General News

Aker Arctic Technology Inc of Finland and the St. Petersburg based FSUE Admiralty shipyards have signed a contract for a licence and design including classification package of two 70.000 DWT double-acting Arctic…

The public sector Cochin Shipyard Limited (CSL) has launched the first of a series of six bulk carriers for the Bahamas based Clipper Group. The double hulled 30,000 DWT ship, named ?Bossclip…

St. Petersburg industrial conglomerate IST Group has sold its 88% stake in shipbuilder Baltiysky Zavod to United Industrial Corp (OPK) which owns the rival Severnaya Verf. The deal ends years of often-fierce…

Sadra Group of Iran has been contracted by the German shipowner Rickmers to build four multi-purpose vessels. The Iranian shipbuilder will construct the 24,000 DWT vessels with the first unit slated for…

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine in Singapore, is pleased to announce that the Bermuda-based SeaDrill Limited has exercised the option to build the second unit of the 6th…

Regional Container Lines in Bangkok, Thailand, has ordered two 1,108 TEU box ships from the Chinese shipbuilder, Jiangsu Eastern Shipyard, at a cost of $24.5 million each. They will have a service…

Kleven Verft in Ulsteinvik, Norway has signed a new contract with Norwegian owner Rem Maritime for delivery of one offshore vessel. The newbuilding is a multi-purpose supply vessel (MPSV) of the MT…

Russia?s Federal Agency for Industry plans to unite all shipyards that build surface navy ships and submarines into two holdings thereby putting state interests above that of the shipyards? private shareholders, Izvestia…

India?s shipping ministry plans to extend the shipbuilding subsidy scheme by another five years to 2012. The ministry is preparing a cabinet note for this purpose saying that it is examining whether…

Dubai Drydocks (DD) has been awarded a $25 million contract to convert a VLCC into a floating production storage and offloading (FPSO) vessel. Work on ?Knock Adoon?, a 240,000 DWT oil tanker…