General News

After gaining a foothold in the port business, the Adani Group has decided to enter into shipbuilding and plans to announce a joint venture agreement for shipbuilding soon. Confirming the development, Adani…

According to a senior official at the Dubai-based business conglomerate, ETA-Ascon, the company plans to enter ship-building activities and is also considering undertaking the management of a government-owned shipyard in India and…

Italian shipowner, Siba Ships, has declared an option on a second livestock carrier under construction at Labroy Shipyard in Singapore. This second vessel will be a sister-ship to Hull T155, both of…

Damen Shipyards Gorinchem has won a contract from the Dutch shipowner, Jumbo Navigation for a state-of-the-art heavy-lift vessel with an option for a second vessel. These will be similar to the two…

China recently delivered its largest PCTC (pure car truck carrier) to Zodiac Shipping Ltd. Named ?Morning Miracle?, the 45,000gt ship was designed and built by Xiamen Shipbuilding Industry and is the first…

The Dubai-based ETA-Ascon, a diversified group, plans to buy 76 new ships to expand the size of its fleet to 100 in five years. The total investment involved in this order will…

Eidesvik Offshore ASA and the Houston-based Veritas' Viking Maritime Inc., subsidiary have entered into an agreement to charter a seismic research vessel which is to be newly constructed. The time charter is…

Hyundai Heavy Industries (HHI) has reached a preliminary agreement to buy a stake in China's Qinhuangdao Shouqin Metal Materials. Qinhuangdao Shouqin is a steel making unit jointly owned by China's Shougang Concord…

Hyundai Mipo Dockyard in South Korea clinched four 37,000DWT and four 47,000DWT product carriers from Turkish shipping company Geden Line. Total contract price is $349 million. They will be delivered by November…

Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Ltd, has signed a contract with Golar LNG Limited for the conversion of an existing Moss LNG carrier into a…

Sembawang Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured a S$88 million ($53.4 million) contract from Bergesen Worldwide Offshore to convert the VLCC ?BW Enterprise? to an FPSO.Bergesen Worldwide Offshore, a…

Aker Yards and Alstom marine have announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry focusing on high value added ships, especially…

China's first LNG carrier was recently launched at the Hudong-Zhonghua shipyard in Shanghai and is scheduled for delivery in October 2007. The LNG ship is regarded a high-tech product with high-added value…

Hyundai Heavy Industries (HHI) marked a world record of 890,000 bhp for large size marine engines for one month by completing a test run of the final marine engine on the 27th…

A contract to build four ships for German owner Rickmers Shipping has been awarded to Sadra of Iran. The value of the contract is $120m and the first ship will be delivered…

The output of China's shipbuilding industry reached 12 million tonnes in 2005, making up 18% of the global share, according to the China Shipbuilding Industry Association. China's top two shipbuilding giants, the…

Bohai Shipbuilding Heavy Industries won orders for four 300,000DWT VLCCs, four 3,500 cbm LPG carriers and eight 46,000DWT product carriers from Nanjing Tanker Corporation of Changjian Shipping Group. Total contract price is…

Daewoo Shipbuilding and Marine Engineering in South Korea is aiming to win $10 billion worth of orders in 2006, up 47 % from $6.8 billion in 2005.It also expects to win a…

Keppel Singmarine has clinched three newbuilding contracts worth a total of $72.3 million. The first contract involves the construction of four anchor handling tug/supply (AHTS) vessels at its Keppel Nantong Shipyard, northwest…

Damen Shipyards Gorinchem has been awarded a contract from the Swedish Coastguard in Karlskrona to construct two 80 metre multi purpose vessels. The contract covers design, engineering and construction of two vessels…

BAE Systems has sold its German sonar business Atlas Elektronik to the European aerospace group EADS and Germany's ThyssenKrupp Technologies. They will pay about EUR145m in cash and assume Atlas's pension liabilities…

The Bach Dang Shipbuilding Company, a subsidiary of the Vinashin group, recently launched a 13,500 dwt oil tanker, named ?Vinashin Sea?, the largest ever built in Vietnam. The tanker, 145 m long,…

Goa Shipyard Limited (GSL) here has embarked on a modernisation drive to augment its infrastructure facilities to manufacture state-of-the-art vessels with competitive prices and shorter delivery schedules. A GSL source said it…