A recent analyst report from Drewry Shipping said orders for at least 30 new tankers have been cancelled since last August. However, shipping companies in the Middle East insist they will not…

Car-passenger ferry 'Armorique' has been delivered from STX Europe's Helsinki yard in Finland to the French operator Brittany Ferries. The vessel is worth approximately 110 million euro and has given some 700…

Clipper Panorama, the second of Seatruck Ferries? eight newbuildings, enters service on the Irish Sea service linking Warrenpoint with Heysham on Sunday, January 25.This new roro freight ferry will join sistership Clipper…

The number of containerships laid up is growing very fast according to French maritime consultant AXS-Alphaliner. It projects that the volume of containerships on standby will jump to the equivalent of 750,000…

Vale, the Brazilian mining giant, signed a contract with three national shipyards for the construction of 15 new tugs, 32 barges and two pushers. With the order, Vale will be investing $171.1…

Five more heavylift vessels will be added to Amsterdam-based BigLift Shipping. The 17,500 dwt 1A ice-class vessels will each have two 400-tonne cranes and one 120-tonne crane. These "D-4" ships are further…

It appears there is now no way back for cash strapped C&Heavy Industries, a medium sized Korean shipyard and important part of shipping conglomerate C&Group. The Mokpo-based yard had all credit cancelled…

The 6.3 trillion won deal to sell a controlling stake in Daewoo Shipbuilding & Marine Engineering to Hanwha Group collapsed yesterday on differences over payment terms. Korea Development Bank decided to scrap…

Shipbuilding has been identified as one of ten mainstay industries that the Chinese State Council will pump urgent cash into in order to stave off disaster, local media has reported. China has…

The Quebec-based shipbuilder Davie Yards Inc has been advised by its largest client, Cecon ASA (Cecon), that it has received a notice of cancellation of its $200 million senior secured credit facility…