Author: Importer

SembCorp Marine in Singapore has clinched a contract to build a gas production platform to be installed offshore in Brazil. The deal is worth $550m and the platform will be built by…

Baoshan Iron & Steel Co, China's largest steel mill, started construction of a $750 million project to make special alloy plates and coils in Shanghai. "This is to meet the growing demand…

SK Shipping in South Korea has placed an order for two 318,000 dwt double hull VLCCs. Total contract price is $250 million and delivery is scheduled for second half of 2009. The…

The National Transmission Corporation (TransCo) recently signed a memorandum of understanding with Hanjin Heavy Industries & Construction (HHIC) for the direct power connection of Hanjin's shipbuilding facility to be built inside the…

China will need 40 to 50 additional VLCCs over the next five years due to the increase in the country's crude oil imports and exports, an industrial insider said on Thursday. Henrik…

Norwegian Coastal Voyage's ?MS Fram?, currently being built by Italian shipbuilder, Fincantieri, is on schedule for its maiden voyage in April, 2007. The 12,700-ton, 328-berth, eight-deck ship, the first cruise ship built…

Lehman's New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of the US shipbuilder Atlantic Marine Holding within a few weeks, according to a spokesman for Atlantic Marine.…

USS Product Carriers LLC, a newly created wholly-owned subsidiary of U.S. Shipping Partners LP, has entered into a contract with the National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics…

Dutch shipowner Anthony Veder has ordered its first LNG tanker. Using a relatively small ship, the Rotterdam-based shipping company wants to provide a regional LNG feeder service from the large import terminals.…

Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114 million and…

A Chinese shipyard leaped to fifth position in the global shipbuilding industry in terms of order backlog for the first time, posing a potential threat to South Korean shipyards currently holding a…

Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and…

Samsung Heavy Industries clinched an order for a drillship from a European shipowner. Contract price is $583 million and delivery is scheduled for June 2009.

Construction work on the Limbe shipyard project in Cameroon is expected to be completed in December 2007. This was one of the revelations of a two-day adhoc committee meeting in Limbe during…

The long drawn out privatization process of the Spanish shipbuilding company IZAR was finalized yesterday when the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) announced the sale of the shipyard…

BAE Systems has received a Letter of Intent (LoI) from the Government of Malaysia for the procurement of two frigates for the Royal Malaysian Navy (RMN). The project represents a highly significant…

More details have now been received regarding the sale of IZAR. Spain's government has now agreed to sell three shipyards to local shipbuilders as part of the privatization of troubled shipbuilding company…

ABS has released an enhanced new version of the CSR SafeShip for Tankers software. The new version 6.8 is an upgrade of the previous version 6.63, which shipyards have been using to…

The Singapore government has placed an order with Damen Shipyards Singapore for 10 specially-designed coastal patrol craft worth $85 million which includes the provision of training, spares and other services. The newbuildings…

With the launch earlier this year of BMT SeaTech Ltd?s new touchscreen version of its world-leading hull stress monitoring system, SMART Stress, ship owners are snapping it up. Already, a number of…