News

Adelaide in South Australia will become the home of Australian naval ship building following the latest defence contract. The Royal Australia Navy is to get three new air warfare destroyers and two…

Hanjin Heavy Industry has secured a $224 million shipbuilding order from a new European client on the back of increased shipping volumes and fees. Delphis of Belgium placed an order for Hanjin…

Daewoo Shipbuilding & Marine Engineering has obtained a combined $800 million worth of orders from two international customers. The South Korean shipbuilder said an unidentified US shipowner ordered an oil drill ship…

Odense Steel Shipyard Ltd. (Odense Staalskibsv?rft A/S) has announced that EPIC Shipping, UK, has contracted to purchase six RO-RO vessels from the Danish shipyard. Main particulars are length 193 m, breadth 26…

COSCO Group, China's shipping conglomerate, has signed a deal with Japan's Kawasaki Heavy Industries Ltd. to build a shipyard in northeast China, their second such venture in the country.COSCO will control 70%…

Hyundai Heavy Industries has won an 857 billion won ($923 million) order to build eight container vessels. The deal from a European company calls for HHI to deliver the ships by December…

Colombo Dockyards Limited?s (CDL) launch of the Anchor Handling Tug Supply vessel, built for Great Ship (India), is scheduled to take place next week. "This occasion will mark the first launching of…

Dubai Drydocks (DD), a market leader in ship repair and conversions, has concluded an agreement with Singapore-based Navig8 Shipmanagement Pte Ltd to build four medium range (MR) product tankers, with an option…

Samsung Heavy Industries has secured a sizable order from an Asian customer to build an FPSO in a contract worth $470 million. The vessel will be delivered by September 2010.

BMT Group Ltd, the UK-based maritime consultancy, launched its India operations last week in an attempt to tap into the ship-building boom in the country. Several Indian companies have been looking to…

China's Cosco (Zhoushan) Shipyard Co., Ltd. has received newbuilding orders worth nearly $1.2 billion. Of this, $669 million is accounted for by contracts from Cosco International Ship Trading for twelve 57,000 dwt…

In addition to the six newbuildings announced in the press release dated 2 May 2007, the Norwegian ship owner Camillo Eitzen & Co ASA signed agreements for long term time charter with…

Nam Cheong Dockyard Sdn Bhd in Miri, Sarawak, Malaysia, is planning to expand its business overseas and increase its shipbuilding capacity on the back of higher demand for oil and gas support…

Nordic Heavy Lift subsidiary Avonway has ordered a unique crane vessel with a record 5,000 tonne single mast lifting capacity from Singapore?s Sembawang Shipyard. Sea of Solutions, part of the Offshore Ship…

Fugro has christened its new 3-D seismic vessel Geo Barents. This newbuilding is a 3-D seismic acquisition vessel capable of deploying six 6 streamers of up to 9 km in length. The…

Maersk Supply Service has ordered two more 23,500bhp multi-purpose anchor handling tug supply (AHTS) vessels from Volkswerft Stralsund in Germany. The two vessels will be sister ships to the four multi-purpose anchor…

The Chinese shipbuilding company Jiangsu Eastern Shipyard has been awarded a contract to build two oil tankers worth $61.49 million by Indonesia's state-run oil firm Pertamina. Jiangsu is expected to deliver the…

Nordcapital, Germany, has signed a contract with Se Kwang Heavy Industries, (the former INP) Ulsan, Korea, to deliver four UT 786 CD anchor handling tug supply vessels (AHTS). The total value of…

The development of the WIG (wing in ground-effect) craft, which the government hoped to use as a next-generation marine transport, has stalled since the government has failed to find a private-sector partner.…

The New York-based Ship Finance International Ltd., which operates a fleet of oil tankers and other ships, has signed contracts to buy five new container ships for a combined value of $190…

Nippon Steel Corp. and Nippon Yusen Co., Ltd. co-developed corrosive-resistant thick steel plate (NSGP-1) to use for the bottoms of cargo tanks in crude oil tankers. Nippon Yusen will proactively adopt this…

South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such…