General News

St. Petersburg industrial conglomerate IST Group has sold its 88% stake in shipbuilder Baltiysky Zavod to United Industrial Corp (OPK) which owns the rival Severnaya Verf. The deal ends years of often-fierce…

Sadra Group of Iran has been contracted by the German shipowner Rickmers to build four multi-purpose vessels. The Iranian shipbuilder will construct the 24,000 DWT vessels with the first unit slated for…

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine in Singapore, is pleased to announce that the Bermuda-based SeaDrill Limited has exercised the option to build the second unit of the 6th…

Lloyd?s Register (LR) has published a pocket checklist to help shipowners comply with international regulations. Entitled ?Reducing the risk of port state control detentions?, the checklist has been compiled following a thorough…

The Australian government has approved the first stage of a $2 billion LHD Amphibious Ships project that will provide the Royal Australian Navy with two new multi-purpose ships that would have air…

Aker Arctic Technology Inc of Finland and the St. Petersburg based FSUE Admiralty shipyards have signed a contract for a licence and design including classification package of two 70.000 DWT double-acting Arctic…

The public sector Cochin Shipyard Limited (CSL) has launched the first of a series of six bulk carriers for the Bahamas based Clipper Group. The double hulled 30,000 DWT ship, named ?Bossclip…

Regional Container Lines in Bangkok, Thailand, has ordered two 1,108 TEU box ships from the Chinese shipbuilder, Jiangsu Eastern Shipyard, at a cost of $24.5 million each. They will have a service…

Kleven Verft in Ulsteinvik, Norway has signed a new contract with Norwegian owner Rem Maritime for delivery of one offshore vessel. The newbuilding is a multi-purpose supply vessel (MPSV) of the MT…

Ferguson Marine, the Port Glasgow-based shipbuilder, which last week lost out to a Polish yard in a multi-million pound Scottish Executive shipbuilding deal, reported that the latest accounts for the parent company…

Two workers were killed and another 12 injured as a result of an incident at Damen's Okean Shipyard in Nikolaev, Ukraine. The incident occurred on one of the vessels under construction when…

Russia?s Federal Agency for Industry plans to unite all shipyards that build surface navy ships and submarines into two holdings thereby putting state interests above that of the shipyards? private shareholders, Izvestia…

India?s shipping ministry plans to extend the shipbuilding subsidy scheme by another five years to 2012. The ministry is preparing a cabinet note for this purpose saying that it is examining whether…

Dubai Drydocks (DD) has been awarded a $25 million contract to convert a VLCC into a floating production storage and offloading (FPSO) vessel. Work on ?Knock Adoon?, a 240,000 DWT oil tanker…

Hyundai Heavy Industries has clinched four 9,700TEU container ships from C. P. Offen at the price of $ 530 million for delivery by 2008. Ship particulars are 350m in length, 42.8m in…

NACKS, the Chinese shipbuilder, recently won approval from the government on the construction of a 500,000DWT dry dock and work is scheduled to start in the autumn on this $247 million project.…

Saigon Shipbuilding Industry Company, a subsidiary of the country?s state-owned shipbuilder Vinashin, has launched a 6,500 DWT dry cargo vessel for as local shipping comapny. Named ?Saigon Queen?, this newbuilding is claimed…

A six-month breathing space has been agreed to secure the future of ship repair work at the former Cammell Laird yard in Birkenhead. Site owner Reddington Finance has awarded a licence for…

Fincantieri and Tallink have reached an agreement to build two new generation, high performance, ice-class cruise ferries, one of which is an option. They will be very similar to the two ferries…

Hyundai Mipo Dockyard in South Korea reported that it earned $900 million in turnover for the first half this year compared with 658 million for the same period last year. Its operating…

UltraStrip Systems Inc., the developer of high production, environmentally friendly robotic ship-hull cleaning equipment, has agreed to a five-year agreement with Tecor-Tecnologia Anticorrosao SA to be the exclusive ultra high pressure water…

Great Eastern Shipping Company Ltd (GE Shipping) in Mumbai, India, has taken delivery of a new platform supply vessel (PSV), named ?'Malaviya Twenty Four?' from the Indian shipbuilder, Bharati Shipyard. The vessel…

Indonesia's oil and gas company Pertamina plans to buy six new oil tankers next year to enlarge its fleet. The company will allocate between $60 million and $70 million next year to…