Author: Importer

Singapore-based Pan-United Marine has booked a record full-year profit of $36.7 million thanks to a healthy newbuilding order book and higher valued ship repair and conversion jobs. For the three months to…

Penglai in China clinched two 5,800 dwt chemical tankers from Wisby Tankers for delivery during 2008. Ship price per unit is $15 million. Tsuji Heavy Industries secured two 29,000 dwt bulk carriers…

The US-based Edison Chouest Offshore (ECO) plans to build several new anchor handling towing supply vessels (AHTS), as well as more than a dozen new generation 280-ft. platform supply vessels (PSV) in…

Aker American Shipping ASA and Overseas Shipholding Group, Inc. have signed an agreement in principle whereby Aker American Shipping subsidiary, Aker Philadelphia Shipyard, will construct up to six additional Veteran Class MT-46…

Recently, Fuel Cell Boat BV, a consortium of Dutch companies, came to an agreement to develop and build the world?s first commercially operated hydrogen powered boat. This vessel will be used in…

The Chinese-Polish Joint Stock Shipping Co, (Chipolbrok), has signed a contract to build six more crane-equipped vessels. The move comes as the company expands its fleet to capitalize on the rising demand…

The US Coast Guard (USCG) has authorized DNV to carry out plan reviews and inspections on its behalf of all types of offshore units which are operating on the Outer Continental Shelf…

CSSC-MES Diesel Co., Ltd., a joint venture company to manufacture marine diesel engines of CSSC in China and MES in Japan has won an order for three 8K98MC main diesel engines. These…

The joint venture agreement named "CCS & DNV Technology Institute" was signed this week by China Classification Society (CCS) and DNV. The institute which is to be established in Shanghai aims to…

Hanjin Shipping has put into service the 6,500 TEU ?Hanjin Tianjin? and ?Hanjin Xiamen?, its latest containership newbuildings, on its Asia-Europe trade. These 27 knot high-speed newbuildings are the fourth and fifth…

Residential Cruise Line (RCL) has signed a Memorandum of Understanding (M.O.U.) with Aker Yards to build the world's largest and most luxurious residential cruise ship, the ?Magellan?.Designed by the Norwegian firm of…

The newly formed company Marine Subsea Inc. has signed a contract with Ulstein Verft AS to build a well intervention ship of the type ULSTEIN SX121 from Ulstein Design AS. This is…

Taiwan took another step to distance itself from China by removing or toning down 'China' from the names of two state enterprises. The Economics Ministry ordered the Chinese Petroleum Corp (CPC) to…

Construction work on the $20 million Arab Shipbuilding and Repair Yard Co. (Asry) slipway project was recently started. The contract for the project, to be completed by February 2008, was awarded to…

The Korean shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received order to build a total of nine LNG carriers. DSME will build five of the gas…

Hyundai Heavy Industries (HHI) benefited from the global boom in shipbuilding by managing almost to quadruple its profits in 2006. Profits reached a record 712.8 billion won ($761 million) in 2006, up…

The 50,800 DWT container vessels ?Bahia? and ?Bahia Blanca? built for Hamburg Sud have been christened at the yard of Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, Korea. The two new…

Awilco Offshore (AWO) has, through its fully owned subsidiary OffRig Drilling, exercised an option with Yantai Raffles Shipyard in China to build the company?s third semi submersible drilling rig, to be named…

Wärtsilä has signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology products for separating waste such as oily water and…

Bharati Shipyard in Mumbai, India, has signed a $130.5 million contract with Clipper Group (Management) Ltd. of the Bahamas to build six 20,000 dwt geared bulk carriers. These newbuildings will be of…