News

Prices of steel products, mainly that of mild steel (MS) rods are likely to soar in the country as the ship-breaking industry, the main source of the metal, is virtually out of operation for more than

Hyundai Heavy Industries Co Ltd on Wednesday posted a 10 percent annual fall in second-quarter operating profit as non-core businesses such as electric systems weighed on sales. The world's

China's Bohai Shipbuilding Heavy Industry will soon deliver its first mega bulk carrier to Berge Bulk, local media reported, a move that could put further pressure on the weak shipping sector grappling

Mitsui O.S.K. Lines, Ltd. yesterday announced that the company has donated six 20-foot reefer containers to the Soma-Futaba Fisheries Cooperative Association as part of its support activities

Showing maritime transparency will improve global perception, Ports Authority dir.-gen. says; Israel, Turkey first non-EU countries to sign deal. Talkbacks

The supply of oil tankers seeking 2 million-barrel cargoes of crude from Middle East ports expanded in the past week, according to a Bloomberg News survey of shipbrokers and owners.

Shanghai's Hudong-Zhonghua Shipbuilding has signed orders to build four liquefied natural gas (LNG) carriers worth about $1 billion from joint ventures of Japan's Mitsui OSK Lines (MOL),

Hyundai Heavy Industries Co, South Korea's leading shipbuilder, said that the value of its orders won in the first half of the year jumped 82% YoY due to increased demand for large and high

A study to build a new railway yard in the outskirts of the Dutch city of Rotterdam has been selected by the EU for co-financing under the 2010 TEN-T Annual Calls with a grant of almost €1.5 million,

Businessman Anatoli Kanayev-owned Estonian company Transiidikeskus AS plans to buy a terminal in the Riga Free Port to cope with growing cargo volumes, LETA/Äripäev.ee reports.

Keppel Shipyard Ltd's (Keppel Shipyard) conversion of the FPSO Aseng is on track to complete. The FPSO will be operated by Aseng Production Company Ltd, a joint venture by SBM Offshore

TEX reported that export negotiations on plates for shipbuilding for Korea has started for July to September 2011 quarter shipment since last month, but concrete negotiations are believed to start

Bahamian shipowners Campbell Shipping Ltd. signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,000 dwt double-hull log fitted bulk carriers,

Around 56 ships worth $4.8 billion in total has been ordered to Hanjin Heavy Industries and Construction – Philippines (HHIC-Phil) that will be built inside its Subic shipyard in Redondo Peninsula.

Despite a global recession, financial meltdown and cancelled contracts, the shipbuilding industry has survived and recovered from the wreckage of the last three years and is slowly gaining steam.

South Korea regained its status as the world's leading shipbuilding nation in the first half, taking more than half of the global market in terms of orders measured in weight, the government said Sunday.

China, the world’s largest energy user, plans to more than double production of its coal-bed methane in five years by 2015 to cut reliance on oil and coal.

Ben Kien Ship Yard Company in Hai Phong on July 15 organised a ceremony to hand over a 9,200-tonne container ship named HC MELINA to Germany’s Hanse Capital Group.

The LLX-OSX companies (part of the Brazilian holding group, Grupo EBX) have awarded ACCIONA a contract for the engineering, design and construction of the breakwaters

As a result of the still ongoing concentration on shipbuilding activities in the Far East region and especially China’s position as the number one shipbuilding nation,