"The worst of the shipbuilding market is over," said Jiangsu Rongsheng Heavy Industries' chairman and president Chen Qiang. He adds that newbuilding enquires have resumed but at a slower pace and in…

Industry sources say that yards in Japan, South Korea and China have been sounded out to design a new 250,000 DWT bulker specifically for the coal trades. One industry expert says the…

Construction on the $250 million Nosco-Vinalines ship repair plant kicked off in Yen Hung District, northern Quang Ninh Province. The new ship repair yard will cover a total land area of 100ha…

A key sector driving economic growth in South Australia is entering the stage where preparation transforms into visible action. The Techport Australia shipbuilding complex at Osborne on the Port River is ready…

Jiangsu Rongsheng Heavy Industries in China has laid down the keel of the third in a series of six 156,000 DWT Suezmax crude oil tanker for Novoship OJSC. The vessels are being…

Norilsk Nickel, Russia's largest mining company, is close to ordering two high-value icebreaking tankers and a large icebreaker at Germany's struggling Wadan Yards. The deal, worth an estimated EUR 350m ($461m), is…

Thousands of Polish shipyard workers will lose their jobs when the country?s state-owned yards are sold off. Under the government scheme, workers will be offered between $6,000 and $18,000, depending of the…

China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuilding industry is unlikely to recover in the near future. New shipbuilding orders received…

The Chinese government may force state-owned shipping groups to buy more vessels as foreign carriers scrap orders, according to Steve Man, an HSBC Holdings Plc analyst in Hong Kong. That risks increasing…

Admiralty Shipyards OJSC, in St. Petersburg, and Sovcomflot OJSC plan to sign a contract for construction of a gas carrier with a capacity of 80,000 m3, according to Vladimir Aleksandrov, Director General…