General News

ASL Marine headquartered in Singapore, has clinched new deals worth $24 million. The latest contracts are for the construction of three work barges and four rotor tugs to be delivered to customers…

Dutch bank ABN Amro's specific purpose company CDC in Brazil has signed a contract with Brazil's federal energy company Petrobras to build the topside of the P-53 FPSO. This FPSO will produce…

The revised and expanded Rules for Materials and Components of Germanischer Lloyd (GL) are now available. The Rules define the properties of various metallic materials and lay down the requirements for the…

Norwegian-based IM Skaugen (IMS) has ordered the first four of a series of 10 specialized combination carriers capable of handling both LPG/Ethylene and organic chemicals. These newbuildings are planned to be built…

The British government gave approval for an alliance of five shipbuilders to press ahead with designing the biggest warships ever built in the UK. The Aircraft Carrier Alliance consortium would also now…

Korea Gas Corp., the world's biggest buyer of liquefied natural gas, is seeking a $938 million loan to purchase four LNG tankers for a joint operation it is setting up with three…

The Letter of Intent for two fast ropax day ferries signed on 2 November by Aker Yards and Color Line has been confirmed as a firm contract worth approx. EUR 250 million.The…

Carnival Corporation has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The contract, which is subject to the approval of…

Quanzhou Shipyard in Fujian, China, will complete a 300,000DWT and a 170,000DWT dry dock by mid-2006. Total investment is $99 million. When completed, shipbuilding capacity of the two docks will be 1.5…

Korea's leading shipbuilding companies, all members of the Korea Shipbuilders' Association, have an average workforce age of 42 and, since they have for the most part stopped hiring to shrink their payroll…

Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights…

The Coast Guard?s newest cutter, the Great Lakes icebreaker Mackinaw, ran into a seawall Monday, causing damage to its bow. The Mackinaw, operating in a special status because it has yet to…

As part of a major fleet expansion programme, the Istanbul Metropolitan Municipality in Turkey has signed a contract with Damen Shipyards Gorinchem for the construction of 5 new "Sea Buses". The catamaran…

The Norwegian shipping company Solvang ASA together with a group of investors have placed a new order with Meyer Werft in Papenburg for construction and delivery of two LEG/LPG tankers. The gas…

Pacific Basin placed a new order for four 32,000DWT handysize bulk carriers with Guangdong Machinery and Jiangmen Nanyang Ship Engineering at a cost of $21.98 each. The four will be delivered on…

Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation in the South American country with cooperation of the domestic shipbuilder Dianca. The memorandum of understanding was signed between…

Avanzamento Engineering?s (AESB) new shipyard in Manjung, Perak, Malaysia, will start operating in July 2006. About $13.2 million has been invested in the shipyard, which will employ 50 to 60 people and…

The Indonesian state-owned oil company PT Pertamina plans to acquire 32 oil tankers totaling more than 800,000 DWT for domestic oil shipments. The company`s president director, Widya Purnama, said the procurement was…

Austal Ships has secured a newbuilding contract for two 88 metre high speed vehicle-passenger catamarans from the Istanbul Metropolitan Municipality. This follows the submission of a fully compliant proposal with the lowest…

Turbomeca, the French-based player in manufacturing aero, land and marine turbines, is opening its industrial operations in Bangalore, India, though its 100% subsidiary Turbomeca Turbochargers Industrial India (TTII).The subsidiary will initially focus…

A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city's shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co…

Hudong Heavy Machinery in China aims to increase its engine product capacity by almost four times. The engine maker has set a target of producing 1.4 million bhp in 2006, 2.5 million…

KCI Konecranes in Finland has received an order for a Goliath gantry crane from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The new 900-ton crane will be delivered to the DSME…