News

Mizho Bank in Japan expects that new order volume in 2007 will be 55 million GT. The bank said that Korean shipbuilders will take new orders at attractive prices because they have…

Hyundai Heavy Industries clinched four PCTCs from Eukor. The 7,900 unit car carriers will be delivered during 2010. Hyundai Samho won a new order for a 1,700TEU container ship from a French…

Shanghai-based China Shipping Development Co. Ltd. (CSD) plans to build six oil tankers worth $307.56 million for delivery in 2009 and 2010 to help expand its ocean shipping business. CSD has signed…

STX Pan Ocean has ordered three MR sized product carriers from STX Shipbuilding at the price of $130 million. The first will be delivered during this year and the other two in…

ICICI Ventures is close to picking up Rs 100 crore stake in Chennai-based mid-sized shipbuilder Tebma Shipping. Tebma, which is a Rs 300 crore company, supplies to the Navy and is the…

India's ABG Shipyard recently delivered a new AHTS vessel, the LAMNALCO MERLIN, to the UAE offshore support services company, Lamnalco Group. This 53 metre long newbuilding is the sixth vessel to be…

A mass meeting of the workforce of Ferguson shipyard at Port Glasgow in Scotland is planned following threats that two thirds of the workers could be made redundant and threatening the survival…

Aker Yards ASA has won a 4 billion nkr vessel deal from newly-formed sister company, Aker Oilfield Services (AOS). The contract involves the construction of four large well intervention/construction vessels, and includes…

Palmali Shipping of Istanbul further cemented their relations with the Russian shipbuilding group MNP when they signed a contract for the construction of ten 6,900 DWT chemical tankers at the Krasnoye Sormovo…

Aker Yards has entered into a contract with DOF ASA for building of two AHTS (anchor handling tug supply) vessels, and an option to build another two vessels. The value of the…

It was a case of out with the very old and in with the very new as FBMA Marine Inc, the Aboitiz Corp owned shipbuilders based in Cebu, Philippines, recently signed a…

The Danish delegation that is currently in Vietnam, witnessed the signing of a memorandum of understanding aimed at concluding a licence agreement between Vinashin and MANB&W for the production of 4-stroke engines…

Western Australia-based Austal Ships has finalized a contract to buy the Margate, Tasmania, shipyard facilities of North West Bay Ships from John Fuglsang Developments Pty. Ltd. and related parties. According to a…

Lifeboat and davit manufacturer Schat-Harding and other leading manufacturers say that Germanischer Lloyd is showing its IACS colleagues a sensible lead in the way it will apply the service provisions set out…

Aker, Aker Kv?rner, and Aker Yards have joined forces to establish the company Aker Innovation. By exploiting the industrial and financial expertise of its three owners, Aker Innovation will identify new industrial…

The French offshore shipping company Bourbon is expanding its fleet with next generation, innovative and high productivity vessels to assist its oil industry clients worldwide in developing their continental and deepwater offshore…

Austal has received a multiple ferry order from Venetian Marketing Services Limited (VMSL) for ten 48 metre passenger catamaran ferriesAdding to its fleet of 36 vessels delivered to China / Hong Kong…

Fincantieri?s Marghera shipyard has delivered its latest cruise ship, Carnival Freedom, ordered by Carnival Group for the brand Carnival Cruise Lines.Carnival Freedom is the fifth sister ship of the ?Carnival Conquest? evolved…

HHI?s Engine & Machinery Division has maintained its steady annual growth sine starting up the production of medium-speed (4-stroke) diesel engines in 1990. The company has rapidly increased its capacity since 2000,…

A delegation of shipbuilders from Denmark is currently in Vietnam to discuss investment in that country.Two conferences on shipbuilding technology will be organized in Hanoi and Ho Chi Minh City. A Vietnam-Denmark…

Austal and New World First Ferry Services (Macau) Limited (First Ferry (Macau)) have announced the order of two new high-speed catamarans for operation between Macau and Tsim Sha Tsui, Hong Kong.With five…

The Myklebust Verft shipyard in Gurske, Norway, has signed a contract with Aries Offshore Services (formerly S. Ugelstad Rederi AS) in Ålesund for the building of one platform supply vessel.The PSV type…