General News

Mitsubishi Heavy Industries in Japan (MHI) has agreed to form a business alliance in low-speed diesel engines for marine use with Diesel United (DU), a subsidiary of Ishikawajima-Harima Heavy Industries (IHI). In…

Transpetro, the transportation arm of Brazilian oil giant Petrobras, has signed an agreement with the Atl?ntico Sul consortium for building 10 new Suezmax oil tankers. This is the first order in the…

Tsuneishi Corporation in Japan has won a contract for four 82,100DWT bulk carriers from Andriaki costing $40 million each. They will be delivered during 2010. Shinwa Kaiun Kaisha in Japan ordered a…

Trinity Capital has bought a 10.43% stake in Pipavav Shipyard Ltd, promoted by Nikhil Gandhi-backed Sea King Infrastructure, for $23.5 million. Existing investors in Pipavav Shipyard include financial institutions such as IL&FS…

The US Navy has awarded Northrop Grumman Corporation a $268 million contract for continuation of detail design efforts on the Zumwalt-class destroyer, DDG 1000. "This award reinforces the Navy's confidence in our…

Aqua-Terra, one of the three Singapore-listed oil services firms headed by Indonesian tycoon Kris Wiluan, said it would supply equipment and manage projects worth over $44 million for the Chinese oil major's…

Deltamarin, the Finnish naval architecture and marine engineering group, and V.Ships Leisure, the provider of third party ship management and related services to the passenger shipping industry, have formed a joint venture…

Maritime operations supporting the Arctic region?s oil, gas and mineral reserves are poised for vast growth but the potential for high returns is matched by a unique set of risks for a…

The salvage problems surrounding ultra-large vessels will provide the focus for the International Salvage Union?s (ISU) fourth Associate Members? Day meeting in London on 7 March. The meeting will be attended by…

The China State Shipbuilding Corporation (CSSC) became the world's third largest shipbuilding conglomerate last year, behind Korea's Hyundai Heavy Industries and Japan's Imabari Shipbuilding Company. CCSC, which ranked fifth in the world…

The first Anchor Handling Tug Supply (AHTS) vessel, Sea Cheetah, from Jaya Shipyard in Singapore is expected to be delivered on 8 February which was the original delivery date. Deep Sea Supply…

The amount of overseas investment by Korean businesses last year more than doubled over that of previous year but at the expense of domestic investment. To make the matter worse, foreign investment…

BAE Systems, the UK?s biggest defence contractor, is poised to win control of the Devonport dockyard, home to Britain's nuclear submarine fleet, after Babcock International appeared to draw back from making an…

Gardline Australia Pty Ltd, a subsidiary of Gardline Group in Great Yarmouth, UK, has signed a one-year contract for ?Triton? to augment the customs patrol boat fleet as the Australian Government strengthens…

Wärtsilä has won a contract from Vinashin Shipbuilding Industry Corporation in Vietnam to supply fixed pitch propellers (FPP) for a series of five bulk carriers under construction for UK-based shipowner Graig Group.…

Australia?s Industry and Enterprise Minister Francis Logan called for tenders for the construction of a floating dock at the Australian Marine Complex in Henderson. Logan said the floating dock was part of…

Ukrainian industrialists continue to snap up production assets in neighbouring Central Europe, quietly establishing a sizable foothold in the EU. A Polish shipyard is the latest target of a leading Donetsk-based financial-industrial…

Australian Pacific Touring (APT) has announced the building of a third European River Cruise Ship. The new 150 passenger ?Amacello?, expected to be ready for 2008, will be a sister ship to…

Daewoo Shipbuilding and Marine Engineering has won a $500 million order to build five 4,710 TEU containerships for Germany's Hamburg Sud. The ships will have a length of 309 m, beam of…

Oil Sea Harvester, an EU funded project, is developing an innovative ship design for tackling oil spills in rough seas. The decision to design such a ship was made in the aftermath…

QinetiQ in the UK has been awarded a four-year MOD contract to design, construct and carry out test and evaluation trials on a technology demonstrator vessel, which will be a contender for…

Namura Shipbuilding in Japan clinched a 228,000DWT bulk carrier from MOL. Scheduled for delivery in early 2009, the Cape size bulker will have a length of 319.6m, a breadth of 54m and…

Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50 owned joint venture in Korea to manufacture dual-fuel engines for LNG carriers. The total investment in…