General News

China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuilding industry is unlikely to recover in the near future. New shipbuilding orders received…

The Chinese government may force state-owned shipping groups to buy more vessels as foreign carriers scrap orders, according to Steve Man, an HSBC Holdings Plc analyst in Hong Kong. That risks increasing…

Admiralty Shipyards OJSC, in St. Petersburg, and Sovcomflot OJSC plan to sign a contract for construction of a gas carrier with a capacity of 80,000 m3, according to Vladimir Aleksandrov, Director General…

Japanese shipbuilder Kanasashi Heavy Industries has ceased operation as it does not have the funds to procure ship parts and equipment for newbuildings. The medium-sized shipbuilder has so far been unable to…

Oslo-based Camillo Eitzen & CO ASA has reached an agreement with a Japanese shipyard for the cancellation of the six 2,500m3 gas carriers against a final and total settlement of $2.5 million.…

The Brazilian oil company Petrobras is scheduled to receive proposals next week for eight FPSO hulls, but Brazilian media report that just four of the 13 companies invited to vie for the…

The big three shipbuilders in South Korea are fiercely competing to win a massive LNG-FPSO order to be placed by Royal Dutch Shell. This mega project, said to cost some $4bn-plus, calls…

MacGREGOR, part of Cargotec Corp., has received an order for 28 hose handling and provision cranes from Korean shipyard Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME). "For many years now MacGREGOR…

By 2011, the Yangtze River Delta, the Pearl River Delta and the Circum-Bohai Bay region will be built into three world-class shipbuilding bases in China, according to a recent development program for…