General News

South Korea's STX Shipbuilding made a surprise $110 million bid to buy up to 7.92 % of the shares in Norwegian shipbuilder Aker Yards which would raise its stake to 47.15 %…

Rolls-Royce has opened a new office in St. Petersburg to further support activity within the growing Russian marine market. St. Petersburg has become the Russian shipbuilding capital, with 60% of the country?s…

China Ocean Shipping (Group) Co (COSCO) is mulling over a plan to reduce the service speed of all of its ships by 10%, in order to lower fuel consumption and reduce emissions.…

Daewoo Shipbuilding & Marine Engineering has received a 532.8-billion-won ($519 million) order to build four vessels. The deal with a European shipping company calls on Daewoo to deliver two oil tankers and…

Daehan Shipbuilding recently celebrated the christening of its first 170,500dwt vessel, at its shipyard located in Haenam, Korea. The vessel has been christened ?MYSTIC?.With a length of 289 metres and a 45…

Highspeed Shipbuilding & Engineering Co (HSEC), a Bangladesh shipbuilder, has won a $50 million order from Japan to build ten small ships. This is further evidence of the country's booming shipbuilding industry…

The ?stanbul Directorate of the Labour and Social Security Ministry has ordered the temporary closure of one of the shipyards in the Tuzla area, where 98 workers have died in work-related incidents…

Malta is to start the process to privatize the island nation's shipyards, amid plans for a reduction in the workforce, Maltese Prime Minister Lawrence Gonzi announced yesterday. Several companies, especially from northern…

Ship-building and shipping firm STX Pan Ocean said it is still considering whether to buy a stake in Daewoo Shipbuilding & Marine Engineering. The company was responding to market talk that it…