General News

Ulstein Verft AS has signed a contract with Olympic Shipping AS in Fosnavåg to build yet another large, multifunctional subsea vessel, model Ulstein P101 designed by Ulstein Design AS. Olympic contracted a…

Pakistan has placed a $ 600-million defence deal with China, which includes construction of four F-22P frigates for the Pakistani Navy, upgrading of the Karachi dockyard and transfer of technology for indigenous…

Following the earlier announcement that Aker Yards and ALSTOM intend to join forces in shipbuilding, a new company has now been established to which Chantiers de l'Atlantique will transfer its employees, assets…

The order book position of the Indian shipyards stands at $2.2 billion at present and is expected to improve further according to T.R. Baalu, minister for shipping, road transport and highways. In…

The Finnish chartering and operations company Meriaura Oy will add into its fleet a new type of multipurpose deck cargo vessels ordered from the Polish shipyard, Remontowa. The vessels are designed for…

Dayang Shipbuilding in Yangzhou, China, has won an order for six 53,000 dwt handymax bulk carriers from IRISL in Iran at a cost of $29.5 each. First of six will be delivered…

After three years of planning, the Danish-Vietnamese joint venture Aalborg Industries Vietnam opened a new production plant in the northern port city of Haiphong's An Hong Marine Industrial Zone, one of the…

Volgograd Shipyard, a subsidiary of MNP Group, concluded a contract with the Swedish shipping company Catfish Forvaltning for the construction of two class II chemical tankers under project 4450. The contract includes…

Kleven Verft in Ulsteinvik, Norway, has entered into contract with Norwegian ship owner REM Maritime for the construction of an advanced Rolls-Royce offshore vessel. The value of the contract is approximately $49…

Sovcomflot, Russia's largest state-owned shipping company, and Admiralteyskiye Verfi (Admiralty Shipyards), the St. Petersburg-based shipyard, have concluded and signed a $350 million deal for the construction of two arctic shuttle oil tankers,…

The owner of the country's two largest military shipyards has said the government wants to acquire both firms and that state arms trader, Rosoboronexport, was in talks to buy them. The Severnaya…

Guangzhou Wenchong Shipyard in China clinched a 1,700TEU container ship from Schoeller Holdings Ltd. The new order is the fourth ship ordered from the German ship owner. Price and delivery were not…

Singapore-based Keppel FELS Ltd (Keppel FELS) has secured a contract to build a repeat ultra deepwater semi-submersible drilling platform for A.P. M?ller - M?rsk at a cost of $263 million. This order…

Russia is to sell two 636 Project submarines to Algeria for $400 million. Vladimir Alexandrov, director general of Admiralty Shipyard, said the contract is to be signed in June. The deal was…

The port of Kakinada, located in south-east India on the Godavari river delta, is planning to establish a privately owned shipyard and an announcement regarding this project is to be made by…

Exmar, the Belgian shipping group, is going ahead with the OPTI-EX Floating Production System and is also considering a separate listing of its offshore division. The company has signed a letter of…

The Tasmanian shipbuilder Incat has secured a contract to supply a new fast ferry for one of Spain?s largest shipping companies, Acciona Trasmediterr?nea. When delivered in August, the new 98 metre vessel…

MacGREGOR will supply the Japanese shipbuilder, Shin Kurushima group, with RoRo equipment for 45 newbuildings. MacGREGOR?s new long-term agreement with Shin Kurushima covers design and manufacture of cargo access equipment for car…

A new stealth corvette with special technology for low detectability by radar has been launched in Russia. The Steregushchy corvette is the first in the Project 20380 series designed by the Almaz…

With the successful private placement in Nexus Floating Production Ltd., Nexus will issue 13.0 million shares of which 40% will be owned by the Norwegian based APL ASA which has invested $52…

Hyundai Mipo Dockyard in Korea clinched four general cargo carriers at a total price of $244 million. Ordered by the Norwegian shipping company Grieg International, they will be delivered by February 2010.

The Sultanate of Oman and Austal signed a contract for two 65 metre, 50 knot, multi-purpose passenger-vehicle catamaran ferries. The identical aluminium vessels, scheduled for delivery in 2007 and early 2008, have…

South Korea plans to invest $3.4 billion over the next 10 years to nurture the nation's marine technology, the government said recently. A total of $3 to $4 billion will be spent…