General News

Offshore drilling contractor Pride International Inc said it will spend about $745 million to build another ultra-deepwater drillship to expand its presence in deepwater drilling sector. The drillship will be built by…

Hanjin Heavy Industries & Construction, South Korea's seventh-largest shipbuilder, has won a 108 billion won ($99.9 million) order to build a bulk carrier. The deal with an unidentified Asian shipping company calls…

Nippon Yusen K.K. (NYK), Japan's largest shipping line by sales, will spend 70 billion yen ($638 million) over six years on new engines, solar panels and other technologies to help cut vessel…

The U.S. Coast Guard (USCG) announced the beginning of enforcement of the requirements for owners and operators of large cargo vessels other than tankers, known as nontank vessels, to prepare and submit…

The government in India has decided to look for a joint venture (JV) partner from the private sector to bail out ailing state-owned shipbuilder Hooghly Dock and Port Engineers Ltd (HDPEL) and…

POSCO and Hyundai Heavy Industries officially expressed interest in acquiring a majority stake in world No. 3 shipyard Daewoo Shipbuilding & Marine Engineering estimated at up to $8 billion.The successful buyer could…

Daewoo Shipbuilding & Marine Engineering has won a deal to build four VLCCs for 743 billion won ($710 million) for Kuwait Oil Tanker Co. Delivery is scheduled to be completed by the…

Samsung Heavy Industries has received a 689 billion won ($641 million) contract to build a drill ship. The deal with a U.S. shipping company calls on Samsung to deliver the vessel used…

The Union Government has approved the proposal of the Cochin Shipyard (CSL) for the creation of a Small Ship Division in the yard. The project, to be set up at an investment…

Ships will soon need permits from the US Environmental Protection Agency (US EPA) for their operational discharges in US waters including ballast water, bilge water and grey water. The issue of operational…