General News

COSCO Group, China's shipping conglomerate, has signed a deal with Japan's Kawasaki Heavy Industries Ltd. to build a shipyard in northeast China, their second such venture in the country.COSCO will control 70%…

China's Cosco (Zhoushan) Shipyard Co., Ltd. has received newbuilding orders worth nearly $1.2 billion. Of this, $669 million is accounted for by contracts from Cosco International Ship Trading for twelve 57,000 dwt…

In addition to the six newbuildings announced in the press release dated 2 May 2007, the Norwegian ship owner Camillo Eitzen & Co ASA signed agreements for long term time charter with…

Nam Cheong Dockyard Sdn Bhd in Miri, Sarawak, Malaysia, is planning to expand its business overseas and increase its shipbuilding capacity on the back of higher demand for oil and gas support…

Nordic Heavy Lift subsidiary Avonway has ordered a unique crane vessel with a record 5,000 tonne single mast lifting capacity from Singapore?s Sembawang Shipyard. Sea of Solutions, part of the Offshore Ship…

The development of the WIG (wing in ground-effect) craft, which the government hoped to use as a next-generation marine transport, has stalled since the government has failed to find a private-sector partner.…

The New York-based Ship Finance International Ltd., which operates a fleet of oil tankers and other ships, has signed contracts to buy five new container ships for a combined value of $190…

Nippon Steel Corp. and Nippon Yusen Co., Ltd. co-developed corrosive-resistant thick steel plate (NSGP-1) to use for the bottoms of cargo tanks in crude oil tankers. Nippon Yusen will proactively adopt this…

Washington state moved a step closer to building four new ferries after three shipyards submitted a joint proposal to construct the 144-car vessels. It was a compromise, crafted by the state Legislature,…

South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such…