General News

Wärtsilä has signed a design and propulsion system order with Taiwan's Jong Shyn Shipbuilding for a product chemical tanker. The 6,500 dwt vessel, due for delivery in 2011, is for CPC Corporation…

Nordic Ferry Services in Denmark has placed an order with Austal Ships in Western Australia to deliver a ropax catamaran to operate on the route between R?nne, on the Danish island of…

Lindo shipyard in Denmark, which recently deleted two bulk carriers of the already small order book, entered 2009 with a deficit of DKK 562.3 million. While this was an improvement compared to…

Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to…

Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St.…

Wärtsilä in Finland has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSVs (Field Support Vessel) which will be built…

With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a…

Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for…

The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place…

Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and…