News

The Ananda Shipyard and Slipways Ltd (ASSL) in Bangladesh has signed a $67 million agreement with Hermann Lohmann Bereederunges GmbH & Co, Germany, to build four sea-going vessels. Under the deal, ASSL…

Germanischer Lloyd (GL) continues its growth strategy of previous years. The classification society presented its financial figures for 2007 and announced a turnover of 421.7 million Euros. This is a gain of…

Ezra Holdings Limited in Singapore has placed orders for two new offshore service vessels totalling S$95 million. The first contract, worth S$69 million, was awarded to Keppel Singmarine Pte Ltd, to construct…

The fourth in a series of 74,999 dwt 1A Ice class product tankers has been delivered by the Brodosplit Shipyard in Croatia to Marinvest of Gothenburg, Sweden. The vessel, named Mariann, which…

The company responsible for building New Zealand's four inshore patrol vessels will close by the end of this year. Manager Alistair Taylor confirmed Tenix Shipbuilding New Zealand Ltd would close its Whangarei…

Offshore shipping and shipbuilding group Jaya Holdings plans to expand its shipyards in Indonesia and China to take advantage of the perceived continuing strong demand in the offshore shipping sector. The group…

Russia's United Industrial Corporation (UIC) and South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) have signed a memorandum on interaction in shipbuilding projects, local media in St Petersburg report.The document envisages cooperation,…

The dockyard, on 1.8 million m2 of land in Gunsan, North Jeolla Province at the west coast of Korea, with 1.2 trillion won ($1.18 billion) investment, will be equipped with a number…

Interferry and the International Maritime Organization (IMO) have extended the Memorandum of Understanding (MOU) on their joint campaign to reduce ferry fatalities by 90% in developing nations. The original two-year MOU has…

EU regulators cleared South Korea's shipbuilder STX Corp. to buy a 39% stake in Europe's largest shipbuilder, Aker Yards ASA. The EU dismissed initial worries that the deal might cause antitrust problems…

Keppel Fels has won a $512 million contract for an ultra-deepwater semi-submersible drilling rig from oil drilling major Ensco. The Ensco 8504 will be the fifth semi-submersible being built by the KepFels…

Practical research being undertaken by the container operator APL, a member of the Singapore-based Neptune Orient Lines (NOL), is being aided by the Propulsion Dynamics CASPER (Computerized Analysis of Ship PERformance) programme.…

The Regional Marine Pollution Emergency Response Centre for the Mediterranean Sea (REMPEC) has become a role model for other centres for its work in combating and preventing pollution from ships, International Maritime…

The world?s largest cable maker, French-based Nexans, has formed a joint venture with the Mumbai-based Polycab Wires to make rubber cables. The venture will initially invest $37 million to make cables for…

Two of Italy?s specialist cruise shipyards are to join forces in a new alliance. Genoa-based shipbuilder T. Mariotti and next door neighbour San Giorgio del Porto, which specialises in repair and conversion,…

IMT Marine Consultants, a partner in the Offshore Ship Designers group, has been contracted to design a series of eight IMT 957 AHTS/Utility Vessels to be built at Qingao Qianjin Shipyard in…

Greatship (India) Limited (GIL), a wholly owned subsidiary of The Great Eastern Shipping Co. Ltd., has placed an order for two construction support vessels with Colombo Dockyard Limited for delivery in September…

Samsung Heavy Industries has won a $942 million deal to build a drill ship. The deal with Sweden-based Stena Line Co. calls on Samsung to deliver the vessel, used for deep-water oil…

Cosco Corp. Singapore Ltd. aims to draw one third of its business each from ship repairs and conversion, new shipbuilding and offshore marine engineering services. The three key businesses contribute S$653.1 million…

The Anglo-Norwegian reefer company Star Reefers Inc. has agreed with a Japanese owner to time-charter four more new reefer vessels each with a capacity of 615,000 cbft and almost 200 FEU containers…

Russia?s Sovkomflot OJSC is eyeing the possibility of ordering a series of gas carriers from Admiralty Shipyards in St. Petersburg. According to local sources, the scope of the order will depend on…

The Offshore Ship Designers group (OSD) has opened a design office in Shanghai, China. Initially staffed with six naval architects it will provide design resources to OSD's European partners and also provide…

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is…