General News

Ferguson's yard in Port Glasgow, which earlier this week announced it was making 99 workers redundant, was thrown a lifeline when it was learned that bidding was to be opened within three…

KY Heavy Industries in South Korea announces that it clinched orders for five chemical tankers plus five options from OSK (H.K) Ltd for delivery from May 2008 to 2009. In addition, the…

The floating offshore production platform ?Sevan Hummingbird? recently left Yantai Raffles Shipyard in China onboard the semi submersible heavy lift vessel heading for the Keppel Verolme Shipyard in Rotterdam where the installation…

STX Shipbuilding in South Korea is negotiating for six to eight capesize bulker newbuildings at a price of $500 to 700 million. In addition, STX Dalian, an affiliate of STX Shipbuilding, is…

The MacGregor Group, part of the Cargotec Corporation, has announced a new joint venture production partnership with Vietnam Shipbuilding Industry Group (Vinashin). The joint venture has been established as part of Vinashin's…

Danaos Corporation has signed shipbuilding contracts for four 6,800 TEU container ships with China Shipbuilding Trading Company, Limited. The vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Company Limited…

IHC Holland Merwede has decided to participate as a majority shareholder, together with Van Sluisveld Beheer, in a new company, Verenigde Scheepswerf Heusden BV (VSH), which is based in Heusden in Netherland…

Colombo Dockyard (CDL) is reporting a full order book until 2008 for new ships, after building seven fast patrol boats for the Sri Lankan Navy and two tugs for Saudi Arabia which…

STX Shipbuilding, the world's seventh-largest shipbuilder, said that it swung to a profit in 2006 from a loss a year earlier on rising demand for high-priced ships.Net profit reached 41.1 billion won…

It now looks certain, following meetings held on Monday at the Clyde shipyard of Ferguson Shipbuilders, that the vast majority of the workers employed there are to lose their jobs. Out of…