General News

STX Group's construction of a shipbuilding yard in Vietnam has been confirmed. The Korean shipbuilder announced that the Vietnamese government has recently approved of STX's plan to construct an offshore production base…

General Dynamics NASSCO, a unit of defense contractor General Dynamics Corp, said it was awarded a $460 million contract to build a tenth T-AKE dry cargo ammunition ship and buy materials for…

The world's first commercial ship powered in part by a giant kite is recording fuel savings of between 10 and 15 % midway into its maiden voyage across the Atlantic, according to…

MGC Chartering Limited has placed an order with Australian high-speed catamaran builder Incat in Tasmania for Incat?s third state-of-the-art 112 metre wave piercing catamaran due for delivery in February 2009.Incat hull 066,…

Wallenius Wilhelmsen Logistics? (WWL), represented by their marine fuels partner Wilhelmsen Premier Marine Fuels, has signed its largest ever deal for low sulphur fuel with Shell Marine Products A/S. The deal is…

The North of England P&I club based in Newcastle-upon-Tyne, UK, reports in the latest issue of its loss-prevention newsletter Signals that container damage and loss continues to be a problem on container…

Ambassador Stale Torstein Risa of Norway, as the keynote speaker of the two-day International Maritime Conference hosted by John B. Lacson Foundation Maritime University (JLFMU), sounded a warning that there is a…

Norwegian-listed bulk shipping group Jinhui Shipping and Transportation cancelled major orders for two ships, blaming the market volatility in global financial markets for its decision. The two 300,000 DWT very large ore…