General News

As a result of increased activity in deep-sea oil fields, orders for new floating production units (FPU) are increasing. DSME estimates that 166 FPUs are likely to be ordered by 2010. The…

Korean shipbuilders and marine equipment manufacturers have signed a cooperation agreement for mutual development. As a result of this agreement, Korean shipbuilders aim to increase the content of Korean made equipment from…

China's shipbuilding industry is expected to exceed ten million tonnes this year, which will account for 18% of the world?s newbuilding market compared with 15% last year. General Manager of the China…

Aker Yards has been awarded a contract worth approximately NOK 270 million by Olympic Shipping AS to build an AHTS vessel of the UT 712 L type.Delivery from Aker Brattvaag?s' S?viknes Verft…

Samsung has recently increased its LNG order book with orders from ChevronTexaco and a Japanese shipping company. The US oil major has placed a contract for two plus two dual fuel 155,000…

The Finnish ferry company Silja Line, part of Sea Containers Limited, has signed a letter of intent with Aker Finnyards for two ropax vessels. The value of the two ships is Eur205…

Meyer Werft in Papenburg, Germany, is to build another cruise ship for the US cruise operator Norwegian Cruise Line (NCL) for delivery in early October 2007. The newbuilding is a sister ship…

The Singapore-based shipyard, SembCorp Marine, has posted a 13% rise in first-quarter net profit to $14.5 million. The increase was helped by record oil prices which fuelled demand for the company?s services.…

More than half the workforce at a troubled British shipyard has been made redundant. About 160 of the 240 workers employed at McNulty Offshore in South Shields, South Tyneside, will lose their…