Petroleum Geo-Services ASA and its subsidiary Arrow Seismic Invest II Ltd. have exercised their right to cancel a high-capacity seismic newbuilding under construction at the Factorias Vulcano shipyard in Spain. Hull number…

STX Shipbuilding agreed to help build a $1 billion shipyard near the Baltic Sea port of Primorsk, Russia's biggest oil terminal, according to a statement by investment company Summa Capital. The shipyard…

Bahamas Ferries recently took delivery of a 41m by 12m catamaran, the Bo Hengy II, from Aluminium Marine of Queensland. Built to a design by Oceanic Yacht Design, also of Queensland, the…

The Liberian Registry has passed a major milestone in its history by registering its 3,000th vessel, the newly built 105,400 DWT Aframax tanker Ise Princess for Fairsea Enterprises SA and managed and…

The crisis-ridden Wadan Yards in Wismar and Rostock-Warnemünde have received new shipbuilding orders totalling ?1bn. Wadan Yards' Russian co-owner Andrej Burlakow announced that four passenger ships, each worth ?250m, would be built…

South Korean and Chinese efforts to restructure their respective shipbuilding sectors are backward looking and inadequate , according to Shipbuilders' Association of Japan executive director Nobutaka Nambu. Nambu said that he would…

Samsung Heavy Industries vice-chairman Kim Jing-wan recently said, "We may receive new orders from Russia next month." He said in an interview with local press, "From the second half considerable amount of…

Stockholm-based SRAB Shipping AB has cancelled an order for three small products tankers at Eregli Shipyard in Turkey. The company is taking an SEK 32m ($3.83m) hit from the move, as the…

With shipbreaking very much back in vogue in the current tough freight rate environment, owners choice of breaking yards may well be severely curtailed. Environmentalists are hailing a Bangladesh High Court decision…

Researchers at London?s Clarkson shipbroking agency said that newbuilding prices plummeted again in January and would continue to fall. The price of newbuild ships fell by 6.1% in January. In the price…