General News

PGS Production, a subsidiary of Petroleum Geo-Services ASA (PGS) at Lysaker, Norway, has entered into an agreement to purchase the shuttle tanker ?Rita Knutsen? from Knutsen OAS Shipping for $35 million. PGS…

Newly appointed DNV ceo-elect, Henrik Madsen, aims to strengthen the global credibility of classification, and of DNV in particular. Madsen is currently acting as deputy CEO and will formally take over the…

Dubai Drydocks is expected to become one of the leading shipbuilders in the region, with the launch of its $60 million newbuilding panel line and steel structure assembly facility in July. The…

South Korean shipbuilders have lowered their targets for orders this year due to slowing market conditions and an expected drop in demand. The nation's top three shipbuilders, Hyundai Heavy Industries, Samsung Heavy…

Wärtsilä entered into license agreement with Brazilian company Nuclebras Equipamentos Pesados SA (Nuclep) which is owned by the government and mainly active in manufacturing of heavy engineering equipment for nuclear industry, power…

CSCL in China has ordered four 4,250TEU container ships from Dalian Shipyard for delivery from September 2008 to March 2009. The Chinese carrier is also believed to be negotiating with Samsung for…

Daewoo Shipbuilding in South Korea secured a 150,900 cbm LNG RV from Exmar N. V. in Belgium at a price of $260 million for delivery in April 2009. The new order also…

GulfMark Offshore, Inc. has exercised an option to build a second Aker PSV09 design vessel. This 4,850 dwt, diesel electric powered platform supply vessel will be built at a Norwegian yard at…

Kawasaki Kisen Kaisha ("K" Line) has taken delivery of ?Guangzhou Highway?, a 48,927 gt PCTC with a 5,000 car capacity completed at Nantong COSCO KHI Ship Engineering (NACKS). This is the last…

Bulgaria's Bulyard Shipping Industry (BSI), a unit of the Bulyard consortium, plans to invest 2 million euro in refurbishments and new equipment in 2006. The consortium will use bank loans to finance…