News

The European Commission said it approved the proposed acquisition of joint control by French defence equipment supplier and naval prime contractor Thales, together with the French state, of French state-owned military shipyard…

The accident frequency in shipping has decreased over the past few decades. However, although the figures today are half of what they were in the late 80s, this trend is about to…

Chinese shipbuilders have caught up with their South Korean rivals in new orders received in the first two months of this year, according to an international market researcher. Hyundai Heavy Industries, Samsung…

Daesun Shipbuilding in South Korea signed a letter of intent on the construction of four 25,000DWT class chemical tankers from a European ship owner. They will be delivered by July 2010. Contract…

China's Baosteel Group Corp and China State Shipbuilding Corp (CSSC) signed an agreement to invest more than 10 bln yuan in a civilian shipbuilding joint venture, the official Xinhua News Agency reported.Xinhua…

The first of 72 blocks of the new 122,000 grt passenger cruise vessel "Celebrity Solstice" for Celebrity Cruises was laid at Meyer Werft in Papenburg, Germany. The first block of the new…

ABG Shipyard in Mumbai has launched a pollution control vessel (PCV) for the Indian Coast Guard. The shipbuilder has contracted to build three PCVs, the first of which, yard number 221 is…

Bermuda-based Golden Ocean Group Limited (GOG) has acquired four plus two optional newbuilding contracts at Pipavav Shipyard in India at a cost of $35.5 million each. The 75,000 dwt bulk carriers will…

Hyundai Mipo Dockyard has clinched six more PCTCs from a European ship owner. Total contract price is $ 327 million and the newbuildings will be delivered by November 2010.

The Greek shipping company Danaos Corporation has signed shipbuilding contracts for five 6,500 TEU vessels with Hanjin Heavy Industries & Construction Co., Ltd. These containerships are expected to be delivered to Danaos…

The Sarawak Timber Industry Development Corporation (STIDC) in Borneo hopes to obtain another 49 hectares of land to facilitate the shipbuilding industry in the new township of Tanjung Manis in Sarikei. Minister…

The U.S. Coast Guard (USCG) has canceled a $600 million contract awarded to a joint venture of Lockheed Martin Corp. and Northrop Grumman Corp., and said it plans to award a new…

THE Liberian Registry has successfully undergone a voluntary audit under the International Maritime Organisation?s recently adopted Member State Audit Scheme. Liberia, the largest flag to have thus far carried out the audit,…

Following a contract in the summer of 2006, Qatar Shipping Co. has just taken delivery of the new pilot boat 'SHAQRA'. The pilot boat is of the standard Damen Fast Crew Supplier…

COSCO Corporation (Singapore) reports that its 51%-owned subsidiary, COSCO Shipyard Group, has secured a contract from Sevan Drilling Pte Ltd, a subsidiary of Oslo-Sevan Marine ASA, to build a Sevan drilling unit,…

Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said.Marina Administrator Vicente Suazo said he…

The Chairman of state-owned National Iranian Tanker Company (NITC), a subsidiary of the National Iranian Oil Company, said that the company is planning to buy seven VLCCs to its current fleet of…

Samsung Heavy Industries has won an order for two 90,000 cbm LNG carriers from a European shipowner. Total contract price is $426 million and delivery is scheduled by May 2011.

Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a…

BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to…

The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing…

In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire…

Hyundai Mipo Dockyard has won an order for five roros at the price of W 407.9 billion from a European ship owner. They will be delivered by April 2011.