General News

A consortium comprising Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha ("K" Line) and Mitsui & Co (Mitsui) has signed a 25 year long-term charter agreement for a…

Wärtsilä Corporation has introduced a new family of face-type seals specifically for water-lubricated stern tubes. These new deep sea seals brand ManeGuard seals are ideally suited to vessels sailing frequently in coastal…

ABS has issued Approval In Principle (AIP) to a new liquefied natural gas (LNG) tank containment system and carrier design developed by Houston-based Ocean LNG Inc. The tank design consists of a…

Keppel Corp. has received a $164 million contract to build oil platforms for a unit of Mexico's national oil company, Petroleos Mexicanos. Keppel Offshore and Marine, has a 60% stake in the…

Aker Yards, via its wholly owned subsidiary Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value…

The Indian Navy has started construction of a 40,000 tonne displacement indigenous aircraft carrier at an estimated cost of Rs 3,000 crore. "Besides acquiring the 'Gorshkov' aircraft carrier from Russia, the Indian…

Hyundai Corporation, seeking new business, has signed a contract to take over Qingdao Lingshan Ship Engineering (QLSE) in China. The Chinese yard is a medium-size ship builder that mainly constructs vessels between…

The Spanish shipyard Izar Ferrol is looking for overseas markets that will generate revenues at least $24 billion. At present the Ferrol yard, described as one of the few global shipyards able…

Bharati Shipyard, one of the leading shipbuilder in the private sector in India, aims to achieve 20% of its revenue from the ship-repair business after completion of the current expansion drive. "Though…

According to a European diplomat just hours after Seoul had claimed victory in the case, the WTO has ruled against South Korea on the core issue of a dispute over South Korea?s…