General News

The Subic Bay Metropolitan Authority (SBMA) in the Philippines has plans to create a 124-acre maritime park that offers tax incentives to local shipbuilders. The facility is aimed at boosting the country's…

InterCity Group Limited in New Zealand plans to boost tourism in Northland with a $7.3 million, fuel-efficient small cruise ship that will offer overnight cruises around the pristine waters of the Bay…

The Hamburg-based shipping line Hapag-Lloyd is responding to the forecast market expansion in the container trade by ordering eight 8,750 TEU container carriers for delivery in December 2009 (two ships) and in…

The Romanian government has launched tenders for the sale of its shipbuilding facility in the southeastern city of Mangalia, the national State Assets Agency (AVAS) said. The state plans to sell the…

US-based Pearl Seas Cruises of Guildford, Conn., an offshore affiliate of American Cruise Lines, has confirmed that it will have a second cruise ship built at the Halifax Shipyard, part of the…

Singapore's Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured two conversion contracts worth a total of $88 million. The first involves conversion of the 188,697 dwt tanker, the S.T. Polar…

Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology. The net sales of the company's marine…

Aboitiz-owned shipbuilder FMBA Marine Inc. in the western Cebu town of Balamban, Philippines, has signed a contract to build another catamaran ferry for a company in New Caledonia in the South Pacific.…

The Italian government expects to carry out an initial public listing of shares in the state owned shipbuilding company Fincantieri SpA next spring, said economy undersecretary Massimo Tononi. Tononi and transport ministry…

The Indian Defence Minister A.K.Antony has publicly confirmed that the Indian Navy would get a third aircraft carrier by 2017 in addition to the Admiral Gorshkov and the indigenous Air Defence Ship…