General News

Samsung Heavy Industries has won a deal valued at 1.35 trillion won ($1.3 billion) to build two drill ships. The deal with an American company calls on Samsung to deliver the vessels,…

After nearly one and a half years of research and development, the EU-funded METHAPU (Validation of renewable methanol based auxiliary power systems for commercial vessels) project is about to start trials on…

Rolls-Royce has signed a memorandum of understanding (MoU) with Vietnam Shipbuilding Industry Group (Vinashin) in Hanoi with the aim to help develop Vietnam's fast-growing marine industry. The scope of the partnership will…

Wärtsilä has signed a global service agreement with the leading screw pump manufacturer IMO AB of Sweden to establish a stronger after-sales network for IMO's complete product range. The cooperation agreement signed…

Vyborg Shipyard in Russia will start building a new super shipyard that will enable it to build oil tankers and LNG carriers with deadweight of more than 170,000 tonnes making it the…

There are growing signs the credit crunch that began with the US housing market is spreading to the world's shipyards. Over the last couple of years order books at most shipyards around…

Rolls-Royce has won a £58 million contract to deliver design and equipment systems for two of the world?s most advanced offshore support vessels, a first for the Chinese market. The vessels have…

Malaysian shipbuilder Coastal Contracts Bhd expects to secure a further $126 million worth of new offshore support vessels (OSV) orders this year, said executive chairman Ng Chin Heng.Ng said the Sabah-based company…

Another Bangladesh shipbuilding company signed a memorandum of understanding with a Dutch firm to supply eight sea-going vessels worth $87 million. Highspeed Shipbuilding & Engineering Co Ltd signed the MoU with Hollander…

The world?s first modern multipurpose heavy lift project carrier newbuilding, which uses wind energy as additional propulsion, has successfully completed her two-month maiden voyage last week, after a double transatlantic passage totalling…

The Shipping Corporation of India (SCI) may soon forge a mega shipyard JV with India?s leading shipbuilding company ABG Shipyard. Some sources close to the development say that South Korean shipping major…

Brian Chang, chairman of Yantai Raffles Shipyard Limited (YRSL) has signed an agreement to sell approximately 29.9% of YRSL's issued share capital to China International Marine Containers (Group). The deal, valued at…

Following a spate of fatal accidents at the shipyard of Hanjin Heavy Industries and Construction Co. in Subic, Philippines, the shipbuilder decided to form a special committee that would monitor compliance of…

The managing director of A&P Tyne in the UK, Dave Skentelbery, recently said: "We have the ability to build new ships. The skills are still on the river. There are projects with…

Singapore shipyard ASL Marine has won three shipbuilding contracts worth S$126 million ($91.1 million). The three ships will be delivered in 2010.The first contract with Belgian group DEME is for a self-propelled…

The late delivery of a new cruise ship under construction for an American owner at the Irving-owned Halifax Shipyard in Canada has caused the cancellation of a summer sailing schedule and led…

Japan's Mitsubishi Heavy Industries (MHI) aims to more than double earnings from its shipbuilding operations next fiscal year. Operating profit at the Tokyo-based company's shipbuilding and marine business is expected to climb…

Daewoo Shipbuilding and Marine Engineering (DSME) expects demand for LNG carriers to slow this year because of delays in LNG projects. Daewoo may get orders for between 10 and 15 LNG carriers…

Christopher J. Wiernicki, President and Chief Operating Officer of ABS and Dr. Jan Jankowski, President of the Board, Polish Register of Shipping (Polski Rejestr Statkow) have signed a wide-ranging cooperative agreement that…

Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal worth $602 million to build eight container ships. The deal with a European shipping company calls on Daewoo to deliver the vessels…

Daewoo Shipbuilding and Marine Engineering (DSME) contacted with North Korean officials last week in a bid to keep a joint shipyard construction project afloat amid stalled government-level efforts. According to the Unification…

Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel. The vessel will be designed and equipped with the newest and most innovative environmentally…