Author: Importer

Starting as early as the second half of this year, Korean shipbuilders plan to build value-added mega cruise ships in a bid to keep ahead of arch-rival China. The idea was broached…

The U.S. Navy is cancelling a widely criticized Lockheed Martin Corp. contract to build a next-generation combat ship after negotiations to control cost overruns failed. "We're disappointed but we have to have…

Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a $305 million contract to construct a 440-person North Sea accommodation semi-submersible for Floatel International (Floatel).…

Following hard on the heels of their announcement of winning an order for a semi-submersible oil rig, Yantai Raffles Shipyard in China has received a contract from Saipem (43% owned by Eni),…

Cala Corp. based in Titusville, Florida, and trading under the ticker of CCAA, has submitted its proposal to Marsa Shipyard to construct the first ?undersea resort ship? in history. The proposal was…

Golden Ocean Group Ltd. has acquired two newbuilding contracts each at Daehan Shipbuilding in South Korea and Zhoushan Jinhaiwan Shipyard in China. According to the company, the vessels of 170,000 dwt and…

Daesun Shipbuilding in South Korea wins a new order for a chemical tanker from ship owner in Marshall Islands at the price of W 71.5 billion. Delivery will be made in November…

Petroleo Brasileiro SA, Brazil's state-controlled oil company, may purchase tankers from Brazilian shipyards to export ethanol as the company moves to quadruple foreign sales of the biofuel. The ships would expand a…

Seaspan Corporation has signed contracts to build four 4,250 TEU container ships at Jiangsu New Yangzi Shipbuilding in China. These new orders are in addition to the ten 2,500 TEU vessels Seaspan…

The Canadian federal government has announced it will spend $284.5 million to purchase six new vessels for the Canadian Coast Guard.The vessels, which will be phased into the existing coast guard fleet…