State-owned Shipping Corporation of India (SCI) said it would float global tenders for acquiring 30 ships by 2012 which is likely to entail a Rs 8,000 crore ($1.7 billion) investment.

Adani Enterprises, the flagship company of the Ahmedabad-based Adani Group in India, has placed orders for two new Capesize bulk carriers with South Korea’s Hanjin Heavy Industries for about Rs650 crore ($138…

The controversy over unofficial spare parts from a few years ago looks likely to reignite after the imprisonment of the managing director of a separator spares company.

Wärtsilä has signed a contract to deliver a ship power system for a 38,000 tonne semi-submersible heavy-lift vessel for Chinese customer Zhejiang Share-ever Business.

According to local press reports, Iran has ordered six LNG tankers from China to transport the natural gas it hopes to export from its giant gas reserves.