South Korea will pump $9.5bn (11 trillion won) into state-run policy lenders reeling from huge losses on loans made to the beleaguered shipbuilding and shipping sectors to help them deal with further corporate distress, says FT. South Korea's…
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic…
Plans for a second heavy icebreaker for service on the Great Lakes have taken another step toward reality with Senator Tammy Baldwin (D-Wisc.) including $2 million for initial survey and design work for a vessel that is at least as capable as…
A steel cutting ceremony for Seabourn Ovation, the second of two ultra-luxury vessels which Fincantieri is currently building for the shipowner Seabourn, a brand of Carnival Corporation, was held June 7 at the shipyard in Sestri Ponente, Genoa…
Damen has commenced construction of two identical Crane Barge 6324 vessels. Designed as a particularly cost effective transshipment platform, the barges are being built on a speculative basis in response to client demands to ensure short delivery times…
Waigaoqiao Shipbuilding, subsidiary China CSSC Holdings Ltd is about to establish a cruise liner development company in Shanghai along with Guangzhou Shipyard International Co Ltd and two ship design institutes, says a report in China Post…
Statistics show an increase in the UK registered trading fleet for the first time in four years, rising by 8%. However, the figures also show a fall of 18% in UK owned tonnage. UK Chamber CEO, Guy Platten has welcomed these signs of nascent recovery in the UK Ship Register…
A unique program of three specialist events for the sub IMO / sub 24 meter professional sector is being held back to back at the Grand Harbor in Southampton, U.K. this October. The fast moving workshop style program brings together an international…
Hyundai Heavy Industries Co. (HHI) struck a $400 million worth deal to build two liquefied natural gas (LNG) carriers for SK Shipping Co., a Korean shipowner. According to the sources, the vessel can carry 180,000 cubic meters of LNG.…
Irish Ferries’ parent company, Irish Continental Group (ICG) has signed an agreement with German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) to construct a new cruise ferry costing EUR 144 million (USD 161 million). ICG will…
The Guang Hua Kou, one of the world's largest heavy lift semi-submersible ships, was launched last month at Guangdong Shipyard International. At 98,000 tons, it's one of the largest vessels of its size, anywhere in the world. Though the ship is formally built for COSCO Heavy Transport…
The Canadian navy's British Columbia-based HMCS Chicoutimi will be operational by early next year, says a report by Canadian Press. Vice-Admiral Mark Norman said a problem with some of the welding on HMCS Chicoutimi as well as HMCS Victoria was discovered late last year…
The sixth diesel-electric submarine for Russia's Black Sea fleet was launched Tuesday at a shipyard in St. Petersburg, says Russian News Agency TASS . The Varshavyanka-class sub, named Kolpino, is an advanced version of what NATO designates as a Kilo-class submarine…
Strategic Marine announced the kick-off of its first collaboration with PT. Pelayaran Tanjung Kumawa, expecting to deliver an exclusive luxury crewboat in November this year.“The vessel is currently under construction at Strategic Marine’s facility in Vietnam…
DNV GL has added to its registry as of March 2016 a new vessel built for Ceylon Shipping Corporation (CSC), a fully Sri Lanka Government-owned commercial enterprise and company with a 45-year-long tradition in shipping. Bulk carrier “Ceylon Breeze” built at the AVIC Weihai Shipyard Co…