Ten new medium range product tankers will join the fleet of state-owned Oman Shipping Company (OSC) in the next one year, taking the total strength of the fleet to 53 from 43 now, reports Times of Oman. According to the chief executive officer of Oman Shipping Company Tarik Mohammed Al Junaidi…
China is offering to build submarines for Egypt that are cheaper than vessels on offer from Germany, sources told Reuters, as Beijing looks to enhance weapons exports over a normal patron bottom in Asia. According to sources, Beijing has…
Singapore Technologies Marine Ltd (ST Marine) delivered the second Patrol Vessel RNOV Shinas to the Royal Navy of Oman (RNO). The Company also held the Naming Ceremony for the third PV RNOV Sadh built for the Navy. The Guest-of-Honour was the Commander of the Royal Navy of Oman…
With China’s COSCO confirming its $1.5-billion order of 11 new 19,000 TEU ships for delivery in 2018, the “arms race” for Ultra Large Container Vessels (ULCV) of over 18,000 TEU continues but carriers are having to be more creative when deciding where to deploy smaller deliveries…
Lee Jin-bok, a lawmaker of the ruling Saenuri Party in Korea says that the government has given an 'incentive for mutual growth' to Korea's major shipbuilders while they are accused of an unfair business practice. The three shipbuilders - Hyundai Heavy Industries…
The Evergreen Group, Taiwan's largest container shipper, has signed an agreement with Japan's Imabari Shipbuilding Co. to build 10 new container vessels with a capacity of 2,800 20-foot equivalent units (TEU) to expand its fleet. The new…
A large container ship produced by Shanghai Waigaoqiao Shipbuilding Co., Ltd. was delivered to leading French container shipping group CMA CGM on Saturday in Shanghai, reports Xinhua. The vessel is named 'Zheng He' after the famous ancient Chinese navigator…
Evergreen Group has signed an order with Japanese shipbuilder Imabari for ten 2,800 TEU class B-type vessels yesterday. These are in addition to the order for ten similar vessels announced last month from CSBC in Taiwan.The latest contract was signed by EMC Chairman Mr…
Press release- With over 50 years behind him in ship and boatbuilding and civil engineering, Alastair Brown, Commercial Manager of Alnmaritec in Blyth, Northumberland, has announced his retirement. With a family background in engineering…
Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container shipping having sent freight rates to levels that at times don't even cover the fuel cost of moving containers across oceans…
Seaspan, an association of Canadian companies primarily involved in coastal and deepsea transportation, bunkering, ship repair and shipbuilding services, named three senior leaders to its corporate executive team, the company announced today…
The world’s oldest enclosed commercial wet dock in Liverpool, North-west England is celebrating its 300th anniversary. Known locally as the ‘old dock’, it opened for business on 31 August 1715, providing a blueprint for the development of other trading ports…
Japanese shipbuilding and maritime transport company Tsuneishi Holdings will invest up to $40 million to open ship repair services in Indonesia amid increasing efforts by the government to boost the archipelago's maritime industry, reports Jakarta Globe…
The UK chamber of shipping has launched 'The Bribery Act 2010; Practical Guidance for the Shipping Industry”. The guidelines will be launched at an event for members and shipping industry professionals as part of London international shipping week…
The Swedish government has proposed a Swedish tonnage tax system. The aim is for Swedish shipping companies to compete under equal conditions with companies in other countries in Europe.At Donsö Shipping Meet 2015, the Minister for Infrastructure…
