Author: Importer

South Korea plans to invest $3.4 billion over the next 10 years to nurture the nation's marine technology, the government said recently. A total of $3 to $4 billion will be spent…

Italian classification society RINA has launched a series of dedicated training courses for ship operators and shipyards, under the banner of the RINA Academy. Courses are currently available in the RINA head…

News that the US Navy's new destroyer/cruiser replacement ? DD(X) ? has been axed comes as a major blow to the Navy and to the US military in general. DD(X) has been…

The Dutch-based company Fugro has signed a long term charter agreement (with a purchase option per 2013) with E Forland Shipowners for a new-build ROV offshore construction and subsea support vessel. The…

Halul Offshore Service (HOSC), a leading Qatari offshore support services company, has signed a contract with a Singapore-based ship builder for the construction of four safety standby vessels at a cost of…

Following yesterdays announcement that China State Shipbuilding Corp. and China Shipbuilding Industry will be building 18 crude oil tankers for Petróleos de Venezuela (PDVSA), Venezuela has ordered another 24 new tankers to…

BAE Systems and VT Group have abandoned talks concerning a joint takeover of UK naval services group Babcock International, arguing that the surge in the company's share price meant it no longer…

A south Tyneside shipyard which faced extinction a year ago has doubled its workforce and bounced back to commercial success. In stark contrast to struggling Swan Hunter, which could close soon due…

Daewoo Shipbuilding in South Korea has won contracts for two LNG RVs and two LPG carriers valued at $730 million for delivery by July 2009. The two 150,900 cbm LNG RVs were…

Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO) has managed to conclude an agreement worth $5 billion on the development of marine industries and shipbuilding with Venezuela. In addition, Iran, Venezuela and…

CSSC has clinches 45 ships of 3.37 million DWT, 252% up compared with the same period last year. For the first three months, CSSC has delivers 1.45 million DWT. As at the…

A 300,000-tonne floating dock, the largest of its kind in the world, went into service recently in northeast China's coastal city of Dalian. The dock, which is 340 metres long, 76 metres…

A deputy head of the Islamic Republic of Iran Shipping Lines (IRISL) predicted that the country?s shipping business would need some 450-500 ships in the next 15 years in order not to…

Petroleos de Venezuela SA (PDVSA) may buy 18 oil tankers from China for $1.3 billion as South America's largest oil company seeks to boost exports to Asia. Preliminary orders for the tankers…

The Qatar Gas Transport Company (Nakilat) is expected to procure 50 LNG ships by 2012 with delivery slated from the third quarter of 2007 until 2012. The ships, a combination of 215,000…

Concordia Maritime in Gothenburg and Brodosplit shipyard in Croatia have issued final approval of the newbuilding contract for vessels number seven and eight in Concordia Maritimes P-MAX-series. These 65,200 dwt vessels are…

Aker Yards has confirmed an optional agreement with Nordcapital Holding GmbH & Cie. KG in Hamburg, Germany for the building of two UT 755LN Platform Supply Vessels. The Contract value is approximately…

Korea Line placed an order of a 105,500DWT tanker with an unspecified Japanese shipbuilder at a price of $55 million for delivery during first half of 2009.

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has placed orders for five 6.400 TEU container ships with the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. (Koyo Dockyard Co., Ltd.). These newbuildings are scheduled for…

The Greek-based easyCruise and Neorion Holdings have signed a letter of intent for the construction of two cruise ships with the option for a further two in Neorion Holdings? shipyards in Greece.…