Two Western Australian companies have cooperated to set new design and construction standards for multi-million dollar high speed vessels built specifically for the Australian offshore market.Fremantle maritime support solutions company Samson Maritime…

The European Marine Equipment Council (EMEC) has welcomed the new regulation (EC) 391/2009, published on 28 May. Amongst others, the Regulation will, if effectively implemented, in the coming years, lead to the…

New Zealand-based waterjet manufacturer HamiltonJet has opened a new regional sales and support office in Singapore. The company already has regional offices in the UK and US, and the new office will…

George Economou and broking house Banchero and Costa Spa have both invested in the Green Recycling Initiative launched in May. The $300m GRI aims to integrate the needs of steel producers to…

Despite the collapse in the newbuilding market, state-owned Chinese shipbuilder China State Shipbuilding Corporation (CSSC) is planning to invest up to Yuan10bn ($1.5bn) to build a shipyard in Zhongshan , Guangdong province.…

Taizhou Sanfu Ship Engineering is set to begin talks with owners who have requested lower contract prices for bulk carriers already on order. The privately-owned Chinese shipyard said that it had received…

Three non-life insurance companies which are creditors of Jinse Shipbuilding of South Korea are requesting another creditor banks to delay collecting debts but the banks are refusing to do so. Meritz Fire…

Gulf capital is behind the consortium which bought two of Poland's three historic shipyards this week, Polish Prime Minister Donald Tusk indicated Saturday. "There is a specific fund which represents the interests…

The Maltese government has asked bidders who submitted offers for the four business units comprising the Malta Shipyards to reconsider the financial portions of their bids and they have until 20 June…

John Fredriksen's Frontline has cancelled orders for six newbuilding very large crude carriers and Suezmaxes at Chinese shipyards worth more than $550m and representing 33% of its order-book. However, Jens Martin Jensen,…