Larsen and Toubro Ltd (L&T), India's largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for…

Gulf Fleet Management has selected ABS Nautical Systems, LLC fleet management software as the foundation for its future operations. Opting for a near sweep of the Nautical Systems? NS 5 software suite,…

U.S. Congress is currently drafting the 2009 economic stimulus package, and 'The Green Marine Highway Initiative' is in contention for inclusion, as it will create over 20,000 new jobs in shipbuilding, steel…

STX Europe has signed contracts for delivery of design and ship equipment for four platform supply vessels of STX Europe's own design PSV 09 CD. The total value of the contracts amounts…

Wärtsilä and the Alfred Wegener Institute for Polar and Marine Research, part of the Helmholtz Association, yesterday presented in Berlin the technical design of the European Research vessel 'Aurora Borealis', a multi-purpose…

In an unusual move IMO's maritime safety committee has instructed the UN agency's secretary-general, Efthimios Mitropoulos, to voice IMO?s concerns over EU plans to force class societies to recognise each other's certificates.…

Singapore-listed Cosco Corp said that a customer has scrapped orders for two of five bulk carriers because of unfavourable market conditions. The Chinese ship building and repair firm will also postpone delivery…

Maersk Line is to lay up eight 6,500 TEU vessels following the recently announced changes in its Asia - Europe, Asia - Central America, and Transpacific service networks. This resulted in surplus…

Carnival Corp. has sued Rolls-Royce for more than $100 million over allegations that Rolls-Royce marketed and sold defective propulsion systems for the Queen Mary 2.The system, known as the Mermaid pod propulsion…

Hanjin Heavy Industries is proceeding with its plan to build a $2 billion shipyard project in the southern Philippines, Trade Secretary Peter Favila said. "Company officials told me that they are proceeding…