News

The Finland-based AC drives manufacturer Vacon strengthened its global presence by opening a subsidiary in Australia. With the head office in Melbourne, and sales offices in Perth and Brisbane, Vacon Pacific will…

Following the launch in December of ?Osman Gazi-1?, the first of two Austal built Auto Express 88 fast car ferries for the Istanbul Metropolitan Municipality, an inaugural voyage for representatives of the…

Germany's defence minister said recently he was optimistic a dispute between Greece's military and a German shipyard would be resolved, allowing an order for submarines to proceed.Greece last year delayed receipt of…

Even though the Turkish ship industry has increased the number of its shipyards by 62%, it transferred 7.5 million DWT of orders to the Far East as all sites are full until…

The European Union imposed five-year tariffs on a welding product from China to shield Austria?s Plansee Metall GmbH from cheaper imports.The duties of as much as 63.5% on tungsten electrodes, used for…

The Brisbane shipbuilder behind the original CityCats is constructing six ferries to operate on the Thames after striking a deal worth more than $20 million. The 38m catamaran ferries, being built by…

Russia?s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg.The decision to create a…

COSCO Shipyard Group in China and Norway-based Maracc signed a contract for the building of GM 4000 semi-submersible unit. The contract, with a total value of $195 million, has fixed a completion…

During the "Seatrade Cruise Shipping Convention"in Miami, Fincantieri announced it has reached agreements with Oceania Cruises and Silversea Cruises to build 5 ships (of which 2 options). The agreement with Oceania, a…

China Ocean Shipping (Group) Co (COSCO) plans to raise its crude oil carrying capacity to 8 million deadweight tonnes by 2010, up from 4.5 million dwt currently, said company vice president Zhang…

Thailand shipping company Jutha Maritime is set to return to Higaki Shipbuilding, Imabari, Japan for another multi-purpose cargo vessel. Currently the firm owns seven vessels, two of which, JUTHA VASANA and JUTHA…

Samsung Heavy Industries in South Korea has secured an order for a drillship from a Europe ship owner. Contract price is $617 million and delivery is scheduled for June 2010.

Having built a reputation for building fishing vessels, the Thai shipbuilder Mahachai Dockyard is preparing to build two dredgers. A smaller bucket dredge for a private Thai customer will be similar to…

Ferguson's yard in Port Glasgow, which earlier this week announced it was making 99 workers redundant, was thrown a lifeline when it was learned that bidding was to be opened within three…

KY Heavy Industries in South Korea announces that it clinched orders for five chemical tankers plus five options from OSK (H.K) Ltd for delivery from May 2008 to 2009. In addition, the…

The floating offshore production platform ?Sevan Hummingbird? recently left Yantai Raffles Shipyard in China onboard the semi submersible heavy lift vessel heading for the Keppel Verolme Shipyard in Rotterdam where the installation…

The MacGregor Group, part of the Cargotec Corporation, has announced a new joint venture production partnership with Vietnam Shipbuilding Industry Group (Vinashin). The joint venture has been established as part of Vinashin's…

Danaos Corporation has signed shipbuilding contracts for four 6,800 TEU container ships with China Shipbuilding Trading Company, Limited. The vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Company Limited…

Seacor Marine, the subsidiary of SEACOR Holdings, has taken delivery of its latest vessel, the crewboat John G McCall. Built by Gulf Craft Shipyard in Patterson, Louisiana, the 190ft John G McCall…

Fincantieri?s shipyard in Muggiano-La Spezia recently held a keel laying ceremony for the company?s first mega yacht which was ordered by Nicholas Baker in May last year. When delivered in 2010, this…

Colombo Dockyard (CDL) is reporting a full order book until 2008 for new ships, after building seven fast patrol boats for the Sri Lankan Navy and two tugs for Saudi Arabia which…

It now looks certain, following meetings held on Monday at the Clyde shipyard of Ferguson Shipbuilders, that the vast majority of the workers employed there are to lose their jobs. Out of…