News

Wilh. Wilhelmsen (WW) and Wallenius Lines (OW) have placed orders with Hyundai Heavy Industries to build four new large car and truck carriers (LCTC). In addition, both shipowners have also ordered four…

Singapore-listed Cosco, majority-owned by China Ocean Shipping (Group) Co, said its 2007 net profit climbed to S$336.6 million ($239 million), from S$205.4 million a year ago, a 64 % increase.The company said…

A Korean company Might&Main has shown interest in buying two Croatian shipyards in the northern Adriatic. The company has sent its representatives to request additional information on the state-owned 3. Maj shipyard…

China's Sinopacific Group subsidiary Zhejiang Shipyard has signed a contract with French shipowner Bourbon for the construction of 10 offshore vessels, for delivery during 2010 and 2012. The vessels will each be…

In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for…

Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan…

Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya.…

Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk (Greenland) to build two ice-strengthened container ships for arctic operation. The contract confirms Aker Yards' position as the…

The Russian bank Vnesheconombank will be financing the construction of an 18 billion-ruble ($733 million) shipbuilding complex in St. Petersburg owned by billionaire Sergei Pugachyov.The state-owned bank signed an agreement last week…

Aker Yards ASA has dismissed a Finnish media report claiming the construction of the world's two largest cruise ships is in danger of falling behind schedule. An Aker Yards' spokeswoman said the…

Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price…

Hong Kong?s two ship repair yards, HUD and Yiu Lian, are reporting unheard of 90% dock occupancy for the past 18 months. Yet, if this important sector is to continue then the…

Malaysian shipbuilder NGV Tech Sdn Bhd is lining up a string of newbuild contracts for its newly expanded shipyard in Sijangkang, Malaysia. In 2005, the Malaysian shipbuilder expanded the yard to step…

Work on a new order for the Royal Fleet Auxiliary could be coming to the Clyde, it emerged today. A consortium led by BAE Systems has declared it wants to design and…

India?s biggest engineering and construction firm, Larsen and Toubro Ltd, is in talks with a Dutch shipowner for a new building contract valued at more than $100 million (Rs397 crore). "Yes, L&T…

Tanker owner-operator AET, a wholly owned subsidiary of MISC Berhad, welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the…

Swire Pacific Offshore Holdings (SPO), the wholly owned offshore service subsidiary of Hong Kong listed Swire Pacific Limited, has placed an order with Qianjin Shipyard in Qingdao, China, to build eight vessels…

South Korean shipbuilder C&Heavy Industries has won a $163.3 million order for four bulk ships from an unidentified Asian company. The ships would be delivered by 31 January 2011.

The state-owned Oman Shipping Company has placed two contracts for a total of ten five VLCCs with two Korean shipbuilders. Both Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI)…

U.K. Defence Secretary Des Browne recently visited Babcock Marine in Rosyth, Scotland, to witness the start of a £50 million (almost $100 million) investment project at the dockyard in preparation for construction…

ISD Polska, a subsidiary of Ukrainian steel manufacturer ISD Donbas, plans to invest z³.700 million ($283 million) to build a modern shipyard in Gdansk. However, the project may be delayed due to…

The sea transportation service company PT Samudra Indonesia has placed an order with South Korea?s STX Shipbuilding for two bulk carriers at a total value of $97.6 million.The Indonesian company placed the…

Hyundai Heavy Industries (HHI) has won a 1.28-trillion won ($1.35 billion) deal tobuild eight very large container ships (VLCS) for a European shipping company. The vessels will all be delivered by April…