General News

Houston-based GulfMark Offshore recently ordered a $130 million, five vessel addition to the existing newbuild programme, including three 3,000 dwt platform supply vessels (PSVs) built to U.S. flag requirements and two 10,000…

South Africa's first shipyard to construct oil and gas production platforms was opened earlier this week, providing a foothold for the country to take advantage of a booming oil sector in Angola…

MISC Bhd, the Malaysian shipping company with a big stake in the LNG market, has allocated about RM1.5 billion ($450 million) over the next four to five years to upgrade and expand…

Keppel Singmarine Pte, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a repeat contract from Greatship Global Offshore Services Pte to build two platform supply vessels. Deliveries for these…

Aker Yards has signed a contract with "K" Line Offshore AS to build four platform supply vessels of Aker Yards design. The total value of this contract is approximately NOK 1.4 billion…

Indias biggest private sector shipbuilder ABG Shipyard Ltd will invest about $100 million (Rs394 crore) to set up a factory at Dahej in Gujarat that will make diesel engines for ships through…

Kleven Verft in Ulsteinvik, Norway, in cooperation with its sister yard Myklebust Verft, has signed two contracts with Siem Offshore Inc. of Kristiansand, Norway, for the delivery of two large and environmentally…

Canadian defence firms are lining up to bid on a $1 billion contract to upgrade the Royal Canadian Navy's frigates, promising a boost in employment on the West Coast. The Canadian government…

South Korea's Hyundai Mipo Dockyard Co Ltd, an affiliate of Hyundai Heavy Industries Co, has secured an order worth $474 million from an unnamed shipowner in Europe. Under the contract, the shipbuilder…

The Singapore company SembCorp Marine, the world's second-largest builder of offshore oil rigs, is paying SGD 29 million ($19 million) for a stake in an Indian shipyard. The purchase of a 3.31%…

Norway's Aker Yards has won a ??¬245 million ($353 million) contract to build six container ships for the Rostock-based shipowner Reederei F. Laeisz GmbH which operates a fleet of about 50 freighters,…

Dubai Drydocks World (DDW) is making a voluntary conditional cash offer to acquire Singapore's Labroy Marine Ltd for S$2.37 billion ($1.63 billion) in a further sign of the booming Gulf emirate's plan…

Singapore-based Ezra Holdings Limited continues to build its deepwater service capabilities with the award of a contract for a second large 27,000 bhp (19,840 kW) Multi-Functional Support Vessel (MFSV) to Karmsund Maritime…

Pakistan expects to earn $60 billion a year from transit trade after completion of the national trade corridor, a couple of shipyards and improvement of the North-South road network.The estimate has been…

Golden Ocean Group Limited in Norway has placed a newbuilding contract for eight 80,000 dwt bulk carriers with Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The contract is valued at about $410 million…

Able UK has finally won planning permission to develop a controversial facility to dismantle and recycle unwanted ships at its yard near Seaton Carew, Teesside in the UK.Peter Stephenson, the firm's chief…

Havyard Group in Norway has confirmed that Shipping Corporation of India (SCI) has selected Bharati Shipyard Ltd to build four new anchor handlers based on the Havyard 841 AHTS design.???When the SCI…

Aker Yards has signed a contract with Tide Sj?ø AS for three ferries dedicated to operate the link between Oslo and the peninsula of Nesodden. The ferries will be built in France…

The Cosco Shipyard Group in China has secured an order to build 29 bulk carriers worth 1.34 billion US dollars. The latest orders put Cosco's current order book at $6.4 billion, $6.2…

Following a European bid tender, Bourbon, the French offshore fleet operator, has placed an order for two high-tech Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in Boulogne-sur-Mer. Delivery…