The Japanese are targeting offshore as a major future source of revenue. Nippon Yusen Kaisha has just announced the establishment of an Offshore Business Group under its Bulk Energy Transport division, starting…

Six government-owned shipyards will be sold in Croatia before 2009. The yards in question are Brodosplit in Split, Brodotrogir in Trogir, Kraljevica in Kraljevica, Maj in Rijeka, Uljanik in Pula and Viktor…

China International Marine Containers (CIMC) is picking up close to one third (29.9 %) of Yantai Raffles Shipyard Ltd. for $327 million, lower than the previously announced 566 million in March 2008.…

MOL-operated iron ore carrier Brasil Maru has been selected as the Ship of The Year for 2007 by Japan Society of Naval Architects and Ocean Engineers. The selection committee noted that the…

The world's largest and most environmentally adapted car and truck carrying ship, Aniara, was named today in Bremerhaven, Germany. Built at the Daewoo Shipbuilding and Marine Engineering yard in Korea, the 71,673…

STX Shipbuilding has won a 129-billion-won ($120 million) deal to build two bulk carriers for an undisclosed European shipping company. Delivery of both vessels is slated by October, 2011.

Hanjin Heavy Industries has won a 215 billion won ($200 million) order to build two bulk carriers. The deal with a European shipping company calls for Hanjin Heavy to deliver the vessels…

The Authority for State Assets Recovery (AVAS) in Romania agreed to the association of the Mangalia Shipyard with German company Lurssen Lar Investment. The association is the last stage provided by the…

The FBMA Marine Inc. shipyard in Balamban, Cebu, Philippines, recently launched a 57-metre car and passenger high-speed vessel ordered by the government of New Caledonia, a French territory. President Neko Hnepeune of…

As part of the ongoing efficiency drive, Odense Steel Shipyard Ltd. A/S (Lind?)in Denmark has put Loksa Shipyard Ltd. in Estonia up for sale. Loksa Shipyard became part of the Odense Steel…