The Privatisation Unit in Malta is expected to announce preferred bidders for Malta Super Yacht Services and for the shiprepair arm in the very near future, Finance Minister Tonio Fenech said. MSYS…

South Korea's Doosan Engine has developed a ship-engine main bearing's abrasion measurement system and an advanced real-time measurement system of the condition of lubricating oil. Doosan initially developed the measuring systems for…

South Korea's STX Offshore & Shipbuilding is targeting about $2 billion in new orders for offshore vessels and plants this year, more than double the amount recorded last year, a senior executive…

Odense Steel Shipyard Ltd. A/S (Lind? Shipyard) has entered into an agreement on the sale of Loksa Laevatehase AS (Loksa Shipyard) to a consortium consisting of AS Frelok, Crown Solution OÜ and…

Brazil's EBX mining, energy and engineering conglomerate will invest up to $1 billion in a shipbuilding venture designed to meet needs of the nation's burgeoning offshore oil drilling industry.EBX has partnered with…

Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years . SHI was among the shipbuilders who submitted tenders in connection with a project by India's Reliance Group…

Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently…

Korea's top spot in the shipbuilding industry for the last 10 years is now under threat and faces strong challenges from China.Since first reaching the 10 million-ton mark in orders in 2000,…

Shanghai Shipyard has reportedly won a $250m contract from state-owned Cuban company Acemex to build ten handysize vessels. Each 35,000 dwt vessel will cost $24m-$25m.

According to a study by Clarkson Research Services, global new shipbuilding orders in August have hit a new monthly record for 2009. The study claims that orders in the first three weeks…