The US Coast Guard and international shipping lines are becoming seriously alarmed at the number of ships suffering loss of power after switching to low sulphur fuel. This is particularly the case…

The Non-Operating Owner (NOO) fleet of idle containerships has risen to 654,000 teu, the highest level ever recorded, according to the latest Alphaliner fleet survey. The carrier-controlled idle fleet stood at 643,000…

Japanese shipbuilder Kawasaki Shipbuilding is reducing newbuilding capacity at its Sakaide Shipyard by returning to a one-dock system from the current two-dock one in the autumn next year.As newbuilding demand shrinks, it…

China's Taizhou Kouan Shipbuilding has reportedly secured an order for the construction of seven 27,000 dwt multipurpose cargo vessels from a domestic shipowner with delivery scheduled for 2011. Ship prices were not…

The German shipowner NSC Schiffahrtsgesellschaft is refusing to take delivery of a large car carrier lying at Croatia's 3 Maj shipyard. It is the last of three 4,900 unit car carrier newbuilding's…

Hoegh Autoliners of Norway has cancelled orders for two car carriers ordered from Vietnam shipbuilder Vinashin.. The pair are part of a deal for four ships of 7,000 car equivalent units (ceu)…

China LNG Shipping (Holdings) Limited and Malaysia's MISC Bhd have signed a co-operation agreement for the construction of a 174,000 m3 LNG carrier at China's Hudong-Zhonghua Shipbuilding. Local papers speculate that CLSL…

New research from UK-based Clarkson Research Services show that the world newbuild orderbook comprised 8,779 vessels (164.7 million CGT), the lowest since June 2007. Since the start of 2009, orders for gas…

Wärtsilä has signed the United Nations Global Compact (UNGC) initiative and has been registered as a participant by the UN Global Compact Office. With this action Wärtsilä further consolidates its commitment to…