General News

Aker Yards has signed a contract with "K" Line Offshore AS to build four platform supply vessels of Aker Yards design. The total value of this contract is approximately NOK 1.4 billion…

Indias biggest private sector shipbuilder ABG Shipyard Ltd will invest about $100 million (Rs394 crore) to set up a factory at Dahej in Gujarat that will make diesel engines for ships through…

Kleven Verft in Ulsteinvik, Norway, in cooperation with its sister yard Myklebust Verft, has signed two contracts with Siem Offshore Inc. of Kristiansand, Norway, for the delivery of two large and environmentally…

Dubai Drydocks World (DDW) is making a voluntary conditional cash offer to acquire Singapore's Labroy Marine Ltd for S$2.37 billion ($1.63 billion) in a further sign of the booming Gulf emirate's plan…

Canadian defence firms are lining up to bid on a $1 billion contract to upgrade the Royal Canadian Navy's frigates, promising a boost in employment on the West Coast. The Canadian government…

South Korea's Hyundai Mipo Dockyard Co Ltd, an affiliate of Hyundai Heavy Industries Co, has secured an order worth $474 million from an unnamed shipowner in Europe. Under the contract, the shipbuilder…

The Singapore company SembCorp Marine, the world's second-largest builder of offshore oil rigs, is paying SGD 29 million ($19 million) for a stake in an Indian shipyard. The purchase of a 3.31%…

Norway's Aker Yards has won a ??¬245 million ($353 million) contract to build six container ships for the Rostock-based shipowner Reederei F. Laeisz GmbH which operates a fleet of about 50 freighters,…

Pakistan expects to earn $60 billion a year from transit trade after completion of the national trade corridor, a couple of shipyards and improvement of the North-South road network.The estimate has been…

Golden Ocean Group Limited in Norway has placed a newbuilding contract for eight 80,000 dwt bulk carriers with Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The contract is valued at about $410 million…

Singapore-based Ezra Holdings Limited continues to build its deepwater service capabilities with the award of a contract for a second large 27,000 bhp (19,840 kW) Multi-Functional Support Vessel (MFSV) to Karmsund Maritime…

Able UK has finally won planning permission to develop a controversial facility to dismantle and recycle unwanted ships at its yard near Seaton Carew, Teesside in the UK.Peter Stephenson, the firm's chief…

Havyard Group in Norway has confirmed that Shipping Corporation of India (SCI) has selected Bharati Shipyard Ltd to build four new anchor handlers based on the Havyard 841 AHTS design.???When the SCI…

Aker Yards has signed a contract with Tide Sj?ø AS for three ferries dedicated to operate the link between Oslo and the peninsula of Nesodden. The ferries will be built in France…

The Cosco Shipyard Group in China has secured an order to build 29 bulk carriers worth 1.34 billion US dollars. The latest orders put Cosco's current order book at $6.4 billion, $6.2…

Following a European bid tender, Bourbon, the French offshore fleet operator, has placed an order for two high-tech Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in Boulogne-sur-Mer. Delivery…

A letter of intent is signed on the contemplated acquisition of a majority stake by the Ulstein Group in Netherlands based Sea of Solutions. The deal is, amongst others, subject to a…

Britain's BAE Systems (BAE) and VT Group (VT) won permission from the European Commission to merge their shipbuilding operations, according to a Reuters report. BAE will hold 55% and VT the remainder,…

Daewoo Shipbuilding & Marine Engineering said that its Romanian joint venture Daewoo Mangalia Heavy Industries Shipyard won an order for nine 5,550 TEU container ships from a European shipping company. So far…

Hanjin Heavy Industries & Construction Co., Ltd. (Hanjin) is currently recruiting at least 20,000 Filipino workers for its new shipbuilding and ship repair yard in Subic, Philippines. Hanjin is investing some $2…

INCAT has fired a warning shot across the bow of Austal Ships as the two Australian shipbuilders enter into a labour-market war. Western Australia-based Austal bought the operations of North-West Bay Ships…

Rosenergoatom, the Russian state concern for electrical and heat energy production in nuclear power plants, is promoting floating nuclear power plants (NPP) for energy supply for Arctic oil- and gas drilling platforms.…