The Polish government is awaiting the signature of a Caribbean registered company which has agreed to buy the assets of both Gdynia and Szczecin shipyards for about Zloty450m ($136m). United International Trust…

German shipbuilders are facing difficult years due to cancellations and a lack of orders, the country's shipbuilding association VSM warned yesterday at its annual meeting. "The majority of shipyards will not be…

Fredericia Shipyard in Denmark has entered into an agreement with compatriot Odense Steel Shipyard on renting the original dock facilities at Lind? and a number of buildings housing administration, workshops and changing…

STX Offshore & Shipbuilding (STX O&S) of South Korea has received an order for a next generation naval trials ship from Agency for Defence Development (ADD) at a cost of KRW 43bn…

It seems that following in the footsteps of their South Korean counterparts, Chinese shipyards have resumed marketing activities for newbuildings. Major yards in South Korea had, this spring, reactivated sales drives for…

Shipping lines will most likely be unable to raise rates above break-even levels in the next two or three years, analysts at the Credit Suisse Group have said. The Baltic Dry Index…

Chinese shipyards are charging penalties to international owners who wish to defer delivery of new ships and are filling the resulting spare capacity with cut-price domestic contracts. At this stage the strategy…

ABS has issued a new guide intended to provide supplementary requirements for the application of higher-strength, thick steel plates, greater than 51 mm, within the structure of large container carriers. The requirements…

South Korea's big three shipbuilders, namely Hyundai, Samsung and Daewoo, are competing for the massive LNG-FPSO order to be placed by Royal Dutch Shell. The front-end engineering and design (FEED) contract for…

BG Group, a major British energy company, will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now…