News

Russia has completed ice testing of a new naval vessel at the St Petersburg-based Central Research Institute. According to the head of the Institute?s Russian Academy of Sciences, Valentin Pashin, the experts…

Wärtsilä has received propulsion packages order from Sealion Shipping, the UK-based operator and manager of the Toisa fleet. The units are to be installed in a series of three Multi-Purpose Subsea and…

The Ulstein Group in Norway is starting up a new company providing services to the international shipping industry. Named Ulstein Marine Services (UMS), it will offer services to the aftermarket, technical operation…

In late October, Bollinger Shipyard announced that they had sold two 59 metre offshore-supply vessels to Odyssea Marine. The first boat, Mary Martin, has already entered service while the second is to…

Ambitious plans by domestic firms to boost India?s shipbuilding capacity in the next two to three years by investing some Rs20,000 crore may have to be whittled on the back of the…

The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in…

Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The…

Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the…

Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is…

Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC…

The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China…

Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation.…

The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said…

Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world…

BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for…

"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper…

Polish newspapers report that Abu Dhabi Investment Authority (ADIA), the world?s biggest sovereign wealth fund with estimated assets at $875 billion, is still interested in Polish shipyards. The Polish State Treasury received…

Wärtsilä has signed major contracts with Aker Yards AS S?viknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of…

Wärtsilä Corporation's logistics partner, CEVA Logistics, has been awarded the first Lean & Green Award 2008 in the Netherlands. CEVA Logistics won the award for their best practice example in designing a…

Some 300 workers from the ailing Polish shipyards have been protesting in Brussels, demanding their jobs be saved. The European Commission is closely involved in the future of the Gdynia and Szczecin…

Wärtsilä engines will power the world's largest ore carriers, 12 of which have been contracted by a Brazilian shipowner. This is the biggest order for Wärtsilä RT-flex82T low-speed engines, which is one…

Tanker shipping entered a new era of robust vessel construction recently when Shanghai Waigaoqiao Shipyard (SWS) delivered to Singapore?s Ocean Tankers (Pte) Ltd the first VLCC built to Common Structural Rules (CSR).Weighing…

Fincantieri has won an order to build a fleet tanker for the Indian Navy against strong competition from leading international players, especially from Russia and Korea. The vessel, which will be built…