General News

Local sources in China report that China is secretly pushing the construction of a nuclear-powered "supercarrier" of 93,000 tons. The source, presenting internal Chinese Communist Party documents, said China plans to build…

Delivery of the Twin Marine Lifter (TML) heavy lift vessels under construction for SeaMetric International at China Petroleum Liaohe Equipment Company (CPLEC) Offshore Engineering Company shipyard in Panjin, China, will be delayed…

C& Heavy Industries, the shipbuilding arm of the struggling C& Group in Korea, is expected to ask Woori Bank and other creditors to place it under a workout program this week in…

Plans for 12 VLCC newbuildings by Singaporean oil trader Hin Leong Trading Pte. Ltd. and its tanker unit Ocean Tankers (Pte) Ltd. are going ahead despite a global economic slowdown. Hin Leong…

Brazil's national development bank BNDES approved a $122 million loan for Companhia Brasileira de Offshore (CBO) to construct four multipurpose platform supply vessels (MPSV-3000) to provide support to oil rigs. The vessels,…

Around 20% of orders for building new dry bulk shipping vessels may be cancelled in 2009 as the financial crisis is hitting the shipping industry hard, a shipping industry executive told Dow…

Samsung Heavy Industries has received a contract worth $1.44 billion to build two deep-water oil exploration drill ships. The deal with a European client calls for delivery by March 2012 and the…

Shipbuilding cancellations hit plate market According to a recent report from World Steel Dynamics, perhaps 300 contracts to build capsize and Panamax vessels may be cancelled and some new shipyards may close.…

Hyundai Heavy Industries said that its orders sank 57% in October from a year earlier on falling demand for new ships, reflecting a declining shipbuilding cycle. The orders received last month fell…

PC Maritime, a UK developer and supplier of software, has launched a new engine room simulator that can run on a standard PC. The Unitest MED3D engine room simulator is claimed to…