News

The Adani group in India is poised to sign a joint venture agreement for its diversification into ship building with the Japanese Tsuneishi group. According to industry sources, the Adani group is…

Miami-based Disney Cruise Line has finalized a contract with Meyer Werft shipyard of Papenburg, Germany, to build two new innovative cruise ships that will take the family-focused cruise experience to an entirely…

Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for $23.6 million per vessel for delivery in 2008. The contract…

Shanghai-based China Merchants Energy Shipping Co. (CMES), the country's biggest oil carrier, has placed orders for four crude oil tankers at a total cost of $343 million. Under an agreement, CMES ordered…

The Hong Kong shipowner OOCL has ordered another five 4,500 teu containerships from Samsung Heavy Industries in a deal worth $331milion. The shipping company already has four 4,500 teu newbuildings on order…

Singapore shipbuilder ASL Marine has stated that its new yard in China will be fully operational next year and will double its capacity to build offshore vessels. The newly built eight-hectare shipyard…

Daewoo Mangalia Heavy Industries (DMHI) of Mangalia, Romania, has signed contracts worth over $1.05 billions with three important ship owners in the first quarter of 2007.The first contract was signed in January…

Seatruck Ferries, freight-only specialists on the Irish Sea route and part of the Clipper Group, are about to introduce a major increase in capacity for the link between Heysham and Warrenpoint, Northern…

Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm, the oil…

INTERTANKO applauds IMO Secretary General Mitropoulos?s initiative to propose to the IMO Marine Environment Protection Committee (MEPC) a study group which, he stressed, will ensure that a decision on the revision of…

COSCO Group in China has inked newbuilding contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but…

Irving Shipbuilding Inc. in Canada will begin cutting steel for a new cruise ship next week, and construction of the vessel, said to be the first cruise ship built in Canada since…

Excelerate Energy, Woodlands, Texas, has reached an agreement with Exmar N.V. of Antwerp, Belgium, to take an equity interest in three additional Energy Bridge vessels capable of shipboard regasification of LNG. The…

Bharati Shipyard in India has signed a contract with UP Offshore (Bahamas) Ltd. for construction and supply of two Platform Supply Vessels. The Contract value of these two vessels is $43.30 million.It…

Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), has started switched on the steel plate cutting machine that signalled the start of its production. The first steel cutting ceremony was held at the newly-built…

Diesel engine manufacturer Cummins has selected ABS as a Recognized Organization for engines (ERO). In that role ABS will be able to issue Engine International Air Pollution Prevention Certificates (EIAPP) to Cummins…

There has been a new warning of the harm regional pollution control regulations could do to international shipping. "Only global regulations should be pursued in all aspects of shipping, including on matters…

Bore, the Finnish shipping company, has, as part of its active fleet renewal program, signed a contract for two new RoRo vessels, and holds an option for another two, to be built…

The European Commission has said that it will draft legislation, by the end of the year, aimed at tackling the shipping industry's rapidly growing contribution to climate change, by including the sector…

Davie Québec shipyard in Canada has confirmed that, barely four months after being acquired by Norwegian investors, the yard has signed two firm shipbuilding contracts worth $132.6 million each with Cecon AS…

Lifeboat and davit manufacturer Schat-Harding has established a new after sales and service headquarters in Shanghai. The new service base will provide annual and five yearly SOLAS inspections and tests, refurbishment, repairs…

Bollinger Shipyard in Lockport, LA, has launched the first of ten GPA 654 PSVs ordered by Rigdon Marine in January 2006. With this multi-vessel order, Rigdon?s GPA (Guido Perla & Associates, Inc)…

The keel was laid for the world's first floating nuclear power plant at the Sevmash shipyard. The Akademik Lomonosov will house two 35 MW KLT-40S nuclear reactors, similar to those used in…