News

Stolt-Nielsen S.A. (SNSA), the Norwegian shipping company, has signed an agreement with Xinshun Shipyard in China for the purchase of up to six 5,900 DWT bitumen tanker newbuildings due for delivery from…

Chinese shipbuilder Sinopacific Shipbuilding Group is planning to raise about $660 million in a public listing in the domestic A-share market in June 2008. China's CITIC Bank will underwrite the Sinopacific listing…

Former leader of Poland's Solidarity trade union Lech Walesa has condemned an attempt by the EU to close most of the Gdansk shipyard. "The European Union should help us to bring efficiency…

Sergey Pugachev's United Industrial Corp. has found an investor to pay for the liquidation of one of Russia's largest shipbuilding companies, the Baltic Yard. Vneshtorgbank (VTB) will provide the corporation with $550…

South Korea?s Posco Group, the world?s third-largest steel manufacturer, will build a hot-rolled steel plant at a cost of $4.5 billion in central Vietnam?s Khanh Hoa province. The factory, to be erected…

State-owned Shipping Corporation of India (SCI) unveiled an ambitious plan to add 60 million tonnes of vessel capacity in the Eleventh Plan with an investment of $ 3 billion, to meet the…

Hyundai Heavy Industries plans to build its 10th dry dock in Korea to meet rising orders. The construction of the dry dock, 640 metres long and 92 metres wide, will be completed…

Samsung Heavy Industries, the world's second-largest shipbuilder, has won a 1.25 trillion won ($1.35 billion) deal from an Asian shipping company to build eight container ships for delivery by May 201. Last…

Italian shipbuilder Fincantieri has adopted and will standardize on MSC.Software?s new SimEnterprise technology across all company sites and their extended supply chain.With typical development cycles not exceeding 36 months and including a…

A local industry report claims that India's Shipping Ministry is considering plans to ban ships over 25 years old from docking at the country's ports. Also being considered are ships flying flags…

Australia?s Federal Government will sign a contract with Spanish designer Navantia, Adelaide-based shipbuilder ASC and systems engineer Raytheon by mid-September, for the construction of three 6,000-tonne air warfare destroyers for the Royal…

Vladivostok-based Far-Eastern Shipping Company (FESCO) has ordered a series of new bulk carriers to be built in China at the Quingshan Shipyard in Ukhan.The 57,000 DWT newbuildings will be 190 metres long…

ABG Shipyard in India has bid for two shipyards on the western coast, state-run Alcock Ashdown (Gujarat) Ltd. and Western India Shipyard Ltd.. In May, it bought unlisted Vipul Shipyard. Its competitor,…

Samsung Heavy Industries (SHI) has received an order from a US firm to construct two drill ships, just in time to put the company's combined orders for the first half of the…

Abu Dhabi Ship Building (ADSB), the region?s only specialist naval and para-military shipbuilder, has signed a contract with Bahrain?s Ministry of the Interior to refit ten coast guard patrol boats. The deal…

Greatship Global Offshore Services Pte. Ltd. (GGOS), Singapore, wholly owned by Greatship (India) Ltd (GIL), has signed a contract for two more new building multi purpose platform supply vessels (PSV) with Keppel…

The International Bunker Industry Association (IBIA) has moved quickly to dispel certain misconceptions circulating within the market concerning the circumstances under which regulations affecting shipping within the designated Sulphur Emission Control Area…

A project to build a shipyard at Porto Amboim in the Angolan province of Kwanza Sul has been presented by two oil companies, Servi?os de Produ??o de Petroleos (OPS) and Sonangol.Jo?o Filipe…

For the first time China has overtaken Japan to rank the second in terms of vessel order book tonnage with a record $5.49 billion new orders during the first half of the…

Skipsteknisk AS of Norway was awarded the design contract for a second vessel ordered by Volstad Maritime AS for DeepOcean through its subsidiary CTC Marine Projects Ltd. The vessel of ST-256 L…

Keppel Offshore & Marine Limited (Keppel O&M) has officially opened its new wholly-owned subsidiary, Keppel Nantong Shipyard Co Ltd (Keppel Nantong), in Nantong, Jiangsu province, China. The official ceremony was marked by…

Mumbai-based shipbuilder Bharati Shipyard has bagged an additional order worth about $44 million from UP Offshore (Bahamas) Ltd., for two platform supply vessels. In April, the company had secured the first order…