General News

Aker Yards has announced that the Ukraine authorities have approved the bid by Russian-controlled, Luxembourg based, investment group FLC West to acquire a 70% stake in three Aker Yards' shipyards - two…

ABB Turbocharging of Switzerland is launching a new family of turbochargers, the A100 series, which is designed to offer pressure ratios up to 5.8:1 from a single-stage unit. The first in the…

The Carlyle Group, which describes itself as a global private equity firm, has acquired a 50% stake in Turkish shipbuilder TVK. TVK was founded in 2005 in the Kocaeli free trade zone…

MAN Diesel reports that AP Moeller - Maersk has ordered 18 × MAN B&W 6S80ME-C9 engines for a series of container ships. All of the engines will be built by HHI-EMD, Hyundai?s…

Japanese shipyards are reporting difficulties caused by delays in delivery of raw materials. Reports suggest that steel plate is being delayed by four weeks to some yards, though the average delay in…

Aker Yards has signed a contract with Island Offshore for the building of a well intervention vessel. This will be a near sister ship to the 'Island Wellserver', delivered from Aker Yards…

A consortium of Korean shipping companies has been formed to set up its own shiprepair facility. As Korean shipyards are fully booked with newbuilding orders, most ships have to go to China…

ABS and Polish Register of Shipping (PRS) have announced a multi-year, joint research and development program that will focus on ship dynamic stability in extreme wave conditions and the time variant reliability…

A ship, said to be the world?s largest LNG vessel, has been named at Samsung Heavy Industry?s (SHI) shipyard on Geoje Island, South Korea.The Lloyd's Register-classed vessel was ordered by the Qatar…

European Union regulators said recently that time was almost up for Poland to make changes to a government rescue package for three ailing shipyards. EU spokesman Jonathan Todd said the Polish government…

Hanjin Heavy Industries & Construction has clinched a contract worth 201.1 billion won ($ 194.4 million) from a European shipping company to build two bulk carriers for delivery by December 2010.

Sembawang Shipyard Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine in Singapore, has secured an S$100 million ($73 million) contract from Dredging, Environmental and Marine Engineering (DEME) to construct a 19,000 dwt…

Aker Yards has signed a contract with DOF ASA for building of three Anchor Handling Tug Supply vessels (AHTS). All the vessels will be of Aker Yards' own design and equipped for…

A Chinese inspector sent by a US ship classification society to a South Korean shipyard has been arrested for allegedly stealing key technology, prosecutors said Wednesday.The 35-year-old unidentified man was arrested on…

Dubai Maritime City, the world?s first purpose-built maritime centre has successfully assembled and functionally tested the world?s largest mobile boat hoist at its facilities. The hoist capable of lifting 720-tonne vessels will…

The Omani government is laying the ground for the development of a huge industrial hub and free trade zone in Duqm, a remote coastal town on the Arabian Sea. Spread on 24,000…

Samsung Heavy Industries will deliver the world?s biggest LNG tanker to Exxon Mobil Corp.?s venture in Qatar in August. The 266,000 m3 tanker, named Mozah, is the first in a 14 ship…

Maersk?s recent orders for 34 containerships could signal a new round of boxship ordering at Korean yards in the second half of this year, analysts are predicting. On the one hand, container…

Chinese shipbuilding has taken another step towards extending its capabilities with news that Zhejiang Kailing Shipyard is embarking on building the country?s first cable-layer for Zhejiang Zhoushan Electric Power Company. The ship,…

Samsung Heavy Industries has received an order to build a drill ship for 739.2 billion won ($705.6 million). The deal with a U.S shipping company calls on Samsung Heavy Industries to deliver…

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a 2nd rig order from Atwood Oceanics Pacific Limited ("AOPL"), a wholly-owned subsidiary of Atwood Oceanics Inc. to build a deepwater semi-submersible…

Rolls-Royce has announced its intention to acquire Scandinavian Electric Holding, a supplier of packages for hybrid and diesel-electric marine propulsion systems. Rolls-Royce will purchase 100% of the equity of the company from…

Shipowners and underwriters are forking out "staggering" amounts for engine damage, a leading marine engineer and casualty expert has warned.Both "man?s inhumanity to machinery" and poor products are to blame, the Society…