Author: Importer

Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405 million rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter?s exploratory discussions…

STX Shipbuilding plans to challenge the top tier of global ship builders by using Dassault Syst?mes? ENOVIA PLM solution to deploy its process innovation (PI) project, across all three of its production…

The US-based Tricon Marine, a high-quality builder of FRP/Composite luxury yachts up to 55 metres long, has completed construction of China's first and only North American-owned and operated shipyard. Yachts currently under…

The Greek shipping company Danaos recently took delivery of one more containership, the 'Zim Monaco', expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU. The newbuilding has a…

Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its group identity and adopted a more integrated approach to work sharing. Design teams in Ijmuiden, Montrose, Escrick, Bideford and Shanghai will now all operate…

Indian shipbuilders may maintain profit growth in 2009-10 but order intake will deteriorate further as shipping companies stung by a credit crisis and plunging freight rates put expansion plans on hold and…

Manitowoc Co. Inc. in the USA said recently that it has completed the sale of its shipbuilding business to Fincantieri of Italy for about $120 million in cash. Manitowoc said it intends…

Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year…

Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized…

A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry…

Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an…

Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in…

Libya's General National Maritime Transport Company has placed orders for six oil tankers valued at a total of $400 million. The contracts were signed with Samsung Heavy Industries in Korea for four…

Thousands of employees in Croatia's ailing shipyard industry protested yesterday against privatisation plans that are part of reforms required by the European Union. "We are sending a message that we do not…

China may lose as many as half of its shipbuilders next year as the global financial crisis forces companies to close down, Shanghai Securities News said, citing Ren Yuanlin, chairman of Yangzijiang…

Fuel testing agency Lintec Testing Services has warned that three fuel oil samples taken recently from vessels that have bunkered in Riga, Latvia, have shown the presence of Dicyclopentadiene (DCPD), a synthetic…

The naming and launching ceremony of a new 3,735 lane metres RoRo freight ferry took place today in Flensburg, Germany. She is the thirteenth of fourteen RoRo vessels Flensburger is building for…

The credit crunch has taken its first Japanese shipyard to the wall with Tsuji Heavy Industries filing for bankruptcy. Tsuji and four of its group companies filed debts of $834m with the…

India?s largest private sector ship builder ABG Shipyard is running the risk of cancellation of orders for three seismic surveyor vessels worth Rs 1,000 crore ($213m) by the prospective Norwegian buyer due…

Six shipbuilders from South Korea, two from China and one from India are competing for a contract estimated at $540 million to build four 318,000 dwt VLCCs for the state-run Shipping Corp.…