The cash-strapped Indian shipbuilder ABG Shipyard will likely close the deal for a 51 per cent stake sale by the end of this financial year, its managing director and CEO Syed Abdi said. Syed said the company had narrowed it down to one…
The NGO Shipbreaking Platform and Transport and Environment (T&E) have criticized Maersk Group’s decision to beach their end-of-life vessels in Alang, India. But, Four of the 167 ship recycling yards have won compliance status with a global…
Repair yard Grand Bahama Shipyard Limited (GBSL) is in store for a busy year, with 20 cruise vessels booked for repair, maintenance and overhaul work in 2016. The scope of projects includes propulsion and technical systems overhaul, accommodations…
“We don’t usually remove the heads at mid-life on the Cummins engines,” Randy Beckler, Shore Engineer for Seaspan Marine, explained in reference to the 2003 launched Seaspan Venture’s third like-for-like repower. The repower was completed in the first week of February 2016…
The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions, says BIMCO. 2016 has shown no improvements so far and prospects for the rest of the year are not looking promising…
Ignoring industry leaders and human rights and environmental organizations, ship owners continue to profit from dangerous and dirty shipbreaking practices on South Asian beaches in 2015, according to new data released today by the NGO Shipbreaking Platform…
The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company, ISRAEL CORPORATION. Combined, these shipping companies…
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment. 'January is usually an off-season for shipbuilders…
Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time…
Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33…
Damen Shiprepair Amsterdam (DSAm) reports that it is currently working on a modification and maintenance contract for six inland cruise vessels owned by Viking River Cruises. With this winter service complete, all six vessels – known as longships – will be ready for the coming river cruise season…
General Dynamics Electric Boat expects to hire nearly 4,000 people in the coming years as it ramps up production on Navy submarines, the Associated Press reports. Electric Boat is projecting a positive outlook for 2016 for revenue and employment…
A ship Venezuelan flag, name VFM Alita sank last week in Caribbean waters of the Panama Canal after colliding with another anchoring vessel, which caused hole above the waterline and water ingress. According to the information revealed on Sunday by a Panamanian official source…
Top luxury cruise line Regent Seven Seas Cruises says it's investing $125 million to renovate three of its ships. Beginning with Seven Seas Navigator (built in 1999) this spring, the public spaces and suites of the Regent fleet will be updated to match the style of the new Seven Seas Explorer…
Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization (IMO)’s Sub-Committee on Ship Design and Construction (SDC). People travelling…