General News

The Romanian government has launched tenders for the sale of its shipbuilding facility in the southeastern city of Mangalia, the national State Assets Agency (AVAS) said. The state plans to sell the…

US-based Pearl Seas Cruises of Guildford, Conn., an offshore affiliate of American Cruise Lines, has confirmed that it will have a second cruise ship built at the Halifax Shipyard, part of the…

Singapore's Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured two conversion contracts worth a total of $88 million. The first involves conversion of the 188,697 dwt tanker, the S.T. Polar…

Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology. The net sales of the company's marine…

Aboitiz-owned shipbuilder FMBA Marine Inc. in the western Cebu town of Balamban, Philippines, has signed a contract to build another catamaran ferry for a company in New Caledonia in the South Pacific.…

U.S. group Eminence plans to pour $30 billion into building a steel plant and auxiliary establishments in Vietnam's central region according to local newspaper Young People. Eminence will submit its investment plan,…

BAE Systems and VT Group have agreed the terms on which to merge their shipbuilding interests, but an announcement has been delayed by political uncertainties over plans for the Royal Navy's new…

China has begun an ambitious effort to build a fleet of more than 90 VLCC tankers to improve its control over oil imports, vital to sustaining a booming economy, shipping industry experts…

The Italian government expects to carry out an initial public listing of shares in the state owned shipbuilding company Fincantieri SpA next spring, said economy undersecretary Massimo Tononi. Tononi and transport ministry…

The Indian Defence Minister A.K.Antony has publicly confirmed that the Indian Navy would get a third aircraft carrier by 2017 in addition to the Admiral Gorshkov and the indigenous Air Defence Ship…

The US Navy has announced plans for a new generation of electrically propelled destroyers and hinted that all of its surface vessels, and possibly its submarines as well, will eventually use electric…

The Costa Serena, the new flagship of Costa was delivered yesterday by Fincantieri at its Sestri Ponente shipyard in Genoa, Italy. Like her sister ship, the Costa Concordia, which entered service in…

Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea wants to produce ship blocks in North Korea according to a Korean report. "If all conditions are met and everyone involved can benefit,…

Samsung Heavy Industries has received a $771 million contract to build six container ships from a European company. The vessels will be delivered by July 2010. The value of the order accounts…

Aker Yards Cabins, France has been launched under the legal name of Aker Yards Cabins SAS. It is part of the cabins business within Aker Yards, Cruise & Ferries including two factories…

SeaMetric International AS, based in Stavanger, has issued a Letter of Intent (LoI) to ESSCA (Hong Kong) Ltd in consortium with China Petroleum First Construction Corporation (CPFCC) and the JingJiang shipyard near…

Houston-based engineering and construction services firm KBR along with fellow shareholders the Weir Group and Balfour Beatty, announced that they have agreed to sell their interests in Devonport Management Limited (DML) to…

Severnaya Shipyard in Russia has signed a contract for the construction of the hull of a sister ship to the 3,600 DWT ?Siddis Skipper?, an offshore supply vessel based on the Vik-Sandvik…

A key Canadian federal cabinet committee has given the go-ahead for a plan to construct six corvette-sized Arctic patrol vessels. The cabinet priorities and planning committee approved the program to build the…

Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, plans to raise the price of steel plates used in shipbuilding. The steelmaker said the price of steel plates will be raised to 685,000…

A new £30 million nuclear freight ship to be based in Barrow, UK, was launched in Japan recently. The 4,500 tonne ?Pacific Heron? was launched by Mitsui Shipbuilding and Engineering at its…

Fred Olsen Production ASA (FOP) has signed a strategic cooperation deal with Japan's Marubeni Corporation that will see the two firms work together to identify and execute FPSO projects in certain Asian…

In 2010 a milestone will be completed by the Indian maritime industry when it is expected to join a league of nations that possess the expertise to build and repair ships up…