General News

A deputy head of the Islamic Republic of Iran Shipping Lines (IRISL) predicted that the country?s shipping business would need some 450-500 ships in the next 15 years in order not to…

Petroleos de Venezuela SA (PDVSA) may buy 18 oil tankers from China for $1.3 billion as South America's largest oil company seeks to boost exports to Asia. Preliminary orders for the tankers…

The Qatar Gas Transport Company (Nakilat) is expected to procure 50 LNG ships by 2012 with delivery slated from the third quarter of 2007 until 2012. The ships, a combination of 215,000…

Concordia Maritime in Gothenburg and Brodosplit shipyard in Croatia have issued final approval of the newbuilding contract for vessels number seven and eight in Concordia Maritimes P-MAX-series. These 65,200 dwt vessels are…

The Viet Nam Shipbuilding Industry Corporation (VINASHIN) and its subsidiary, the Ha Long Shipbuilding Plant, have secured an order to build eight car carriers for the Ray Car Carried Limited Company of…

Aker Yards has confirmed an optional agreement with Nordcapital Holding GmbH & Cie. KG in Hamburg, Germany for the building of two UT 755LN Platform Supply Vessels. The Contract value is approximately…

Industry sources claim that Swan Hunter?s Wallsend yard in England could close in less than two weeks because its order book is almost empty. Swan's boss, Jaap Kroese, has revealed he is…

Korea Line placed an order of a 105,500DWT tanker with an unspecified Japanese shipbuilder at a price of $55 million for delivery during first half of 2009.

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has placed orders for five 6.400 TEU container ships with the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. (Koyo Dockyard Co., Ltd.). These newbuildings are scheduled for…

The Greek-based easyCruise and Neorion Holdings have signed a letter of intent for the construction of two cruise ships with the option for a further two in Neorion Holdings? shipyards in Greece.…