General News

The Singapore-based shipbuilder, Pan-United Marine (PUM), said it expects to increase revenue and improve its operating margin in 2007 thanks to higher-value orders and a 50% jump in vessel deliveries.The company's two…

Mike Turner, chief executive of the UK?s defence company BAE, recently said that the firm was "looking very hard" at acquiring the Devonport-based naval support firm DML as part of its plans…

Hyundai Heavy Industry?s (HHI) Engine & Machinery Division recently successfully completed operational tests for a side thruster with a capacity of 2,000kW. The side thruster will be installed in a 145,000m3 LNG…

South Korea?s POSCO Group has expressed interest in Daewoo Shipbuilding & Marine Engineering (DSME), which is slated to go on sale around September. The world's second-largest shipbuilder is regarded as an attractive…

Daewoo Shipbuilding has won a new order of a semi-submersible drilling rig from Odfjell Invest at a cost of $430 million. The new order also attaches one more option and delivery is…

Knutsen OAS Shipping in Norway has been awarded a long-term time charter with the Spanish energy company Repsol for two LNG new buildings. The two vessels will be delivered from Daewoo Shipbuilding…

DNV and Vietnam Register (VR) have recently signed a corporate agreement to strengthen both positions in the growing Vietnam market. The agreement outlines a co-operation in training and work sharing for single…

Korea's shipbuilding industry, ranked top in the world, was overtaken by China's in terms of order volume last January for the first time ever. According to Thursday's report from Clarkson, a market…

Those who take their megayachts to Monaco this summer will have a new place to go if repairs are required. La Ciotat, the new shipyard from Monaco Marine and Semidep is possibly…

The small but successful Disney Cruise Line has ordered two large cruise ships in a move that will more than double its passenger capacity. Disney CEO Bob Iger says the company has…