General News

Hitachi Zosen has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD already held…

The establishment of the United Shipbuilding Corporation in Russia is now completed with a total of 33 companies in the field of ship design and shipbuilding included in the new grand state…

STX Europe delivered from its Rauma yard the fifth cruise ferry for Tallink. Named 'Baltic Queen', the vessel, worth EUR 180 million gave 1,700 man years of work for the yard. The…

STX Europe has, through its wholly owned subsidiary STX Norway Offshore AS, signed contracts for building of three icebreaker tugs to JSC Circle Marine Invest. The subsidiary company, Caspian Offshore Construction in…

The German government will bring forward investments in ships to help its troubled shipyards to survive the current downturn. According to Minister of Transport Wolfgang Tiefensee, old state-owned vessels should be scrapped…

The first South Korea-built nuclear waste container carrier has been completed. Dae Sun Shipbuilding & Engineering in South Korea has delivered the country's first pure nuclear waste container carrier to Korea Radioactive…

A plunge in supertanker rates to their lowest in at least 11 years will likely spur owners to scrap ships and cancel orders for new ones, according to Bermuda-based tanker operator Frontline…

Sembcorp Marine announced that an important client to its wholly-owned subsidiary Jurong Shipyard has gone bust. Singapore-based Petroprod, a member of Norway's Larsen group which specialises in mobile production and field development…

The Chennai-headquartered Tebma Shipyards Ltd in India is going slow on its capacity expansion programme though it is "not affected by economic slowdown". P.K. Balan, Chairman, Tebma, said that the company had…

Nippon Yusen K.K. (NYK), Japan?s largest shipping line, will slash fleet expansion plans by 10% as it scraps some ships and returns others to owners amid slumping demand for transporting cars and…