News

South Korean shipbuilder C&Heavy Industries has won a $342.2 million order to build six bulk carriers for an unidentified firm in Central America. Delivery of the vessels is slated for August 2010.

Essar Shipping & Logistics Limited (ESLL) in India has contracted to acquire six modern mini Cape bulk carriers of 103,664 DWT each with an option to acquire another three similar vessels. The…

The future looks promising for a BAE Systems-Labuan Shipyard and Engineering Sdn Bhd (LSE) tie-up. The British firm is so impressed with the Malaysian company that it is in "detailed discussions" to…

Fewer and fewer companies appear ready to acquire Stocznia Gdynia. One of the reasons is the fact that the Ministry of the Treasury wants a ban signing new contracts until an investor…

Singapore shipyard operator and oil rig builder SembCorp Marine Ltd (SCM) and Nasser Mohammed Al-Mukairish and Partners Company (Al-Mukairish) have signed a joint venture agreement to form SembMarine Middle East Pte Ltd.…

Danaos Corporation in Greece has ordered three post-Panamax 10,100 teu containerships from Hyundai Samho Heavy Industries for delivery in January, February and March of 2011. Danaos has also arranged for a large…

Next month Kandla Port in India will have the country's first and Asia's second shipbuilding and ship-repair yard for building and repairing dredgers. The Rs 450-crore venture has been set up by…

Mitsui Engineering & Shipbuilding Co., Japan's third-largest shipbuilder, delivered a VLOC (very large ore carrier) that will sail between Brazil and Japan, completing an order for one of the world's largest iron-ore…

The Ha Long Shipbuilding, part of the Vinashin group, has begun building a $50 million car carrier which can carry 4,900 CEUs, becoming the largest PCTC to be built in Vietnam. The…

Titisan Selatan Sdn Bhd, the Malaysian company which will be constructing the RM650 million ($196 million) shipbuilding yard for dredgers, is currently in talks with the Selangor government to lease a piece…

Qatar Gas Transport Co QGTS.QA (Nakilat) has awarded a $610.6 million contract to Daewoo Engineering & Construction Co to build a shipyard in Qatar according to a statement made by Daewoo. It…

Maersk Line in Denmark is planning changes to its Asia ? Europe network to improve reliability and save fuel. Among the steps to be taken will be slower sailing speeds on some…

The Malaysian shipbuilder Boustead Naval Shipyard Sdn Bhd (BNS) has received orders to build a yacht-hotel and two luxury yachts. BNS said Sunborn International from Finland had ordered a 141m-long vessel to…

Classification society ABS says it is seeing a resurgence of interest in floating solutions for the transportation of natural gas aimed at capturing ?stranded? gas reserves around the world. Although natural gas…

Hanjin Heavy Industries and Construction has completed the first phase of its shipyard construction project in Subic, the Philippines. The Korean company began the project on a 2.3 million sq.m site in…

Shipbuilding and ship repair firm Cosco Corp (Singapore) will consider establishing bases in Vietnam and other Asian countries since China could become less attractive as environmental regulations tighten and labour costs rise.…

Hyundai Mipo Dockyard is considering setting up a manufacturing facility in Vietnam as surging orders spur the company to seek sites beyond Korea's shores. "We are reviewing plans to probably make part…

India?s biggest private sector shipbuilder ABG Shipyard Ltd plans to invest Rs1,300-1,400 crore to expand capacity to meet the rising global demand for building large cargo carrying ships. After the expansion, the…

The Tognum company MTU Friedrichshafen and the China North IndustriesGroup Corporation (Norinco) reached agreement on a joint venture. At a press conference in Shanghai, the two companies presented their plans to jointly…

Lafayette, La.-based Aries Marine Corp. signed a letter of intent with Eastern Shipbuilding Group for the construction of two ?TIGER? shark class platform supply vessels (PSVs). These will be built to the…

SembCorp Marine?s wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL), has entered into an agreement to acquire a 70% equity stake in Shanghai Jurong Marine Engineering & Technology Co. Ltd (JSMET). JSMET offers…