General News

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…

The Sarawak Timber Industry Development Corporation (STIDC) in Borneo hopes to obtain another 49 hectares of land to facilitate the shipbuilding industry in the new township of Tanjung Manis in Sarikei. Minister…

The U.S. Coast Guard (USCG) has canceled a $600 million contract awarded to a joint venture of Lockheed Martin Corp. and Northrop Grumman Corp., and said it plans to award a new…

THE Liberian Registry has successfully undergone a voluntary audit under the International Maritime Organisation?s recently adopted Member State Audit Scheme. Liberia, the largest flag to have thus far carried out the audit,…

Following a contract in the summer of 2006, Qatar Shipping Co. has just taken delivery of the new pilot boat 'SHAQRA'. The pilot boat is of the standard Damen Fast Crew Supplier…

COSCO Corporation (Singapore) reports that its 51%-owned subsidiary, COSCO Shipyard Group, has secured a contract from Sevan Drilling Pte Ltd, a subsidiary of Oslo-Sevan Marine ASA, to build a Sevan drilling unit,…

BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to…

The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing…

Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said.Marina Administrator Vicente Suazo said he…

The Chairman of state-owned National Iranian Tanker Company (NITC), a subsidiary of the National Iranian Oil Company, said that the company is planning to buy seven VLCCs to its current fleet of…

Samsung Heavy Industries has won an order for two 90,000 cbm LNG carriers from a European shipowner. Total contract price is $426 million and delivery is scheduled by May 2011.

Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a…

In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire…

Hyundai Mipo Dockyard has won an order for five roros at the price of W 407.9 billion from a European ship owner. They will be delivered by April 2011.

The Finland-based AC drives manufacturer Vacon strengthened its global presence by opening a subsidiary in Australia. With the head office in Melbourne, and sales offices in Perth and Brisbane, Vacon Pacific will…

Following the launch in December of ?Osman Gazi-1?, the first of two Austal built Auto Express 88 fast car ferries for the Istanbul Metropolitan Municipality, an inaugural voyage for representatives of the…

Germany's defence minister said recently he was optimistic a dispute between Greece's military and a German shipyard would be resolved, allowing an order for submarines to proceed.Greece last year delayed receipt of…

Even though the Turkish ship industry has increased the number of its shipyards by 62%, it transferred 7.5 million DWT of orders to the Far East as all sites are full until…

The European Union imposed five-year tariffs on a welding product from China to shield Austria?s Plansee Metall GmbH from cheaper imports.The duties of as much as 63.5% on tungsten electrodes, used for…

The Brisbane shipbuilder behind the original CityCats is constructing six ferries to operate on the Thames after striking a deal worth more than $20 million. The 38m catamaran ferries, being built by…

Russia?s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg.The decision to create a…

COSCO Shipyard Group in China and Norway-based Maracc signed a contract for the building of GM 4000 semi-submersible unit. The contract, with a total value of $195 million, has fixed a completion…