General News

Korean shipbuilders are considering building more shipyards overseas to meet the current demand for newbuildings. Daewoo Shipbuilding & Marine Engineering is seeking to acquire shipyards for medium-sized vessels in Brazil, Angola and…

Jiangnan Heavy Industries in China secured an order for two 297,000DWT VLCCs from Frontline. The two tankers will be built at new shipbuilding facility and no delivery date has been revealed.

Sunferries in Townville, Queensland, Australia, has ordered two new 300 passenger capacity, fast cat ferries capable of travelling at 28 knots to operate their route across Cleveland Bay to Magnetic Island. The…

Keppel FELS has secured a contract with GlobalSantaFe Corporation (GSF) to build an ultra-deepwater drilling rig for $270 million.Under the contract agreement, GSF will supply the drilling and sub-sea equipment while Keppel…

Wärtsilä Corporation and the BLRT Grupp of Estonia will set up a second joint venture to service ships in the Baltic area. The joint venture will be owned 51% by Wärtsilä and…

A $45 million order from UK shipowner Carisbrooke Shipping for three new vessels will keep the Port Weller Dry Docks shipyard in Ontario, Canada, in full employment for the next two years.…

Chevron Corporation has awarded the Houston-based offshore drilling company, Transocean Inc., a drilling contract for the construction of an enhanced Enterprise-class drillship. The enhanced Enterprise-class drillship, to be named the ?Discoverer Clear…

Seaspan Corporation has signed a contract to build four 2,500 TEU vessels from Jiangsu Yangzijiang Shipbuilding in China. These new orders are incremental to Seaspan's original contracted fleet and will increase the…

Bergesen Worldwide Tankers signed contracts to build two 320,000 DWT VLCCs at Bohai Shipyard. These will be the largest ships of their type ever built in China and delivery is slated in…

Samsung Heavy Industries clinched a 155,000 cbm LNG carrier from Petronet and an oil platform from ONGC in India at a total price of $500 million. The 285m long, 44m wide LNG…