News

Hyundai Heavy Industries plans to spend 134.1 billion won ($143 million) on building another dry dock because of growing orders for container ships and other vessels.This will by Hyundai?s 10th dock, and…

Wärtsilä Corporation has decided to manufacture controllable pitch propellers (CPP) in India to create an important and sizeable production capacity increase for the CPP business. The new activity will incur an investment…

Evergreen Group, parent of Taiwan's biggest shipping line, may invest in a Chinese shipbuilder to accelerate delivery of new vessels. The company "is looking for opportunities overseas" and "China is one of…

Samsung Heavy Industries has won a $1.3 billion order to build five container ships and one offshore oil-processing vessel for a European client. The latest deal brings its total orders this year…

ISD seeks ownership of Polish shipyardISD Polska, whose majority owner is the Ukrainian Donbas, has placed a binding offer to purchase newly offered shares of the Gdansk Shipyard (SG) for 400 million…

Last year, the State Council of the People's Republic of China set specific targets that would see the shipbuilding industry reach an output of 17 million dwt and a capacity of 23…

The European Commission believes Poland's Gdansk shipyard merits a 'sustainable and viable future', spokesman Jonathan Todd said as competition commissioner Neelie Kroes met with worker representatives from the site. The commission has…

Integrated oil logistics provider Titan Petrochemicals Group Limited (Titan) has reached a definitive agreement to acquire a 100% interest in Titan Quanzhou Shipyard from its majority shareholder for a total consideration of…

The Malaysian shipping company Global Carriers Bhd has awarded two shipbuilding contracts worth a combined $21.76 million to the Chinese shipbuilder Ningbo Shipyard Co Ltd. The contract involves building two double-hull oil…

The Committee for Expertise of Shipbuilding Specifics (CESS) held its annual meeting in San Francisco on 30 August when the members associations Japan, Europe, Korea and U.S.A. gathered and discussed key issues…

Aker Yards ASA has entered into a contract with the Spanish company Sener Ingenier?a y Sistemas S.A. for the implementation of FORAN System across the group's shipbuilding organization.FORAN is already operating successfully…

The construction of the first indigenous offshore drilling rig in India is likely to be delayed as Mumbai-based Bharati Shipyard may not be able to build and deliver the jack-up rig by…

The second of B.C. Ferries (BCF) Super C-Class vessel was recently launched at the FSG Shipyard in Flensburg, Germany. Named ?Coastal Inspiration?, the newbuilding will carry 370 vehicles and 1,650 passengers on…

Iran has formed an international consortium to attain technology for constructing LNG carriers. Iranian Offshore Engineering and Construction Company (IOECC) is currently holding talks with reputable international companies to acquire the technology…

According to industry sources, ABG Shipyard is close to bagging a $350 million European order. However, ABG Shipyard management has said that it cannot comment on the specific deal.Anything above $360 million…

Lloyd?s Register has announced the introduction of RuleOutlook Live, a new interactive online service to keep ship owners and operators informed and up to date with the regulatory environment affecting the maritime…

The European Commission is considering the future of Poland?s Gdansk shipyard as Warsaw opposes EU demands to cut down the yard?s production capacity. The Baltic Sea Gdansk shipyard faces the EU ultimatum…

Odense Steel Shipyard Ltd. (Odense Staalskibsv?rft A/S) in Denmark has concluded contracts with Carras Hellas Group, Greece, for a series of newbuilding Capesize bulk carriers. This new 180,000 dwt design has been…

Aker Yards has entered into a contract with an international shipping company to build two 5,000 dwt anchor handling tug supply vessels of Aker Yards AH 12 design.The total value of the…

The Maritime & Coastguard Agency (MCA) in the UK detained eleven foreign ships in UK ports during July 2007 after failing Port State Control (PSC) safety inspection.Latest monthly figures show that there…

Mumbai-based ABG Shipyard is all set to take over Western India Shipyard (WISL) in a $48 million deal to be announced in a few weeks. ABG will get management control of WISL…

L&T wins Dutch orderThe Indian engineering and construction firm Larsen & Toubro Ltd. has won a contract worth $70 million from RollDock BV of the Netherlands to build two 8,250 dwt semi-submersible…