General News

Century Shipyard is reportedly planning to build a second shipbuilding facility in Kerala on the south-west coast of India, at an investment of between $70m and $75m.The greenfield yard will construct offshore…

The two-yard, three-slipway system of Naikai Zosen Corp. in Japan has started to get on track. In 2008, Naikai resumed operations at No.2 slipway of its Innoshima shipyard positioned at its main…

Market sources say the Beijing-based China Cosco Holdings has cancelled at least five of the 23 ships of 57,000 dwt on order at subsidiary Cosco Shipyard Group (CSG). A source adds that…

SAFEDOR, the maritime research project on risk-based ship design and approval, has been concluded after four years of intensive study. Representatives from the 53 project partners of all sectors of the maritime…

Tasmania-based shipbuilder Incat Australia has delivered a 112-metre high-speed catamaran to France?s LD Lines. The largest ever fast ferry to operate on the cross channel routes between England and France will enter…

Eitzen Chemical has sold three chemical tanker newbuildings for $124m. The company said it reached an agreement with Sweden's Laurin Maritime to sell the 46,000 DWT vessels, under construction at the Brodotrogir…

Daehan Shipbuilding will receive new funding totalling 170 billion won from a group of creditors to stave off disaster and start its debt workout program. Daehan's main bank, the Korea Development Bank…

Chinese oil giant CNOOC recently signed an agreement with Wuchang Shipbuilding Industry Company for the construction of two anchor handing, tug and supply vessels. Wuchang will build the two UT788 CD deepwater…

Metrostar Management in Greece has further mitigated its exposure to a hefty newbuilding orderbook after the cancellation last year of 10 handysize bulkers at troubled South Korean shipbuilder Jinse. In the new…

Danaos Corp has delayed 15 newbuildings, and the owner reported a decline in quarterly profits that its chief executive still called "highly satisfactory." The New York-listed containership owner forged a deal with…