South Korean shipyards have sharply raised their order targets for next year on expectations that the shipbuilding sector will improve, Yonhap reported. The country's three major shipyards - Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME)…
Japan’s Kawasaki Heavy Industries (KHI) diverts more shipbuilding work to its joint-venture yards in China, local media says. According to a report in Nikkei, KHI will step up commercial shipbuilding in China and scale down production in…
The second phase of an International Maritime Organization (IMO)-implemented project to enhance safe and environmentally sound ship recycling in Bangladesh is set to begin in January, following a US$1.1 million funding agreement with Norway…
Great Intelligence, the first China smart ship, was presented with Lloyd's Register (LR) cyber-enabled ship (CES) descriptive notes. Great Intelligence was designed by Shanghai Merchant Ship Design and Research Institute (SDARI) and built at Guangzhou Wenchong Shipyard Co…
China's first 'smart' ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai, according to official media Xinhua. China Daily also reported that the world's first smart ship, developed and built by China State Shipbuilding Corporation (CSSC)…
Hempel has launched Hempadur Ultra-Strength Fiber 47510, a new cargo hold coating said to deliver up to 40 percent reduction in cargo holds maintenance costs, according to the coatings manufacturer.Hempel said the new coating is specifically…
A world class Center of Excellence in Maritime and Ship Building (CEMS) is being set up by Ministry of Shipping in collaboration with Siemens and Indian Register of Shipping (IRS) under the Ministry’s flagship Sagarmala Program. CEMS will have campuses at Vishakhapatnam and Mumbai…
Norwegian-headquartered ballast water treatment (BWT) specialist Optimarin said it has become the first manufacturer to offer a five-year parts and servicing guarantee. It’s a move that, according to CEO Tore Andersen, has the potential to redefine…
The Minister of Shipping in India, Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a INR 970-crore (USD 148 million) International Ship Repair Facility (ISRF) for Cochin Shipyard Limited…
Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards signed a memorandum of understanding (MoU) for cooperation in shipbuilding industry, reports Trend News Agency. The deal envisages cooperation in manufacturing advanced offshore vessels in Iran…
Shipbreaking plot no. 54 in Gadani, Pakistan, was sealed off after a massive fire broke out on-board the ship ACES (IMO 8021830), said NGO Shipbreaking Platform. This is the same floating oil production tanker that blew up on 1 November last…
South Korean yard giant Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier, Yonhap said…
Eniram, a Wärtsilä company, has signed a five-year service agreement with Corsica Linea to take them to the forefront of digitalization and performance management. The agreement covers the fleet owned and operated by Corsica Linea between Marseilles and Corsica…
Crowley Maritime Corp. said it has retrofitted two of its heavy lift, flat-deck barges, 455-3 and Marty J, to provide additional capacity to customers shipping cargo between the U.S. mainland and Puerto Rico.With the 455-3 sailing early Tuesday morning from the Port of Jacksonville…
To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015…
