,000 employees in three years. The company will use…

South Korea's steel giant POSCO has set up its Indian subsidiary to build a 12 million tonne steel plant in Orissa. The company had signed a deal with the Orissa government for…

A contract to guarantee advance-money for the building of six cargo ships for export to Britain was signed between the Viet Nam Shipbuilding Industry Corporation (Vinashin) and the Bank for Investment and…

The Philippine government initiative in 2004 to link the islands of the country through a system of roro shipping, known as the Strong Republic Nautical Highway System, has given local shipbuilders a…

Northwestern Shiprepairers and Shipbuilders has offered £6m to buy the dry docks at the centre of its dispute with landlord Reddington Finance. News of the offer comes as the shipyard group prepares…

A $90 million investment in Western Australia's shipbuilding facilities could generate billions of dollars for the state economy. The funding boost for the Australian Marine Complex (AMC) at Henderson, in southern Perth,…

The French marine lubricants supplier, Total Lubmarine, maintains that the marine lubricants industry is facing a new and deepening supply crisis compounded by a period of unprecedented raw material price increases. It…