News

Swiss engineering company ABB Ltd (ABB) has won orders worth $30 million for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be…

The California State Lands Commission recently issued a report that assessed the efficacy, availability and environmental impacts of currently available ballast water treatment technologies. Said the report: "Thus at least two systems,…

Daewoo Engineering & Construction has signed a contract worth QR2.2 billion ($610.6 million) with Qatar Petroleum (QP) to develop a shipyard in Qatar. Daewoo put the value of the order at 895.1…

Confident that the present economic downturn will not hit its ambitious Rs 2,000 crore shipyard plan near Chennai, Larsen and Toubro (L&T) said that to begin with it would start building naval…

Herma Shipping and Transport Corp. is set to deliver a double-hulled tanker to Chevron Philippines, the country?s third-largest petroleum company, by the first quarter of the year. The company, which is reviving…

Indian shipbuilder ABG Shipyard could see the cancellation for an order of three seismic vessels from Norwegian owner Scan Geophysical which recently stated that it was unable to sign a sale and…

Hyundai Heavy Industries (HHI) has beaten the world?s largest delivery record for large sized vessels, delivering 102 vessels in 2008. On 29 December last year, HHI held a naming ceremony for a…

The Mumbai-based Great Eastern Shipping Corporation (GE Shipping) announced that it has cancelled orders for the construction of two Supramax bulk carriers. The 57,000 dwt vessels had been on order with an…

The main creditor of Daewoo Shipbuilding & Marine Engineering (DSME) threatened to scrap a deal to sell the shipyard to Hanwha Group unless the conglomerate sticks to the 30 January deadline to…

Alnmaritec, the specialist aluminium boat builder based in Alnwick, Northumberland, UK, recently announced the successful launch of one of the largest boats it has built in recent years.The ?Aaryan? has been built…

Chipolbrok, the Chinese-Polish Joint Stock Shipping Company, has decided to invest another RMB2.3 billion ($340 million) in six heavy lift ships. The company will also re-instate a total of seven other ships…

Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405 million rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter?s exploratory discussions…

STX Shipbuilding plans to challenge the top tier of global ship builders by using Dassault Syst?mes? ENOVIA PLM solution to deploy its process innovation (PI) project, across all three of its production…

The US-based Tricon Marine, a high-quality builder of FRP/Composite luxury yachts up to 55 metres long, has completed construction of China's first and only North American-owned and operated shipyard. Yachts currently under…

The Greek shipping company Danaos recently took delivery of one more containership, the 'Zim Monaco', expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU. The newbuilding has a…

Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its group identity and adopted a more integrated approach to work sharing. Design teams in Ijmuiden, Montrose, Escrick, Bideford and Shanghai will now all operate…

Indian shipbuilders may maintain profit growth in 2009-10 but order intake will deteriorate further as shipping companies stung by a credit crisis and plunging freight rates put expansion plans on hold and…

Manitowoc Co. Inc. in the USA said recently that it has completed the sale of its shipbuilding business to Fincantieri of Italy for about $120 million in cash. Manitowoc said it intends…

Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year…

Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized…

A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry…

Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an…

Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in…