General News

A letter of intent is signed on the contemplated acquisition of a majority stake by the Ulstein Group in Netherlands based Sea of Solutions. The deal is, amongst others, subject to a…

Britain's BAE Systems (BAE) and VT Group (VT) won permission from the European Commission to merge their shipbuilding operations, according to a Reuters report. BAE will hold 55% and VT the remainder,…

Daewoo Shipbuilding & Marine Engineering said that its Romanian joint venture Daewoo Mangalia Heavy Industries Shipyard won an order for nine 5,550 TEU container ships from a European shipping company. So far…

Hanjin Heavy Industries & Construction Co., Ltd. (Hanjin) is currently recruiting at least 20,000 Filipino workers for its new shipbuilding and ship repair yard in Subic, Philippines. Hanjin is investing some $2…

INCAT has fired a warning shot across the bow of Austal Ships as the two Australian shipbuilders enter into a labour-market war. Western Australia-based Austal bought the operations of North-West Bay Ships…

Rosenergoatom, the Russian state concern for electrical and heat energy production in nuclear power plants, is promoting floating nuclear power plants (NPP) for energy supply for Arctic oil- and gas drilling platforms.…

Norwegian offshore vessels operator DOF ASA has awarded the Indian shipbuilder Cochin Shipyard Ltd a newbuilding contract for two platform supply vessels (PSVs). The NOK245m contract ($46 million) covers two PSVs of…

The Tognum subsidiary MTU Friedrichshafen today signed a contract with theDr. Gies group of companies on the complete acquisition of SKL Motor GmbH in Magdeburg. At the contract signing, Tognum CEO Volker…

Flex LNG Ltd. in Norway has ordered a third 90,000 m3 SPB LNG vessel from Samsung Heavy Industries. It is of identical design to the two ordered back in March 2007 and…

Davie Yards in Canada has entered into a Memorandum of Understanding (MoU) with an unspecified Norwegian customer for construction of two 130 metre well intervention vessels. The total contract price for the…

Ezra Holdings Ltd.'s wholly-owned Saigon Shipyard Ltd., which is held via Ezra's wholly-owned HCM Logistics Ltd., marked its successful break into the offshore fabrication market with the recent award of a fabrication…

Poland's Gdansk shipyard will be sold to Ukrainian firm Donbass in a $400 million deal to avoid bankruptcy, the head of the yard said. The yard has been under threat since the…

Havila Shipping ASA has through Havila Shipping Pte Ltd in Singapore entered into a contract with Fjellstrand Verft for building of a platform supply vessel (PSV) called Havyard 832 CD. The vessel…

Mumbai-based Dolphin Offshore Enterprises (India) Ltd (Dolphin), which provides offshore and onshore integrated services to the oil and gas industry, is foraying into shipbuilding. It has earmarked an investment of just over…

The Italian cruise line Costa Crociere has signed an order with Fincantieri for two new 114,200gt cruise ships to be delivered in 2011 and 2012 at an all-in cost of approximately ??¬1bn…

Rickmers-Linie, the Hamburg-based specialist in the global transportation of break-bulk, heavy-lift and project cargo, has ordered ten new purpose-built multipurpose vessels, which are to be added to its fleet between 2009 and…

Mohammad Suri, National Iranian Tanker Company???s (NITC) managing director, said the country would produce over 80 million tons of LNG per annum in the near future and 40 LNG carriers would be…

Bharati Shipyard received an $89 million order from Shippping Corporation of India for the construction of four AHTS vessels for delivery in 2011. Including the latest order, the shipbuilder has now announced…