South Korean shipyards are asking state-run lenders to increase loans and extend financing for orders as a deeper-than-expected economic slump dries up their cash holdings, industry sources said. According to the sources,…

China National Offshore Oil Corporation (CNOOC) has announced its plan to invest in the deepwater equipment manufacturing. In the next five to eight years, CNOOC's growth in the deepwater sector is expected…

ThyssenKrupp AG is to put Hellenic Shipyards up for sale on 1 April as part of a shake-up announced last week when it was announced that a new group structure was being…

Plagued by operational inefficiencies, inadequate cost control and flawed hierarchicalstructures, modern ship management has struggled to meet the evolving needs ofthe shipping industry. But thanks to the recent launch of Ulstein Marine…

At least 47 tanker newbuilding orders have been cancelled so far this year according to Ragnar Nielsen of Singapore-based Masterbulk. In total, some 434 newbuilding orders have been cancelled including 298 bulk…

Fledgling South Korean yard SNC Shipbuilding is reported to have succumbed to financial difficulties, closing its doors prior to launching even a single completed vessel. The yard, which was expected to cost…

Lloyd?s Register Asia today opened its first dedicated marine surveyor training centre in Shanghai, assuring that the Group?s global marine team will continue to deliver the high technical standards demanded by the…

Shipping's green credentials will come under scrutiny at the Green Ship Technology conference in Hamburg this week when the merits of the technical solutions and proposed trading mechanisms for emissions are debated.…

Shipbuilding protectionism at compatriot shipyards is abruptly spreading around the world particularly in developing countries such as Brazil, Russia, India, China, Vietnam and Qatar. Brazil has limited the bidders to domestic shipyards…

Singapore-based Hallin Marine Subsea International has backed out of a contract after the shipyard was unable to secure refund guarantees. Shipbuilder Marco Polo Marine in Batam confirmed that the $51 million contract…