General News

Korea Line placed an order of a 105,500DWT tanker with an unspecified Japanese shipbuilder at a price of $55 million for delivery during first half of 2009.

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has placed orders for five 6.400 TEU container ships with the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. (Koyo Dockyard Co., Ltd.). These newbuildings are scheduled for…

The Greek-based easyCruise and Neorion Holdings have signed a letter of intent for the construction of two cruise ships with the option for a further two in Neorion Holdings? shipyards in Greece.…

The San Francisco Bay Area Water Transit Authority (SFBAWTA) has issued a Letter of Intent to award a contract to Nichols Brothers Boat Builders for the construction of two new 149 passenger…

BAE Systems and VT Group are considering joining forces as a fallback plan if they decide not to press ahead with a bid for rival warships builder and support services company Babcock…

The Adani Group in India is in an advanced stage of negotiations with at least three international shipbuilding companies, two in South Korea and one in Japan, to forge a strategic partnership…

Hanjin Heavy Industries secured an order for four 3,100TEU container ships from a European ship owner. Total contract price is $248 million and will be delivered by May 2009.

Larsen & Toubro (L&T), India's largest construction and engineering firm, aims to invest more than $111 million to build a second shipyard and grab a share of the global demand for vessels,…

To meet the strong level of market demand and to support the company's growth target, Wärtsilä is investing in higher efficiency and capacity for engine assembly and testing. This means an aggregate…