News

Aker Yards Marine Inc. (AYM) has joined the team assembled by BMT Fleet Technology Limited that has been awarded the definition, engineering, logistics and management support (DELMS) contract for the Canadian Arctic…

The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial…

Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm…

The chief executive of Excel Maritime Carriers has called into question the financial health of a new shipbuilder, Korea Shipyard Co. Excel bought out Quintana Maritime and in the process took over…

Norwegian offshore operator DOF ASA has awarded Tebma Shipyards Limited in India a contract for the construction of a new multi-purpose service vessel (MPSV). The NOK250m vessel will be of the design…

Petroleo Brasileiro SA (Petrobras), the state controlled oil producer in Brasil, plans to order 40 drilling ships and platforms worth about $30 billion for delivery by 2017. The deep-water drilling ships and…

An important step forward has been taken by two major players in the marine, oil and gas industries which will provide enhanced competitive and flexible solutions to the offshore industry. Building upon…

Daewoo Shipbuilding & Marine Engineering Co. has recently won a 1.44 trillion won ($1.37 billion) deal to build two drill ships. The deal from an American customer calls for the Korean shipbuilder…

Davie Yards Inc. in Canada said that the former Davie Shipbuilding complex it took over in Lévis early last year now boasts a complement of 900 and the workforce will rise further…

The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard…

A tripartite agreement has been signed between a Bangladeshi firm and two Danish firms to provide necessary training to Bangladeshi workforce in shipbuilding sector. Officials of the Bangladesh shipbuilder Western Marine Shipyard…

Ulstein Design AS in Norway has agreed with Guangdong Machinery Imp. & Exp. Co., Ltd (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60…

UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have…

Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry…

Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's…

Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third…

Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas…

Cybit, the UK's leading online telematics service provider, has announced that its BlueFinger maritime division will launch a new worldwide web-based online vessel tracking service this month. Saffire-Online will for the first…

Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a…

Mumbai-based Varun Shipping Co Ltd plans to invest $300 million to buy at least four new vessels in the offshore segment this year, a top official said at a recent conference.Varun, which…

The economic situation of the Gdynia Shipyard in Poland has taken a turn for the worse and, if there?s no financial support from the state, the shipyard may go bankrupt soon according…

After a steep drop in activity during the first three months of the year, Hellenic ship owners have been busy ordering newbuildings at a pace similar to that of 2007. According to…