General News

AET Inc Ltd, a subsidiary of Malaysia's national shipping company MISC Berhad, has ordered four 107,500 dwt Aframax tankers from the Japanese shipbuilder Universal Shipbuilding Corp at a cost of $260 million.…

Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is Euro 8.7 million. In China, Wärtsilä will invest in the machinery and assembly…

Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the…

ABG Shipyard in India has entered into a technical collaboration with Friede & Goldman of the U.S. for manufacturing offshore oil rigs at Dahej in Gujarat. The agreement was signed in October…

Aegean Marine Petroleum in Greece signed a newbuilding contract for seven double hull bunkering tankers of 6200 dwt, with Qingdao Hyundai Shipbuilding Co. Ltd. in China. The shipyard is majority owned by…

Mumbai-based Varun Shipping said it will invest $445 million to expand its fleet of tankers, gas carriers and offshore vessels over the next 6-8 months, a senior official said.The company, which has…

Cosco has reported a 26% jump in its third quarter on strong contributions from its ship repair and marine engineering business. For the three months to September, it booked earnings of $46…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has taken delivery of the new 8000TEU container vessel ?Humber Bridge? at the Kure Shipyard of IHI Marine United. This is the largest containership ever built…

The Italian company FVH is considering buying shares worth 5.2 million Euro in the Polish shipyard of Stocznia Gdansk and another stake will be acquired by Ukrainian Donbas.FVH operates in LNG sector…