Author: Importer

COSCO signed a newbuilding contract with Fujian Mawei Shipbuilding in China for a 32000 DWT timber carrying vessel. No indication of price or delivery was given by the ship owner.

SeaDragon Offshore, a newly formed company, plans to float on the London Stock Exchange next year to raise funds for a $1.5bn drilling rig construction project. SeaDragon intends to build three semi-submersible…

Qatar Gas Transport Company (QGTC) has ordered another QMax LNG carrier which brings to 17 the number of LNG carriers that the company has ordered so far this year. The QMax vessels,…

The Italian company FVH, owner of one of the biggest gas ports in Europe, will become a minority shareholder in the Gda?sk shipyard. FVH will pay $6.64 million, covering what the shipyard…

The demand for ice class ships is growing. Especially tankers are being increasingly sent on transport routes in arctic and sub-arctic regions around the world. Cold and ice are a particular challenge…

Havila Shipping ASA (HAVI) has entered into a new building contract with Havyard Leirvik shipyard for 2 anchor handling tug supply vessels (AHTS). The cost for the two vessels is estimated at…

Rem Maritime in Fosnavag, Norway, has signed a contract with Simek shipyard in Flekkefjord to build two offshore vessels. The contract has a total value of $54 million. Build number 118 is…

Over 100 ships under construction with a gross tonnage (GT) of more than 2.1 million were commissioned in October with Germanischer Lloyd (GL) class. These include container ships amounting to over 1.7…

The South Korean shipbuilder Hyundai Heavy Industries (HHI) announced that its third-quarter profit rose 21% reflecting the higher newbuilding prices of oil tankers, cargo ships and LNG carriers. Net income rose to…

BC Ferries in Canada has awarded Victoria Shipyards the contract to perform major modification work on the replacement vessel for the ?Queen of the North? which sank earlier this year.In capturing the…