General News

The international association of tanker owners' (Intertanko) policy on Greenhouse Gas (GHG) emission reductions from ships, as approved by the Association?s Council, has been written into a comprehensive policy statement that will…

Wärtsilä has signed a contract to design and supervise the construction of a modern oceanographic research vessel for the marine wing of the Geological Survey of India (GSI). The order was received…

According to Arlie G. Sterling, president of shipping consulting firm Marsoft, "South Korea and China will determine the destiny of global shipping industry. Newbuildings to be delivered from the two countries and…

Lloyd?s Register?s Hellenic Advisory Committee (HAC) met recently to support and further develop safety and sustainability in the shipping industry. Chairman, Capt. Panagiotis Tsakos summed up the proceedings: "This has been another…

COSCO Shipyard Group of China recently completed the 'Adam Asnyk', its first 30,000 DWT heavy lift vessel, at COSCO Shipyard Dalian.The newbuilding, ordered by Chipolbrok, was originally due for completion in March…

The South Korean shipbuilder SPP Shipbuilding has been awarded newbuild orders for two 81,000 DWT and four 59,000 DWT bulk carriers from three European shipowners at a total cost of $210 million.The…

The Russian shipping group Sovcomflot OJSC plans to order two Suezmax-type tankers at United Shipbuilding Corporation OJSC for TNK-BP petroleum products shipping. It is planned to build marine and river vessels for…

Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time. The bank has extended a $149m credit…