General News

Headquartered in Germany, DVB Bank AG predicts that the next several years will be tough for shipbuilders across the world and only the fittest would survive. Geir Sjurseth, the managing director and…

Brazil's state-owned oil company Petrobras recently met with South Korean shipbuilding-related delegate, comprising Kim Tae-ho, the governor of South Gyungsang province and officials from four shipbuilders in the province, in Rio de…

The two Russian-owned shipping companies Aqueda Shipping Limited and Mariora Shipping Limited have not achieved funding for the construction of two advanced trawlers within the time that was agreed in the contract…

The Limassol-based Norwegian offshore supply company Deep Sea Supply Plc has awarded a contract to STX Europe for the design and building of a platform supply vessel. The new PSV 09 CD…

Taiwan's largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries. CSBC was hard hit by newbuilding delivery delays in the first seven months this…

South Korea's SLS Shipbuilding could suffer a further blow to its orderbook if Stolt-Nielsen decides to cancel its remaining two 44,000-dwt chemical tankers on order due to continued delays in construction of…

THE German government has approved, in principle, the loan guarantees of ?1.2Bn for Hapag Lloyd last week, a move that is required to ensure the continued viability of the German carrier. The…

Ethiopian Shipping Lines (ESL) is placing a newbuilding order at China's Taizhou Kouan Shipbuilding. Sources say the national shipping company has inked a letter of intent for a series of multipurpose (MPP)…

Norway's SeaMetric has cancelled the orders for two heavy transport vessels in China because construction of the vessels has suffered significant delays.SeaMetric has been building the two vessels at the China Petroleum…