General News

Yantai Raffles Shipyard in northern China has been awarded a contract to construct a flexible fall pipe bulk carrier worth approximately $78 million by the Dutch dredging, offshore and marine construction company…

Royal Caribbean Cruises Ltd. has ordered another Genesis class cruise vessel from Aker Yards at a cost of approximately EUR 900 million ($1.2 billion). The contract is subject to final confirmation of…

POSCO, South Korea's leading steelmaker, plans to raise the prices of some steel products beginning 19 April to reflect an increase in iron ore costs. The price of steel plates for shipbuilding…

An oil and gas industry firm has formed an alliance which will see workers at the Rosyth naval dockyard in Fife being used offshore. Petrofac, a service provider for the oil and…

India?s three strategic shipyards - Mazagaon Docks, Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard - which are engaged in building warships, will be modernised and upgraded to the level of…

Following the two ships ordered in October 2006, the German owner Hartmann Logistik GmbH, a subsidiary of the Hartmann Group, has placed a contract with Fincantieri to build a further eight multipurpose…

Wärtsilä Corporation today inaugurated the first phase of a new reconditioning workshop in Shanghai, China. It will provide high-quality reconditioning services to owners and operators of marine engines, gearboxes,controllable-pitch propellers, thrusters and…

South Korean shipbuilders are expected to win the bulk of global orders for liquefied natural gas (LNG) carriers this year thanks to their capabilities to build such ships, industry sources said.Three of…

Daewoo Mangalia Heavy Industries won a new order of four 171,000DWT bulk carriers from Anangel Shipping for delivery in 2009 and 2010. The new order includes an option for two more units.Hudong…

Hyundai Samho Heavy Industries has clinched an order two 10,000TEU container ships from ZIM. The new vessels will be delivered in January and February 2010. The order also attaches one more option.…

Aker Yards in Norway has entered into a contract with Gulf Offshore North Sea Ltd in Aberdeen, Scotland, to build two Platform Supply Vessels (PSV) based n the Aker design PSV 09…

BAE has launched a takeover bid for Devonport Management Ltd (DML) in the UK-based Devonport dockyard where the Royal Navy?s nuclear-powered submarines are refitted in programmes worth hundreds of millions of pounds.BAE…

Hyundai Mipo Dockyard in South Korea has won a new order for four product carriers at a price of W 181.2 billion. They will be delivered by February 2011.

NYK Line in Japan has placed a new order for two 250,000DWT bulk carriers with Namura Shipbuilding. This will be the first time for an ore carrier of this size to be…

Guangzhou Shipyard International in China secured a contract for two 50,500DWT product carriers from Motia in Italy. Ship particulars are 183.2m in length, 32.2m in breadth and 18.2m in depth with a…

The European Commission said it approved the proposed acquisition of joint control by French defence equipment supplier and naval prime contractor Thales, together with the French state, of French state-owned military shipyard…

The accident frequency in shipping has decreased over the past few decades. However, although the figures today are half of what they were in the late 80s, this trend is about to…

Hyundai Mipo Dockyard has clinched six more PCTCs from a European ship owner. Total contract price is $ 327 million and the newbuildings will be delivered by November 2010.

The Greek shipping company Danaos Corporation has signed shipbuilding contracts for five 6,500 TEU vessels with Hanjin Heavy Industries & Construction Co., Ltd. These containerships are expected to be delivered to Danaos…

Chinese shipbuilders have caught up with their South Korean rivals in new orders received in the first two months of this year, according to an international market researcher. Hyundai Heavy Industries, Samsung…

Daesun Shipbuilding in South Korea signed a letter of intent on the construction of four 25,000DWT class chemical tankers from a European ship owner. They will be delivered by July 2010. Contract…

China's Baosteel Group Corp and China State Shipbuilding Corp (CSSC) signed an agreement to invest more than 10 bln yuan in a civilian shipbuilding joint venture, the official Xinhua News Agency reported.Xinhua…

The first of 72 blocks of the new 122,000 grt passenger cruise vessel "Celebrity Solstice" for Celebrity Cruises was laid at Meyer Werft in Papenburg, Germany. The first block of the new…