News

Australian-owned tour operator Scenic Tours has completed the formation of its European operations company Scenic Tours Europe AG that will be based in Zug, Switzerland. It is a venture that will mean…

Singapore-based shipbuilder Jurong Shipyard has won a contract to build an ultra-deepwater semi-submersible rig for the international offshore drilling contractor, SeaDrill. The deal is worth $535.5 million. The semi-submersible rig is scheduled…

Ace Marine Ltd, the Fife-based firm of naval architects, has acquired the oldest continually operating yacht design business in the world, A Mylne & Co ? including the design archive, described by…

According to local reports, investors from Kuwait are interested in buying shares in the New Szczecin Shipyard (SSN). Talks concerning the investment will be conducted during Prime Minister Kaczyński's visit to Kuwait.…

Daesun Shipbuilding in South Korea has secured an order for a 1,000 TEU container ship from a Middle East shipowner. Contract price is W 22.2 billion and delivery is scheduled for June…

Mumbai-based Transworld group is expanding its operations in a major way by ordering four container ships costing $25 million each from Singapore?s warship specialist shipyard Singapore Technologies Marine Ltd."Each of these ships…

The Republic of Vanuatu, with an established network of offices, deputy commissioners, special agents and inspectors in Asia ? Tokyo, Taiwan, Korea, Singapore, Hong Kong, the Philippines, Indonesia, Malaysia and Thailand --…

Sister to the BUTE delivered last year, the latest new ferry built for Caledonian MacBrayne, the ARGYLE, recently arrived on the Firth of Clyde having sailed from the shipbuilding yard Remontowa in…

Bangladesh?s main shipbuilder, Ananda Shipyards Shipways Ltd (ASSL), has won a $100 million contract to build eight vessels, a deal seen as helping pave the way for the nation to emerge as…

Bharati Shipyard Limited (BSL), one of the leading private sector shipyards in India, has signed a contract with Great Offshore Ltd (GOL) for construction and supply of a multipurpose offshore support vessel…

Samsung Heavy Industries has won a drill ship from Saipem at a cost of $660 million for delivery in March 2010.

Shipping Corporation of India (SCI) is planning to invest $280 million in acquiring four container vessels to cater for the rapidly-expanding European and American markets. Two vessels, of 4,400 TEUs each, will…

Mumbai-based shipbuilder Pipavav Shipyard and Engineering (PSEL) is currently restructuring its capital basis by inviting overseas investors to take a stake in the company. The post-restructuring envisages that four financial investors will…

The Norwegian shipbuilder and design company Ulstein is looking to China for future growth. "We want to get into a broader market with our solutions and knowledge. Our intention is to expand…

Uljanik Shipyard in Croatia has delivered a 12,300 DWT Pure Car Truck Carrier (PCTC) with a 4,900 CEU capacity to Ray Shipping. Named Opal Leader, this newbuilding is 176 m long, 31.10…

The Larsen & Toubro/SapuraCrest Petroleum Bhd joint venture has ordered a new-generation heavy-lift/pipelay vessel designed by Sea of Solutions, part of the Offshore Ship Designers Group in Holland. Sea of Solutions was…

Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Group is in talks with several foreign investors and could sell a one-quarter stake prior to its stock market listing, expected as early as 2009. Privately…

There are plans to make Labuan Shipyard and Engineering (LSE) a world-class facility with the capability for ship repairs and, more importantly, shipbuilding, within two years. The first step is to train…

Quintana Maritime Limited, an international provider of dry bulk transportation services, has agreed to acquire a newbuilding Capesize bulk carrier of 180,000 deadweight tons (dwt). The vessel will be constructed by Imabari…

Japan?s Kawasaki Kisen Kaisha, Ltd. ("K" Line) has started a new ecological project to reduce CO2 emissions by implementation of economical speed navigation in Ise/Mikawa Bay for all "K" Line owned or…

Offshore vessel designer, Offshore Ship Designers (OSD), says going green is no longer just an expensive option, and it is no longer just about containing noxious emissions and oil spills. A global…

China's two largest shipyard groups plan to double capacity by 2010, challenging South Korea as the world's top builder. China State Shipbuilding Corp., the nation's biggest, will have a potential 12.3 million…