General News

Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) are establishing a joint venture to manufacture large, low-speed marine engines in China. CSIC will hold 50% of the joint venture,…

Matson Navigation in the US has signed a $17 million contract with Atlantic Marine Alabama to convert a Matson containership to one that can partly serve as a vehicle carrier. The ?Mokihana?…

Concordia Maritime in Sweden has exercised existing options and placed an order with the Brodosplit shipyard in Croatia for a further two vessels in the P-MAX series, thus extending the series to…

Two more for MaerskAP. Moller - Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The value of…

Solstad Offshore ASA has entered into a contract with Karmsund Maritime Service AS for the building of two large anchor handling vessels (AHTS). They are developed in close cooperation between SOFF and…

DEME?s latest trailing suction hopper dredger was christened in the port of Zwijndrecht, Belgium. Named ?Marieke?, the newbuilding was delivered by IHC Holland Dredgers BV on 28 July. The 5,600 m³ Marieke…

Kuwait Oil Tanker (KOTC) plans to order four VLCCs at a total cost of some $500 million. The new order was approved by the national oil conglomerate Kuwait Petroleum Corp. and will…

Offshore drilling rig contractor Ensco International has contracted Singapore shipyard Keppel FELS to construct a $385 million ultra-deep water semisubmersible rig. Delivery is scheduled for the fourth quarter of 2009.Ensco said is…

In what could be the world?s fourth-largest shipyard is nearing completion in Redondo Peninsula, Subic Bay, Philippines, and it promises to generate $3.6 billion in annual sales. The $1 billion Hanjin Shipbuilding…

Hyundai Heavy Industries (HHI) is in advanced talks to buy Chinese steel maker Qinhuangdao Shouqin Metal Materials Co. Ltd. after completing due diligence. "We are in negotiations over the terms of the…