General News

Houston-based GulfMark Offshore recently ordered a $130 million, five vessel addition to the existing newbuild programme, including three 3,000 dwt platform supply vessels (PSVs) built to U.S. flag requirements and two 10,000…

South Africa's first shipyard to construct oil and gas production platforms was opened earlier this week, providing a foothold for the country to take advantage of a booming oil sector in Angola…

MISC Bhd, the Malaysian shipping company with a big stake in the LNG market, has allocated about RM1.5 billion ($450 million) over the next four to five years to upgrade and expand…

Keppel Singmarine Pte, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a repeat contract from Greatship Global Offshore Services Pte to build two platform supply vessels. Deliveries for these…

Aker Yards has signed a contract with "K" Line Offshore AS to build four platform supply vessels of Aker Yards design. The total value of this contract is approximately NOK 1.4 billion…

Kleven Verft in Ulsteinvik, Norway, in cooperation with its sister yard Myklebust Verft, has signed two contracts with Siem Offshore Inc. of Kristiansand, Norway, for the delivery of two large and environmentally…

Indias biggest private sector shipbuilder ABG Shipyard Ltd will invest about $100 million (Rs394 crore) to set up a factory at Dahej in Gujarat that will make diesel engines for ships through…

Canadian defence firms are lining up to bid on a $1 billion contract to upgrade the Royal Canadian Navy's frigates, promising a boost in employment on the West Coast. The Canadian government…

South Korea's Hyundai Mipo Dockyard Co Ltd, an affiliate of Hyundai Heavy Industries Co, has secured an order worth $474 million from an unnamed shipowner in Europe. Under the contract, the shipbuilder…

The Singapore company SembCorp Marine, the world's second-largest builder of offshore oil rigs, is paying SGD 29 million ($19 million) for a stake in an Indian shipyard. The purchase of a 3.31%…