General News

Vela International Marine Limited, a wholly owned subsidiary of Saudi Aramco, signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to build six VLCCs at its Okpo yard in South Korea.…

Daewoo Shipbuilding won six VLCCs from Vela with delivery of 2009. Shina Shipbuilding won four 41,000DWT product carriers from Ocean Tanker in Singapore. IHI MU in Japan won a new order of…

Ministry of Maritime Affairs and Fisheries (MOMAF) in South Korea is selecting a shipbuilder to construct a 6,950 tonne ice breaking research vessel for the Antarctic. Delivery of the $102 million vessel…

Construction of the largest shipyard in southern Viet Nam began in Nhan Trach district, southern Dong Nai province. Vinashin will be investing nearly 600 billion VND ($38 million) in building this facility…

The American cruise operator Celebrity Cruises, an affiliated company of Royal Caribbean Cruises Ltd., has ordered another large cruise vessel from Meyer Werft in Papenburg, Germany. The contract for the construction of…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has entered into service its new 140,000 cbm Moss type LNG carrier "Arctic Discoverer", constructed at Mitsui Engineering and Shipbuilding's Chiba Works in Japan. The vessel…

Seaspan Corporation based in Vancouver has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG ("Conti") of Germany. This acquisition is incremental to Seaspan's original…

South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labour and large construction facilities. Leading the pack is Samsung Heavy Industries which…

Aker Yards has confirmed an optional agreement with Siem Offshore to build two platform supply vessels (PSV). The value of the contract is approximately $40 million and delivery is scheduled for second…

Wärtsilä Corporation has acquired the entire business of Total Automation Ltd, a Singapore-based public marine automation company, and all Total Automation's shares in its subsidiaries at a price of approximately EUR 61.6…