General News

Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of…

Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this…

Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14…

Daewoo Shipbuilding & Marine Engineering (DSME) in Korea has developed a liquefied natural gas- regasification vessel (LNG-RV) for the first time in the world. The LNG-RV supplies regasified LNG directly into the…

Hamworthy has won orders worth $5.2 million for cargo pump room systems to be installed on eight ships being built by Dalian Shipyard in China. Hamworthy cargo pump room systems have been…

With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five…

The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales…

The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from…

A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took…

While the big public sector shipyards in India are struggling with low order books, their smaller counterparts in the private sector that are engaged in building smaller vessels are being bolstered by…

Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January. A 200,000dwt Cape-size bulker named Cape Rosa was delivered from…

Iran is planning to undertake the construction of LNG carriers. An official in Sadra Company said, "French technology is employed in the manufacture of the vessels and grounds are paved for manufacturing…

The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of…

The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows…

In order to export its LNG to India, Iran will require more than eight tankers, an official in National Iranian Oil Tanker Co. (NIOTC) said. "Although, detailed studies have not been carried…

China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year. In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003,…

Daesun Shipbuilding in South Korea has secured a contract for four 1,043TEU container ships from an undisclosed ship owner. Total contract price is $ 76.8 million and delivery is scheduled between 2007…

Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and…

Hapag-Lloyd has ordered three 100,000 DWT post-Panamax containerships from South Korean shipbuilder Hyundai Heavy Industries. The 8,600TEU vessels will have a length of 335m, a width of 43m and the lead-ship will…

TTS Marine ASA has entered into agreement with Dalian New Shipbuilding Heavy Industry (DNS) to establish a joint venture company for supplying cranes to new ships being built in Chinese shipyards. This…

Tulcea Shipyard, owned by Norwegian group Aker, forecasts triple turnover for this year, up to 120 million euros. The company's management is hiring more employees in order to be able to fulfill…

Nippon Yusen Kaisha (NYK) in Japan ordered three 300,000DWT VLCCs from IHI Marine United for delivery from 2008 to 2009. NYK now has 13 VLCCs on order and is in accordance with…

The Korea Shipbuilder's Association recently presented a report that Chinese shipbuilders are likely to overtake Korean yards in the construction of large container ships within the next five years. It also claims…