General News

Shipowners and underwriters are forking out "staggering" amounts for engine damage, a leading marine engineer and casualty expert has warned.Both "man?s inhumanity to machinery" and poor products are to blame, the Society…

Danish tanker and bulker owner D/S Norden AS plans to reduce its carbon dioxide (CO2) emissions this year by 2%. A new report by Norden revealed they have installed monitoring systems to…

The Abu Dhabi-based Al Jaber Group has awarded a $500 million contract to Chinese shipbuilder Jiangsu Hangtong Ship Heavy Industry to build and supply eight bulk carriers. "The deal that was signed…

The Norwegian offshore company Havila Shipping ASA has entered into a contract with Havyard Leirvik AS for the building of a large subsea construction vessel based on a new developed design, Havyard…

Shipping?s lacklustre image is to be tackled head on by the formation of a new globalforum of maritime leaders. Launched at this week?s successful 2nd International Ship Management Summit in Limassol, Cyprus,…

Keppel FELS Limited (Keppel FELS) in Singapore has been contracted to build its proprietary DSS 38 deepwater semisubmersible rig for Bermuda-based Scorpion Offshore Ltd. The contract is subject to the fulfillment of…

Tsuji Heavy Industries plans to spend about 50 billion yen ($472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm?s second shipbuilding facility since it entered this…

The European Commission has ordered Hellenic Shipyards to pay a ?230 million ($363 million) subsidy back to the Greek government with interest, saying the money gave the company an unfair commercial advantage…

Hong Kong-based Jinhui Holdings has ordered a 38,000 dwt handysize bulk carrier from Japan's Naikai Zosen at a cost of Yen4.5bn ($42.3m). Delivery is scheduled in 2012. Last week the bulker operator…

STX Group will form a consortium to bid for a controlling stake in Daewoo Shipbuilding and Marine Engineering (DSME). "Group-scale talks have been under way in jointly acquiring DSME to lessen the…