General News

South Korea?s largest construction company, Daewoo Engineering & Construction (Daewoo E&C) has clinched a $443-million contract to build a shipyard in Oman jointly with an Oman-based builder. The ship repair yard is…

American Commercial Lines (ACL), an integrated marine transportation and services company, has entered into a six-year, $100 million, multi-vessel contract with a major customer, to build both liquid and dry cargo barges.…

Mumbai-based Varun Shipping Co Ltd plans to spend $400 million during 2008 to expand its fleet, with focus on the offshore sector as well as tankers and gas carriers, according to a…

COSCO Shipyard Group has received newbuilding contracts worth $422million. One contract for $172 million is to build two shuttle tankers which are slated for delivery in 2010 and 2011. The Chinese shipbuilder…

Gibraltar ship repairer Cammell Laird (Gibraltar) Ltd, which in December 2005 announced a £20 million investment in its repair yard to expand its super yacht activities, has totally changed its strategy. A…

Neste Oil in welcomes the transport biofuels targets and the strict environmental sustainability criteria for biofuels proposed by the European Commission. The Finnish oil company agrees that no feedstocks should be permitted…

Siem Offshore Inc in Norway has, through its 51% owned subsidiary Siem Meling Offshore DA, entered into an agreement to acquire a shipbuilding contract for a large-size PSV vessel. The contract price…

MAN Diesel has added another member to its family of two-stroke licensees with the signing of a contract with Zhenjiang CME Co., Ltd. (ZJCME), the Chinese engine manufacturer. The new licensee is…

The Cochin Shipyard CSL) in India has received orders worth over Rs 2,000 crore for constructing 21 platform supply vessels for European and American clients. The vessels are scheduled for delivery in…

COSCO has signed an agreement with the Jiangsu Qidong municipal government to expand its rig-building capacity. The new yard will be located at the entrance of the Yangtze River and will cover…