General News

The South Korean steel manufacturer, Posco, will be increasing the price of its steel plates for shipbuilding by W 60,000 ($60) per ton. However, Posco explains that it will apply discount ratio…

Shipbuilders in South Korea are refraining from receiving new low-end orders as they have already secured a three-year backlog of orders. Industry sources claim Samsung did not bid for a recent order…

EXMAR, the Belgium shipping company, has signed a newbuilding contract for two very large LPG carriers at Daewoo Shipbuilding and Marine Engineering in South Korea. The newbuildings will have a capacity of…

Two major orders for a total of 12 engines have been placed with Chinese shipyards both calling for Mitsui-built K98-cm bore engines of MAN B&W Diesel design.The first project is at Hudong-Zhonghua…

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) is investing more than $17 million in their shipyard to enable the company to build ships of over 10,000 tonnes. Currently, the Ho…

STX Engine, the affiliated company of STX Corporation in South Korea which owns STX Shipbuilding, has selected SAM Electronics as preferred partner for supply and integration of navigation and communication systems. Under…

Four 8,600 TEU container ships ordered by Hyundai Merchant Marine (HMM) from Hyundai Heavy Industries (two ships) and Hyundai Samho Heavy Industries (two ships) are to be powered by 14-cylinder Sulzer RT-flex96C…

BP Marine has opened its new, relocated bunkering operation in North Fremantle, following a multimillion dollar investment in its Western Australia facility.BP has decided to continue its 80-year marine bunkering history at…

South Korea claims that the World Trade Organization (WTO) decision calling on Seoul to end shipbuilding subsidies within three months represents a victory in its long-running shipbuilding dispute with the European Union.…

Daesun Shipbuilding in South Korea has won an order for two landing platform docks from Indonesian Navy. Total contract price is $58.7 million and both vessels will be delivered by August 2007.