News

Having recently learned that their new aircraft carrier, INS Vikramaditya (ex- Admiral Gorshkov), would be completed two years later than contracted and at twice the cost at the Russian shipyard, Sevmashpredpriyatiye in…

Hyundai Heavy Industries in Korea has secured a contract valued at 679.8 billion won ($736 million) to build nine container ships for an unidentified client in Singapore. The vessels will be delivered…

Spanish shipbuilder Navantia hopes that its business dealings with Malaysia will not end with building the aft sections of the Royal Malaysian Navy's two Scorpene submarines. Clinching the deal to build the…

STX Shipbuilding in Korea has won orders to build 14 new ships, worth more than $750 million from Indian shipowners who are buying new cargo carriers to cash in on the growing…

The second ethylene tanker out of a series of four was delivered by Meyer Werft to the Norwegian shipping company Solvang ASA (Stavanger). This ship is the 50th gas tanker the shipyard…

One of the world's largest container shipping lines says bunker costs now account for over 50% of its vessels' operating expenditure. A senior official of the French container transport and shipping company…

The Dutch shipping company Vroon BV has ordered four 92,500 DWT bulk carriers at Cosco's Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and…

Shepherd Offshore, based at the Offshore Technology Park in Walker, Tyneside, UK, has snapped up the neighbouring former NIM Engineering site, with plans to spend ?£2m on redeveloping it. The investment will…

The Shipping Corporation of India (SCI)is to acquire six 57,000 DWT handymax bulk carriers at total investment of $269.40 million (Rs 1,077.60 crore). The acquisition of these newbuildings would augment the Indian…

Rolls-Royce has signed its largest contract with Chinese shipbuilder Sinopacific, to provide steering gear and deck machinery worth $42 million. Bjorn Johnsen, Rolls-Royce Vice President Sales and Marketing (Greater China) - Marine…

The last significant gap in the international regime for compensating victims of oil spills from ships is set to be closed, with the entry into force on 21 November 2008 of an…

Aker American Shipping Inc. has decided to split its two divisions into separate companies. One would continue to operate the Aker Philadelphia Shipyard while the other would continue to buy ships produced…

The ship owning company Aker American Shipping ASA has entered into an option agreement with Aker Philadelphia Shipyard ASA to build up to 13 product tankers at a total contract value of…

Close co-operation with Chinese design companies and shipyards has helped Bureau Veritas (BV) strengthen still further its dominating position in the booming international bulk carrier market. In the period from January to…

Singapore's SembCorp Marine Ltd is in a joint venture to set up and operate a new yard at the Yanbu Commercial Port in Saudi Arabia. Sembcorp Marine and its joint venture partner…

Precious Shipping, Thailand's largest shipping firm, has plans to spend $474 million on 15 new vessels to replace its ageing fleet. About $114 million would be earmarked for three new Supermax ships,…

The Amsterdam-based Royal Boskalis Westminster NV has ordered two new dredging vessels for its fleet from IHC Holland shipyard at a total cost of approximately 200 million Euros. Delivery is slated for…

The Orissa government in India has cleared investment proposals for a shipyard to be constructed near Dhamra. The new yard will be built by APJ-Bharati Shipping Company who submitted a proposal of…

Singapore shipyard operator SembCorp Marine said its unit Sembawang Shipyard Pte Ltd has secured a $207 million ship conversion deal from Equinox Offshore Accommodation Ltd. The contract for Equinox Offshore, a Singapore-based…

Dutch dredging services provider, Royal Boskalis Westminster NV, has contracted China's Yantai Raffles Shipyard to build a 21,500 dwt offshore rock dumping fall pipe vessel valued at around $177 million.The vessel, measuring…

Despite the boom in the global shipbuilding market, Indian shipyards face the threat of becoming less competitive following the expiry of the five-year government subsidy scheme about two months ago. The shipyards…

Delivery of each of Scan Geophysical ASA's three newbuilds has been delayed by three months. Based on updated production schedules from the ABG Shipyard in India, the new delivery dates will be…

For the first time, a foreign shipyard has picked up a stake in the emerging Indian ship building and ship repair industry. Singapore-based SembCorp Marine has recently bought a 3.31% stake in…