The Gdansk shipyard in Poland may avoid the requirement to pay back PLN 750m of public subsidy. ISD Polska, a subsidy of Ukrainian Donbas, and the owner of Stocznia Gdansk shipyard, is…

Daewoo Shipbuilding & Marine Engineering (DSME) may increase newbuilding prices this year to pass on higher steel-plate costs to customers. "The increase will be a small one," chief executive officer Nam Sang…

The Arab Ship Building and Repair Yard (ASRY) in Bahrain, has announced the formation of a new operating company to be called ASRY Offshore Services, (AOS). ASRY has, over recent years, seen…

Seadrill took delivery of the deep water drilling rigs ?West Phoenix? and ?West Sirius? from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. ?West Sirius? was delivered within…

Kongsberg Maritime in Norway has acquired the Draper, Utah based technology enterprise Global Sim for approximately NOK 100 million. Global Sim delivers products and services in the field of crane simulation for…

Seatruck Ferries, part of the Danish Clipper Group, has received delivery of the first of four newbuildings ordered from the Spanish shipbuilder Astilleros de Huelva. Named Clipper Point, she will be followed…

Hyundai Heavy Industries has developed a new groundbreaking technology that makes it possible to launch a completed ship while continuing shipbuilding work at the same dock. With traditional methods, a vessel that…

Shipping should not be a ?scapegoat? for damage to the world environment, says the head of the IMO, Efthimios Mitropoulos. The IMO Secretary-General speaking in London at the opening of the IMO?s…

Mitsubishi Heavy Industries (MHI)of Japan is making an important investment in Southeast Asia. It will build a ship repair yard as a joint venture with Mitsui OSK Lines, Japanese trading company Marubeni…

South Korean shipbuilder STX Shipbuilding announced the receipt of an order for the construction of its first two 320,000 dwt very large ore carriers. U.K.-based Zodiac Maritime is thought to have placed…