General News

The Indian private shipbuilder ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 1,200 crore. The new 300 acre shipyard will be larger…

UK-based scrubber manufacturer Krystallon Limited is looking to expand in the Far East, according to a news report. Krystallon Managing Director Chris Leigh-Jones said "Most of the newbuild yards are in the…

The increasing global demand for LNG will necessitate a three-fold rise in the number of LNG tankers by 2030 according to the latest report from the Oxford Business Group. Citing Lloyds?List, Oxford…

It has been rough sailing for the new pride of B.C. Ferry Services fleet, Coastal Renaissance, since departing from German shipbuilder Flensburger Schiffbau-Gesellschaf's shipyard earlier this year. The lead vessel in the…

Lloyd?s Register EMEA has made its most significant move yet in becoming the leading authority in the provision of risk management services to the nuclear, oil and gas, and transportation sectors, having…

Doosan Group pulled out of the bidding for Daewoo Shipbuilding while the Korean steel firm POSCO is seeking partners to make a bid.Shares in Doosan group companies rose after it said it…

Samsung Heavy Industries has won a 729 billion won ($701.4 million) order to build a drillship for an unidentified company in the Americas. The vessel is slated for delivery by February 2012.

India's theme of the year for 2008, announced on National Maritime Day, is ?Solving the manning crisis in the maritime industry?. At the fourth annual India Shipping Summit (ISS), which will run…

Kongsberg Maritime has further strengthened its market position in the Asian region by forming a new joint venture with the Chinese company Zhenjiang Marine Electrical Appliances. The new company, Kongsberg Maritime China…

Korea Development Bank (KDB), a top shareholder in Daewoo Shipbuilding, will invite bidders for the world's No.3 shipbuilder next week in a bid to complete a $4 billion sale this year. "A…

Aker Yards and MSC Cruises have signed a contract, subject to financing, for building a further two cruise ships of 89,000 gt Musica-class. The vessels will be built at Aker Yards, Saint-Nazaire…

The Kuwait Oil Tanker Company (KOTC) has signed a letter of intent with Daewoo Engineering & Construction to build four VLCCs for $700 million. The final contract will be signed on 21…

The construction of the world?s first floating nuclear power plant at Sevmash shipyard in Severodvinsk will now be moved to Baltiysky shipyard in St. Petersburg. Officially, the contract with Sevmash is cancelled…

Singapore-based Coastline Maritime will invest in a new multipurpose construction vessel which is likely to be constructed at Drydocks World Singapore's shipyard in Batam, Indonesia.Coastline has procured part of the required equipment…

Keppel FELS in Singapore has won the contract to build the seventh ENSCO 8500 series deepwater semisubmersible (semi) worth $560 million including equipment specified by the owner. To be delivered in the…

Work has started on the first of two 65,000 gt Oceania class newbuildings of the Florida based upper premium operator Oceania Cruises at Fincantieri's Sestri Ponente Shipyard in Genoa, Italy. During the…

JFE Holdings Inc. and IHI Corp. are in talks to create Japan's biggest shipbuilding company to compete against South Korean and Chinese yards. "We're in discussions with JFE about shipbuilding operations,'' said…

The Friedrichshafen-based Tognum Group continues its expansion trend. The company decided to invest an additional ?75 million in capacity expansion in the production of MTU engines, L?Orange high performance injection systems, as…

The Tognum Group in Germany and the Swiss company Hug Engineering AG have agreed on a joint venture for cooperation in the field of exhaust after treatment. The new company will be…

Aker Yards shipbuilding said last Friday that a $1.3-billion bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results.The group reported…