South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier. Harim, partnering with JKL Partners…
China Shipbuilding Industry Corporation (CSIC) and China Ocean Shipping Company (Cosco) are being probed in China’s national anti-corruption scheme, according to a report in the Reuters. The Central Commission for Discipline Inspection…
South Wales maritime engineering company Mustang Marine has rebranded as Mainstay Marine Solutions. The Pembroke Dock based workboat, marine energy device and waterside infrastructure specialist has adopted a new name and corporate image following its first year under new ownership…
SENER has commemorated the 50th anniversary of FORAN, its CAD/CAM/CAE system for designing naval vessels and marine structures, created by SENER’s cofounder José Manuel de Sendagorta in the 1960s. Today it is the world leader in marine technology and…
The world’s largest listed crude-tanker operator Euronav is planning to buy 18 tankers for around $1.2 billion in one of the biggest deals involving oil carriers this year, reports WSJ. The reports says that Euronav is in advanced discussions…
India's largest private shipbuilding company ABG Shipyard is in talks with Privinvest Holding SAL to sell stake. A report says that Privinvest is expected to acquire up to 49% stake in ABG. A report in the ET NOW says both the companies…
The “Rules and Regulations for Construction and Classification of Indian Naval Combatant Ships”, developed by Indian Register of Shipping were formally released by the Chief of the Naval Staff, Admiral RK Dhowan, PVSM, AVSM, YSM, ADC on 09 June 2015…
China’s total international shipping volume will reach 6.2bn tons, which will account for 17% of the world’s shipping volume, says 2030 China Shipping Development Outlook report published by the Shanghai International Shipping Institute. Container…
India has undocked its first indigenously-built aircraft carrier INS Vikrant at a simple ceremony at Cochin Shipyard Limited (CSL) in Kochi, reports PTI. As of this week, the INS Vikrant, with a completed hull and internal structure, is…
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division was honored at the DirectEmployers Annual Meeting and Conference for its work hiring and promoting veterans. The shipyard's talent acquisition team won the overall award in the…
“Two brothers united are stronger than a city,” goes the biblical paraphrase. Surely, brother-sister tandems are also implied.According to local business records for Ulsteinvik — a swampy but beautiful corner of coastal Norway — Ulstein Group…
Oman Drydock Company (ODC) informs it has appointed one of Oman’s most experienced maritime professionals as deputy CEO to help support and grow its expanding operations. Taking up the role of deputy CEO, Dr. Ahmed Al Abri, draws on 17 years…
Samsung Heavy Industries (SHI) has announced that it is to build three shuttle tankers for Teekay Offshore Partners, at a total price of $365m and the contract includes an option for an extra vessel. The contract was signed in Oslo where Nor-Shipping 2015 was held…
South Korea’s Dae Sun Shipyard has won an order to construct one 1,800-teu feeder container vessel for compatriot ship-owner Dongjin Shipping. The newbuilding feeder vessel is scheduled for delivery in early 2017. The eco-friendly feeder…
Damen Maaskant Shipyards Stellendam is constructing an innovative razor shell dredger for the Dutch fishing cooperative YE 118 Noordland BV. The 43-metre vessel, sharing the same name as the cooperative, shows how a standard Maaskant design…