General News

Ocean Hotels in Norway has signed a $100 million loan agreement with Export Development Canada which will allow Ocean Hotels to draw up to the total amount in construction financing prior to…

Vietnamese state-owned shipbuilder Vinashin is reportedly having trouble delivering projects on schedule as the builder continues to run up huge debts. One of the builder?s subsidiaries, Nam Trieu Shipbuilding (Nasico), is complaining…

Industry reports suggest that Norilsk Nickel OJSC in Russia intends to sign a contract on building a 20,000 dwt high ice-class oil tanker by the end of this year. Nikolai Matyushenko, Deputy…

Shipbuilder Abu Dhabi MAR Group plans to form a joint venture with Germany's ThyssenKrupp AG to design and build naval frigates and offshore patrol vessels.MAR Group said the two companies signed a…

Russia's United Shipbuilding Corporation and Chinese shipbuilder Yantai Raffles have signed a joint venture agreement to build a large shipyard in Vladivostok, on Russia's Pacific coast, at a cost of $200m. Yantai…

A Middle East oil tanker operator has ordered the first container ship order anywhere in the world since October 2008. The state-owned Abu Dhabi National Tanker Company has placed an order for…

Leading Korean shipbuilders are diversifying into the wind power industry in the face of a sharp drop in new shipbuilding orders and the growing challenge from Chinese rivals. While Hyundai Heavy is…

Kongsberg Maritime announced that its Polaris Dynamic Positioning simulator is the first to achieve DNV approval to the stringent Class A standard. The company has also achieved DNV approval to Class A…