General News

STX Shipbuilding has won an order worth 109 billion won ($105 million) from a European company to build two oil tankers. The two tankers will be delivered by Dec. 31, 2010.

Hyundai Mipo Dockyard has clinched orders worth 302.3 billion won ($291.6 million) to build seven bulk carriers for a Middle Eastern shipping company. Delivery of the vessels is scheduled by May 2012.

Sealion Shipping Ltd in the UK has, on behalf of Toisa Ltd, placed an order with the ABG Shipyard in India for the construction of three new, large multi-purpose offshore support vessels.…

Thousands of ships plying the world?s oceans are effectively without nationality, enabling their owners to easily evade international laws and regulations says a new report from WWF, the conservation organisation and the…

Aker Yards and the Russian company FLC expects to complete the transaction in which FLC buys 70 % ownership in three yards in Ukraine and Germany in July 2008. The agreement was…

In a major diversification drive, Jindal Saw (JSL), part of the $10-billion OP Jindal Group in India plans to set up the country?s first shipbuilding and repair hub in Gujarat with an…

Hyundai Heavy Industries and two other South Korean shipyards said that they have received orders valued at a combined 2.4 trillion won ($2.32 billion) to build 17 ships. Hyundai won an order…

Daewoo Shipbuilding and Marine Engineering (DSME) has unveiled an energy-saving device that it says will help lower vessels? operational costs with improved speed and reduced fuel consumption. The ?Pre-swirl Stator? was first…

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it will invest 46 billion won ($44 million) in a South Korean shipping venture to buy more oil tankers. The stake in DK Maritime…

Lauritzen Kosan has ordered six 3,700m3 pressurized gas carriers at Yangzhou Kejin Shipyard Co. Ltd. in China for delivery December 2009 through to December 2010. "The newbuilding order is a result of…