News

Houston-based engineering and construction services firm KBR along with fellow shareholders the Weir Group and Balfour Beatty, announced that they have agreed to sell their interests in Devonport Management Limited (DML) to…

Severnaya Shipyard in Russia has signed a contract for the construction of the hull of a sister ship to the 3,600 DWT ?Siddis Skipper?, an offshore supply vessel based on the Vik-Sandvik…

SeaMetric International AS, based in Stavanger, has issued a Letter of Intent (LoI) to ESSCA (Hong Kong) Ltd in consortium with China Petroleum First Construction Corporation (CPFCC) and the JingJiang shipyard near…

A key Canadian federal cabinet committee has given the go-ahead for a plan to construct six corvette-sized Arctic patrol vessels. The cabinet priorities and planning committee approved the program to build the…

Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, plans to raise the price of steel plates used in shipbuilding. The steelmaker said the price of steel plates will be raised to 685,000…

A new £30 million nuclear freight ship to be based in Barrow, UK, was launched in Japan recently. The 4,500 tonne ?Pacific Heron? was launched by Mitsui Shipbuilding and Engineering at its…

Fred Olsen Production ASA (FOP) has signed a strategic cooperation deal with Japan's Marubeni Corporation that will see the two firms work together to identify and execute FPSO projects in certain Asian…

In 2010 a milestone will be completed by the Indian maritime industry when it is expected to join a league of nations that possess the expertise to build and repair ships up…

Hyundai Heavy Industries Co. (HHI) has won a $978 million order to build eight container ships. The deal from a shipping company in the Marshall Islands calls on HHI to deliver the…

The Brazilian company Companhia Vale do Rio Doce (CVRD) has entered into a 25-year contract of freight with Bergesen Worldwide (B.W. Bulk), the world's leading owner of very large ore carriers, which…

Following on from the recent report about the collision involving the hopper ?W.D. Fairway? in China, Boskalis CEO Peter Berdowski announced that current information indicates that there is a constructive total loss.…

Ishikawajima-Harima Heavy Industries Co (IHI) and other major Japanese shipbuilders are hiking production capacities for the first time in about 30 years, the Nikkei reported, without citing sources. The Japanese shipbuilding industry…

PAN-United Marine (PUM) has become the first Singapore shipyard to secure an order for ultra large anchor handlers, with a contract from or Ezra Holdings to build a pair worth $65m. The…

Babcock International yesterday pulled off a golden deal to buy Devonport dockyard for £350 million and become the biggest supplier of services to the Royal Navy. The company, which runs the Faslane…

The shipbuilding industry in Durban, South Africa, is set to lose $400 million (R2.8 billion) order to build between 12 and 15 offshore supply vessels because the shipyard could be engulfed by…

Aker Yards, Rolls Royce Marine and DNV are joining forces with the Norwegian University of Science and Technology (NTNU) in Trondheim. The intention is to build an international powerhouse for research and…

Aker Yards Cabins in France was recently launched under the legal name of Aker Yards Cabins SAS and will provide cabins for all passenger vessels of Aker Yards, France and plans to…

Hyundai Mipo Dockyard Co., received a $245 million order to build five 51,000 DWT product tankers for a European company. The Korean shipbuilder will deliver the newbuildings by January 2011. The shipyard…

China Shipping Group (CSG), the second biggest oceanic transportation conglomerate in China, plans to build its first shipyard by the end of 2008. This makes it the second time in less than…

Shipbuilding group Aker Yards has signed a contract to build six 3,000 DWT anchor handling towage supply vessels (AHTS) at its new shipyard in Vietnam. The contract with Aker Capital was worth…

Hanjin Shipping in South Korea has ordered five more Post-Panamax 8,600 TEU container ships from Hyundai Heavy Industries to upgrade its current main fleet consisting of four 5,000 TEU ships. Hanjin is…

A scaled model of the hull for a new medium-sized passenger-vehicle ferry, designed by Poseidon Marine Consultants Ltd., was tested today in ice at the Institute for Ocean Technology in St. John?s,…