General News

The optimum speed for container ships is much lower than the current 25 or 26 knots achieved by the big vessels according to Germanischer Lloyd's head Hermann Klein. Dr Klein suggests that,…

Samsung Heavy Industries' vice-president Park Jung-heum said at a recent strategy seminar, "We will secure a cruiseship newbuilding order within next three years and deliver it around 2015. We will make inroads…

The Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value and deposits, has taken delivery of the first two ships in a 14-ship order that are part…

Japanese export ship orders declined for the 13th consecutive month in October on a year-on-year basis, tumbling 37.3% to 358,300 gt, according to figures released by the Japan Ship Exporters' Association.But the…

Sembcorp Marine has awarded the turnkey construction contract for Phase I of the New Yard Development project to Zhen Hua (S) Engineering Pte Ltd for a total contract value of S$443.25 million.The…

Norwegian shipowner I.M. Skaugen Group (IMSK) named the first ship in its new series of Multigas carriers in a ceremony at the Skaugen joint venture company with Shenghui Gas & Chemical Systems'…

Offshore Patrol Vessels (OPVs) being built by the UK shipbuilder BAE Systems for the government of Trinidad and Tobago will this week take a step closer to completion. Employees at the Portsmouth…

Daewoo Shipbuilding & Marine Engineering in Korea said it has made a profit in the third quarter on increased sales of high-end products and a stable local currency. Net income reached 191.2…

As fuel oil prices continue to climb, carriers are increasingly applying extra slow steaming on their long haul services. With fuel prices at levels above $400/ton since October, extra slow steaming is…