General News

Daewoo Shipbuilding and Marine Engineering (DSME) and Intelligent Engineering (IE) entered into a joint venture agreement for the use of SPS (sandwich plate system) technology in shipbuilding. Although SPS has become widely…

The world?s largest ship finance specialist, Germany?s HSH Nordbank, has thrown compatriot shipyard Lindenau a lifeline. Following Lindenau Schiffswerft & Maschinernfabrik?s insolvency in late September, the bank has provided the yard with…

In late October, Bollinger Shipyard announced that they had sold two 59 metre offshore-supply vessels to Odyssea Marine. The first boat, Mary Martin, has already entered service while the second is to…

Ambitious plans by domestic firms to boost India?s shipbuilding capacity in the next two to three years by investing some Rs20,000 crore may have to be whittled on the back of the…

The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in…

Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The…

Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the…

Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is…

Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC…

STX Europe and the French government have agreed that the French state becomes a 33.34% shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. The combined ownership of STX and…