News

Two multi-year contracts, worth $760 million in total, to upgrade Canada?s 12 Halifax-class frigates are expected to be announced today at Victoria and Halifax shipyards.Victoria Shipyards, owned by Washington Marine Group, will…

Employees at Korea's top three shipbuilding companies receive an annual salary of almost 70 million won according to recent data. Annual salary for workers at Samsung Heavy Industries, Hyundai Heavy Industries and…

Min Keh-sik, vice chairman of Hyundai Heavy Industries, recently said that Russia plans to purchase an LNG ship built with Korean design technology. Although Korea dominates global LNG carrier orders, it has…

Norwegian gas shipper Golar LNG has won a contract worth about $450 million to provide a floating gas storage and regasification unit to Dubai on a 10-year charter. The contract with Dubai…

MSC Cruises has denied rumours that it is actively helping South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) break into the cruise ship construction business. This follows reports in the Italian…

China State Shipbuilding Corporation (CSSC) is looking for a site for its south China shipbuilding base, which could become China's largest shipyard when completed. A CSSC field study group has been scouting…

A few months ago VOSTA LMG was awarded a contract for the delivery of three hopper barges for dredging and marine contractor Van Oord in the Netherlands. During the execution of this…

The hull substructure for the first Aker H-6e semi-submersible offshore drilling rig recently started on a 50 day journey from Dubai to Stord in Norway. Weighing 16,000 tonnes, this is one of…

Lifeboat and davit manufacturer Schat-Harding has booked orders for lifesaving equipment worth a record breaking NOK300m ($60m) so far in 2008. Over 60% of these orders came from the offshore sector.Ove Roessland,…

The Bežiktaž Maritime Group has started the preliminary work for the construction of a shipyard on a 320,000 square meter plot in the southern city of Adana in Turkey. Yavuz Kalkavan, assistant…

The third in the series of the world?s largest cruise vessels for Royal Caribbean was delivered today at Aker Yards, Turku in Finland. The ?Independence of the Seas? has all of the…

GS Holdings Corp, the holding firm of South Korea's GS Group, an energy and construction-focused conglomerate, said it is studying a possible bid for Daewoo Shipbuilding and Marine Engineering. Another domestic business…

Singapore-based Jurong Shipyard, a subsidiary of Sembcorp Marine, signed a strategic alliance agreement with Rio de Janeiro-based Mac Laren Shipyard to operate a shipyard in Brazil.Under the agreement, which takes effect immediately…

A&P Tyne in the UK has been awarded the contract to carry out the conversion of a former ice breaking cargo vessel into a DP3 Floatel accommodation vessel carrying up to 399…

Garden Reach Shipbuilders and Engineers (GRSE) in Kolkata, India, is at an advanced stage of negotiations with French shipbuilding giant, DCNS (Direction des Constructions Navales Services), for jointly setting up a cutting…

Samsung Heavy Industries in Korea has won a 452 billion won ($455 million) deal to build an LNG production vessel. The contract with a European shipping company calls on Samsung to deliver…

Indian construction and engineering firm Larsen & Toubro has signed a joint venture agreement to invest 30 billion rupees ($750 million) in a shipyard and port facility. The venture with southern Tamil…

Daewoo Shipbuilding & Marine Engineering has won a 554 billion won ($566 million) order to build a drill ship. The deal from an American company calls for Daewoo to deliver the vessel,…

?SigmaPrime 700? and ?SigmaPrime 700 LT? coatings will be applied to a vessel being built in Korea for Chandris Hellas that will be the first built in full compliance with IMO?s ballast…

Norwegian-based offshore support specialist Farstad Shipping has received delivery of its latest newbuilding, the ?Far Searcher? from Aker Yards. Farstad Supply, a wholly owned subsidiary of Farstad Shipping, says the UT751 E…

Calling 2007 "a truly remarkable year," ABS Chairman and Chief Executive Officer, Robert D. Somerville reported a record fleet size and record order book. Acknowledging that "ABS has benefited from the quite…

Imtech NV in the Netherlands has won contracts worth over 50 million Euros to provide technical services on board various high-tech offshore construction vessels to be used in the exploration and exploitation…

US offshore major Global Industries has decided to build yet another new pipelay / heavy lift vessel designed by Dutch design company Ulstein Sea of Solutions (USOS). The vessel named ?Global 1201?…