General News

TOTAL Lubmarine has outlined its position concerning increasing raw material costs and growing shortages of marine lubricants.Andrew Knox, Head of Marketing at TOTAL Lubmarine, says, "Recent events, even before Hurricane Katrina, and…

Ferry passengers travelling between a group of Indian islands in the Arabian Sea will soon benefit from a new high-speed catamaran passenger ferry service. The service will employ three new vessels designed…

A South Korean state agency that is jointly selling 51% of Daewoo Shipbuilding & Marine Engineering (DSME) might reject bids from companies that did not support national interests. Korea Asset Management (KAM),…

Hyundai Heavy Industries has won an order for two 60,000 m3 LPG carriers from Solvang and two 35,000 m3 LPG carriers from Itochu in Japan at the total contract price of $300…

Daewoo Shipbuilding has captured a contact for two semi-submersible drilling rigs from Frigstad Offshore Drilling in Singapore at the price of $480 million.They will be delivered on December 2008 and June 2009…

Newfoundland and Labrador in Canada could be the big winner in Ottawa's $1.8 billion plan to replace the navy's aging supply ships, as two of the four consortiums bidding on the project…

Petroleo Brasileiro SA, Brazil's state-controlled oil company, opened bidding on more than $1 billion of contracts to build 26 oil tankers and other vessels as the company boosts its spending on domestic…

The global fleet of LNG tankers needs to expand by 66% by 2010 to meet current and future demand from exporters including Qatar, Australia and Nigeria, according to LNG Shipping Solutions. About…

National flag carrier Shipping Corporation of India (SCI) will sign a contract with Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to acquire two 300,000 dwt VLCCs at a cost of $253…

Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an anchor handling tug supply (AHTS) vessel for delivery in April 2007. The shipyard…