General News

Up to 50 of 190 newbuilding orders at German shipyards may be cancelled due to the financial crisis, according to German media reports. The German shipyard association VSM claims that 25 orders…

Japan?s Mitsubishi Heavy Industries has postponed plans to return to cruise ship building. The announcement came as a major cruise liner operator, reported to be Carnival Corp, delayed orders on two vessels.…

South Korea's Daewoo Engineering & Construction Co. said that it has finalized a $610 million deal to build a shipyard in north-eastern Qatar. Under the deal with state-run Qatar Petroleum Co., Daewoo…

Larsen and Toubro Ltd (L&T), India's largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for…

STX Europe has signed contracts for delivery of design and ship equipment for four platform supply vessels of STX Europe's own design PSV 09 CD. The total value of the contracts amounts…

Wärtsilä and the Alfred Wegener Institute for Polar and Marine Research, part of the Helmholtz Association, yesterday presented in Berlin the technical design of the European Research vessel 'Aurora Borealis', a multi-purpose…

In an unusual move IMO's maritime safety committee has instructed the UN agency's secretary-general, Efthimios Mitropoulos, to voice IMO?s concerns over EU plans to force class societies to recognise each other's certificates.…

Singapore-listed Cosco Corp said that a customer has scrapped orders for two of five bulk carriers because of unfavourable market conditions. The Chinese ship building and repair firm will also postpone delivery…

Maersk Line is to lay up eight 6,500 TEU vessels following the recently announced changes in its Asia - Europe, Asia - Central America, and Transpacific service networks. This resulted in surplus…

Carnival Corp. has sued Rolls-Royce for more than $100 million over allegations that Rolls-Royce marketed and sold defective propulsion systems for the Queen Mary 2.The system, known as the Mermaid pod propulsion…