General News

The Greek shipping company Eletson has signed a newbuilding contract with Hyundai Mipo Dockyard in South Korea for the construction of four 52,000 dwt hi-spec medium range product tankers. The vessels are…

Quintana Maritime Limited based in Greece took delivery of its first Kamsarmax bulk carrier ?Iron Vassilis? from the Japanese shipbuilder Tsuneishi. The 82,257 dwt newbuilding is on charter to Bunge S.A., a…

Venezuela's state-owned Petroleos de Venezuela (PDVSA) has signed a letter of intent with Brazilian construction company Andrade Gutierrez to build a shipyard in Venezuela in order to strengthen the maritime transportation system.…

South Korea?s Sungdong Shipbuilding and Marine Engineering has won one of its largest newbuilding contracts from Greek ship owner Danaos Shipping. The deal for five 6,500 TEU container ships is believed to…

SembCorp Marine in Singapore has reported a 69% year-on-year increase in its first half profit to over $62 million. For the second quarter alone, its net profit rose 66% to nearly $37…

Cosco Shipyard Group (CSG), China?s largest shipyard company, is expanding three of its seven shipyards at a cost of $113 million in order to boost its capacity in China. The expansion of…

ShipConstructor Software Inc. (SSI), developer of the leading AutoCAD-based 3D product modeling and production planning software suite ShipConstructor, has released their latest software version ?ShipConstructor 2006?. Their ?Database Driven Relational Object Model?…

Hellespont Hammonia, a joint venture between the Piraeus-based Hellespont Group and the Hamburg shipowner Peter Doehle Schiffahrts KG, has completed the naming of the Hellespont Pride, one of six tankers under construction…

Venezuelan state oil holding Pdvsa on Wednesday informed that Argentine shipyard R?o Santiago (ARS) started, together with Pdvsa marine affiliate PDV Marina and Venezuelan Dikes and Shipyards (Dianca), the construction of the…

Spanish shipbuilder Construcciones Navales del Norte (CNN), the successful bidder for the assets of Sestao's La Naval shipyard in Bilbao, forecasts earnings of 200 million euros a year over the next five…