General News

India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed…

The UK's Ministry of Defence has announced a £230 million deal with the shipbuilders BVT that it claims will help to secure the future of the industry in Scotland for the next…

In return for EU approval to keep euro251 million in government subsidies, Poland's Gdansk shipyard must slash capacity. This decision comes after a four-year European Commission investigation into whether government capital injections,…

Shipyards in South Korea are having difficulties in mooring newbuildings of which Deliveries of newbuildings that have been delayed by shipowners, are creating mooring difficulties for Korean shipyards. A rash of owners'…

Belgium-based shipowner Euronav has called on Samsung Heavy Industries to convert a VLCC order to a pair of Suezmaxes. Samsung was preparing to build a 318,000 DWT VLCC for delivery in the…

Hyundai Heavy has signed a contract to build five mid and large sized patrol vessels worth 149.9 billion won with Korea Marine Fund Corporation. The order includes one 3,000 ton class offshore…

Genco Shipping & Trading Limited has taken delivery of the 'Genco Commodus', a 170,500 DWT Capesize newbuilding. The newbuilding is the seventh vessel to be delivered to the Company under Genco's previously…

With its company Voith Turbo Marine Engineering in Rostock that was founded only a few months ago, Voith is breaking new ground with the development of advanced ship concepts. A concept design…

There is a growing awareness in the shipbuilding industry that a closing of the gap between newbuilding and second-hand ship prices is occurring which is making the newbuilding market a more attractive…

The latest Shipbuilding Market Forecast, published by Lloyd?s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed…