General News

Deep Sea Supply (DESSC) has taken delivery of ?Sea Otter?, a 6,500 bhp AHTS vessel from ABG shipyard in India. The vessel will go directly to Indonesia for a four months time…

Aker Floating Production?s (AFP) first FPSO vessel, contracted for offshore India, is slated to be completed on schedule. In the second quarter of 2007, the Indian company Reliance Industries Limited entered into…

Solstad Offshore SA (SOFF) in Norway has entered into two contracts with Aker Yards for the construction of one platform supply/ROV vessel of Aker PSV / ROV 06 CD design and one…

Stolt-Nielsen S.A. (SNSA), the Norwegian shipping company, has signed an agreement with Xinshun Shipyard in China for the purchase of up to six 5,900 DWT bitumen tanker newbuildings due for delivery from…

Last Friday MODEC, BHP Billiton, and the Jurong Shipyard celebrated the naming ceremony of the FPSO Stybarrow Venture MV16. MODEC is the vessel owner and operator, BHP Billiton holds the long term…

Daewoo Shipbuilding & Marine Engineering (DSME) has signed a contract to build four container vessels valued at about $485 from an unidentified German shipping company. The 8,400 TEU newbuildings will be delivered…

Chinese shipbuilder Sinopacific Shipbuilding Group is planning to raise about $660 million in a public listing in the domestic A-share market in June 2008. China's CITIC Bank will underwrite the Sinopacific listing…

Former leader of Poland's Solidarity trade union Lech Walesa has condemned an attempt by the EU to close most of the Gdansk shipyard. "The European Union should help us to bring efficiency…

Sergey Pugachev's United Industrial Corp. has found an investor to pay for the liquidation of one of Russia's largest shipbuilding companies, the Baltic Yard. Vneshtorgbank (VTB) will provide the corporation with $550…