Shipbuilding

China laid out a detailed three-year plan in early August to restructure its massive shipbuilding industry, urging local governments to halt approvals of new

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) announced today the winning of a newbuild order for six, 10,000 TEU containerships

A court in Vietnam sentenced two former executives of a state-owned shipping firm to death on Monday for embezzlement, an unusual harsh sentence in a communist

In the last week, the Chinese government announced a series of subsidies for the local shipping market. In general the program has as follows: Chinese

Samsung Heavy Industries confirmed today $300 million in newbuild orders have been placed for a pair of product tankers and a Liquefied Natural Gas Floating

In an exchange filing today, Hyundai Mipo Dockyard in South Korea announced  602.7 billion KRW ($573.4 million) order from BP Shipping for fourteen product

United Arab Shipping Company (UASC) has announced today plans to retrofit its future fleet of ultra-large (14,000 – 18,000 TEU) containerships with

Tsakos Energy Navigation Limited (NYSE:TNP) has announced today strategic partnership with Statoil involving the construction and chartering of five to nine

Singapore's Keppel Corporation Ltd, the world's top offshore drilling rig maker, said it plans to build its first drillship despite not having a buyer lined

Bollinger Shipyards delivered the 154 foot patrol craft CHARLES SEXTON yesterday to the 7th Coast Guard District located in Key West, FL.  She is the

China offering up to $247 per gross ton with new "Cash for Clunkers"

Wärtsilä has announced an order today from chemical tanker owner Stolt Tankers B.V. to supply the complete main propulsion systems for six new 38,000

By Adam Jourdan and Keith Wallis RUGAO, China/SINGAPORE, Dec 6 (Reuters) – Deserted flats and boarded-up shops in the Yangtze river town of Changqingcun

Japanese shipbuilders Mitsubishi Heavy Industries (MHI) and Kawasaki Heavy Industries (KHI) have received newbuild orders today from Astomos Energy Corporation

China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, said on Wednesday it expects to report a substantial full-year loss just

The German Navy will receive the first of four new ships ordered from ThyssenKrupp later than expected, the defence ministry and the company said on Monday,

Canadian police have arrested a man and charged him with trying to leak classified information related to the country’s national shipbuilding strategy

Swedish tanker owner Terntank has stepped forward and placed the first order ever for the new Wärtsilä 5RT-flex50DF dual fuel, low pressure, 2-stroke

Arctech Helsinki Shipyard said Wednesday it has won a public tender from the Finnish Transport Agency for the construction of a new dual-fuel icebreaker for

With nearly 16+ percent of the world dry bulk fleet due for delivery in the next 2 1/4 years, there will not be enough demand to support total capacity