General News

The American classification society, ABS, has broken through the 120million gross ton mark to establish a new all time fleet record. ABS has benefited from the current active newbuilding market and a…

Nippon Yusen K.K., the largest Japanese shipping line, plans to order 20 new LNG carriers by 2010 and use five or six tankers for spot contracts, a change in strategy that may…

Singapore-based SembCorp Marine has secured a $144 million rig building contract from Norway's Awilco Offshore ASA. Under the deal, PPL Shipyard will construct a deep drilling offshore jack-up rig. Construction of the…

Aker Yards has signed a contract with Island Offshore VI K/S, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 776 E platform supply vessel. The value…

Offshore supply vessels (OSV) service company Garware Shipping Corporation is planning to acquire three Platform Supply Vessels (PSV) at a cost of $62.3 million. These newbuildings will be deployed to support offshore…

The world largest oil tanker owner, Frontline Ltd of Norway, is planning to branch into ownership of floating production, storage and offloading (FPSO) vessels according to Frontline Management's managing director Oscar Spieler."We…

Guangzhou Shipyard snaps up two 38,500DWT product carriers from Pancoast in Greece for delivery in March and July, 2008. They will be built as Boston beam size.Wuchang Shipyard has won three platform…

Aker Yards and the German TT-Line have signed a contract for retrofitting of four passenger-car ferries. The retrofit means renewing the vessels fuel systems to be more flexible and conforming to today?s…

Scotland will get the lion?s share of the Royal Navy?s new £4 billion aircraft carrier contracts in a decision that will determine the future shape of the British shipbuilding industry and will…

NQEA in Queensland, Australia, has finalised the $7 million sale of its Queensland Marine and Industrial (QMI) to Brisbane-based Viking Industries. NQEA has now sold QMI, trading as Cairns Slipways, as well…