General News

China's Cosco Shipyard Group and Jiangsu Lianyungang Port Co. Ltd. have formed a 60/40 joint venture company called Cosco Lianyungang Shipyard Co., Ltd which will be a subsidiary of Cosco Shipyard Group.…

Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed…

ABG Shipyard in India is planning to enter the ship repairing business by acquiring the ailing Western India Shipyard in Goa and turning it into a ship repairing yard. "There are no…

The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value of the agreement is close to EUR 6 million,…

China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from…

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard,…

The government of Pakistan is seeking advisory services from internationally qualified firms led by a reputable international financial institution/investment bank for development of shipyards at Port Qasim, Karachi and Gwadar Port. Officials…

Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported…

The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding…

Chinese shipbuilder Jiangnan Shipyard Group, recently delivered a 16,600 dwt chemical tanker, the Sten Arnold, completed at its Shanghai Changxing Shipbuilding facility, to its Norwegian owner, Rederiet Stenersen. The Bergen-based shipowner ordered…

The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years. The cost of the project, which is to…

Power, a United Technologies Corp. company, has signed a contract for the development phase of a program with Spanish shipbuilder Navantia, S.A., to supply a 300kW proton exchange membrane (PEM) fuel cell…

The U.S. Navy plans to contribute up to $33 million to an Austal USA modular shipbuilding facility whose price tag could reach $200 million, Austal Ltd. said in a news release issued…

COSCO Shipyard Group, a major Chinese repair-yard, has constructed a new facility in Dongguan, Guangdong province. The facility will be utilized to build ships up to 100,000 dwt in addition to repair…

Yangzijiang Shipbuilding has won a $1.4 billion contract from China's Cosco Container Lines to build twenty 4,250 teu container ships. This includes options for four ships.The vessels are to be delivered between…

Samsung Heavy Industries has obtained new orders totaling $2.41 billion including a $1.15-billion deal to build two semi-submersible floating drilling rigs for an undisclosed Russian client for delivery in September 2010. In…

Rolls-Royce has won £72 million of further business on its largest ever offshore marine contract from Germany's Nordcapital Group, taking the total order value to £155 million. The company said it will…

Yangzijiang Shipbuilding based in Jiangyin, China, has signed a preliminary contract with Cosco Container Lines to build 20 vessels worth $1.36 billion. The ships are expected to be delivered between August 2011…

Kolkata-based Apeejay Shipping, (APJ Shipping), part of the Apeejay Surrendra group, has placed orders for three dry bulk carriers of 57,000 DWT from Cosco shipyard group of China at a total cost…

Dubai-based logistics and shipping firm Transworld has awarded a Dh293.6 million ($80 million) shipbuilding contract to China's Guangzhou Wenchong Shipyard for two feeder container vessels. The order is in line with Transworld's…

Samsung Heavy Industries has won an 851.3 billion won ($905.4 million) order for four LNG carriers. The order came from an unidentified company in the Americas and the ships will be delivered…

Aker Yards Germany in Wismar and Rostock-Warnemünde delivered the fourth container vessel in a series of five of the newly developed type Aker CS 2100 container ships for Conti Reederei in Munich.…

WWL's owners Wilh. Wilhelmsen ASA of Norway and Wallenius Lines of Sweden have ordered four of the world's largest ro-ro vessels from Mitsubishi Heavy Industries' (MHI) Nagasaki yard in Japan for delivery…