Shipbuilding News


The Attractions of Azipod Propulsion

Jan 11, 2016

Destined for installation on board one of the highest profile cruise ship deliveries scheduled for 2016, the latest Azipod XO podded propulsion recently departed from the ABB factory in Helsinki. The unit, which commands 20.5 MW of power…

Jim Miller Nominated Chairman of Philly Shipyard

Jan 11, 2016

Philly Shipyard ASA (Oslo: PHLY) announced that Jim Miller has been nominated to be Chairman of the Board of Directors of Philly Shipyard. Mr. Miller previously held this role from 2011 until 2014. This nomination is expected to be approved at an extraordinary general meeting on February 1…

Japanese Consortium Pulls Out of Brazilian Shipyard Ecovix

Jan 08, 2016

A consortium of Japanese shipyards decided to sell its stake of Ecovix, which controls the Rio Grande Shipyard, reports Reuters. Mitsubishi Heavy Industries, four other shipbuilders said in October 2013 acquired 30% of Ecovix-Engevix Construcoes…

Bleeding Continues for Korean Shipbuilders

Jan 08, 2016

South Korea's big three shipbuilders are set to post over 8 trillion won (US$6.66 billion) in operating losses in 2015 because the industry has not found a way out of a prolonged slump, reports Yonhap. According to the industry data, the top three shipyards - Hyundai Heavy Industries Co…

ICE Seeking 50 Engineers for Expansion

Jan 07, 2016

Independent naval architecture and marine engineering consultancy ICE has expanded the design facilities of its subsidiary in Galati, Romania and is recruiting 50 additional engineers to help deliver its order book, the firm announced today…

Chinese Shipping to Face Wave of Bankruptcies

Jan 07, 2016

The Shanghai International Shipping Institute (SISI) predicts a surge in bankruptcies within China's dry bulk shipping industry, Reuters reports. The overall business climate in China continues to deteriorate and dry bulk shipping companies…

U.S. Shipbuilding: Funds Available for Small Shipyards

Jan 06, 2016

Maritime Administration announced funding availability for small U.S. shipyards; grants aim to help yards modernize and improve efficiency The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the availability of $4…

Star Bulk Offloads Four Capesize Vessels

Jan 05, 2016

Star Bulk Carriers has entered into agreements to sell four newbuilding Capesize vessels to unaffiliated third parties for an aggregate gross price of $148mln. The vessels are currently under construction in China at Shanghai Waigaoqiao Shipbuilding…

Seaspan’s Vancouver Shipyards Appoints Brennan

Jan 04, 2016

Seaspan announced that Ian Brennan has joined Seaspan’s Vancouver Shipyards (VSY) as Vice President, Supply Chain Management & Contracts. Brennan job will be to provide the strategic leadership and day-to-day oversight and direction of supply chain…

Australia Submarine Contract Award in Final Stage

Jan 04, 2016

The Australian government has begun its final evaluation of bids from Japan, Germany and France to choose the maker of its next-generation submarine and is expected to make its decision by the end of June, reports the Japan Times.  The…

Reederei NSB Widens Panamax-class Container Vessels

Jan 01, 2016

In an unprecedented endeavour, the ship manager Reederei NSB is widening its Panamax-class container vessels. DNV GL, the class in charge, is on board, says a report in DNV GL, Maritime Impact. Too young for scrapping, too old to compete…

China's Wuzhou Ship Repairing Goes Bankrupt

Jan 01, 2016

China's  state-owned shipbuilder Zhoushan Wuzhou Ship Repairing & Building Co. Ltd (ZWSRB)  is first government-backed shipbuilder to go under since sector started having problems last year. Zhoushan Intermediate People's Court said it…

Korea to Create $1.2bln Shipping Fund

Dec 31, 2015

The South Korean government will create a US$1.2 billion ship investment fund to aid the shipping industry which has been struggling due to decreasing global trade.  A report by South Korea's Yonhap News Agency said the fund will help shippers buy and sell vessels with less financial risk…

Egypt Receives First Submarine from Germany

Dec 30, 2015

According to German Ambassador Julius Georg Luy, one submarine was delivered to Egypt on December 10 while two others are awaiting delivery from Germany. The first of four submarines for the Egyptian Navy has been launched in Germany by Thyssen Krupp Marine Systems…

Russia, Iran in Shipbuilding MoU

Dec 29, 2015

Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Russian Krasnye Barrikady Shipyard has signed an Memorandum of Understanding (MoU) for ship building activities. According to a report by MNA, the MoU was signed by…

Current News

Great Lakes Limestone Trade Up in June

Consilium Safety Group Appoints New Chairman of the Board

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

MDL Leases Land for Peterhead Offshore Project Support Site

Subscribe for Maritime Logistics Professional E‑News