Wärtsilä has acquired the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition…

The China State Shipbuilding Corporation (CSSC) plans to turn its subsidiary, the Jiangnan Heavy Industry (JHIC), into the biggest specialized marine equipment and ship fitting supply base in China in the next…

A $1.23 billion project to build a North-South express sea route using specialised vessels has been submitted to the Vietnam government for approval. The sea route for cargo and passenger transport was…

China State Shipbuilding Corp (CSSC) is putting its entire 100% stake in Guangzhou Wenchong Shipyard Co Ltd up for sale, with expected price set at RMB 3.041 billion ($443 million). Industry analysts…

Martin Lorenz, tanker division chartering manager for Torm, said long range tankers had been slowed from 16.5 knots to 14.5 knots which has reduced fuel consumption from 55 tonnes to 40 tonnes…

Samsung has won a 1.58 trillion won ($1.5 billion) order from Kuwait's United Arab Shipping Co. (UASC) for nine large container vessels, the biggest order for both companies. The first of the…

Rickmers-Linie, the Hamburg-based specialist in the global transportation of breakbulk, heavylift and project cargo, has increased from ten to 14 the number of multi-purpose heavylift newbuildings for its expanding liner service network.…

Italy's minister for economic development Claudio Scajola aims to list state-owned shipyard Fincantieri SpA "if possible by the fall", according to a report in Sunday's La Stampa that quoted the minister. The…

The Polish government has met an EU deadline for plans on restructuring three shipyards, the treasury minister said on Friday. The shipyards at Gdansk, Gdynia and Szczecin received state subsidies after Poland…

Australian fast-vessel builder Austal Ships Pty Ltd. has prolonged its long-standing technical and commercial partnership with classification society Germanischer Lloyd (GL). Austal shipyard entrusts GL exclusively with the newbuilding classification of all…