The government in India is planning to revive the subsidy scheme in shipbuilding, discontinued since August 2007. "A cabinet note on the extension of subsidy for the shipbuilding industry will be circulated…

Orders for new container ships have dried up as vessel charter rates and ocean freight rates tumble and volume growth slows on key liner trade routes. Enquiries to shipbuilders about new tonnage…

Exxon Mobil Corp., operator of a planned $11 billion LNG project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply…

Sealink International Bhd, a shipbuilder and operator of offshore support vessels based in Miri, Malaysia, will expand its shipyard for ship repair services in view of the lack of such services in…

BNP Paribas SA said newbuilding orders will slow amid a global credit crunch and economic slowdown. The liquidity crunch is making it difficult for shipowners to borrow money and slowing economic growth…

Wärtsilä Corporation has inaugurated a new extension to its service centre in Chesapeake, Virginia, USA. The building provides increased capacity for propeller repairs and water jet assembly, while creating a service centre…

Deltamarin in Finland recently launched its one-stop Contracting Services. This life-cycle service was launched at the request of its customers and to meet the growing market needs and combines high-quality engineering with…

Rolls-Royce has won a £96 million contract to provide power and propulsion equipment, including four gas turbines, for two of the world's largest warships - the UK?s new 65,000 tonne aircraft carriers,…

MacGregor has merged its RoRo, Dry Cargo and Crane divisions and the self-unloaders part of the Bulk Handling division to form a new Merchant Ship division, which will benefit its two biggest…

Ocean Wilsons Holdings Ltd. (OWH) has reaffirmed its growth strategy by investing in the construction of a new shipyard in Rio Grande, Brazil. The company said Conselho de Autoridade Portuia (CAP), Rio…