News

Pakistan is eager to co-operate with Turkey in the area of shipbuilding and, in particular, the building of four corvettes for the Pakistani navy. Informed sources say that Turkey is expected to…

NGV Tech Sdn Bhd, a Malaysian shipbuilder specialising in aluminium-hulled fast patrol boats, plans to double its present production capacity to 20 units from its present 10 to 12 units. Managing director…

The Singapore-based shipbuilder, Pan-United Marine (PUM), said it expects to increase revenue and improve its operating margin in 2007 thanks to higher-value orders and a 50% jump in vessel deliveries.The company's two…

Mike Turner, chief executive of the UK?s defence company BAE, recently said that the firm was "looking very hard" at acquiring the Devonport-based naval support firm DML as part of its plans…

Hyundai Heavy Industry?s (HHI) Engine & Machinery Division recently successfully completed operational tests for a side thruster with a capacity of 2,000kW. The side thruster will be installed in a 145,000m3 LNG…

South Korea?s POSCO Group has expressed interest in Daewoo Shipbuilding & Marine Engineering (DSME), which is slated to go on sale around September. The world's second-largest shipbuilder is regarded as an attractive…

Daewoo Shipbuilding has won a new order of a semi-submersible drilling rig from Odfjell Invest at a cost of $430 million. The new order also attaches one more option and delivery is…

Knutsen OAS Shipping in Norway has been awarded a long-term time charter with the Spanish energy company Repsol for two LNG new buildings. The two vessels will be delivered from Daewoo Shipbuilding…

DNV and Vietnam Register (VR) have recently signed a corporate agreement to strengthen both positions in the growing Vietnam market. The agreement outlines a co-operation in training and work sharing for single…

Korea's shipbuilding industry, ranked top in the world, was overtaken by China's in terms of order volume last January for the first time ever. According to Thursday's report from Clarkson, a market…

Those who take their megayachts to Monaco this summer will have a new place to go if repairs are required. La Ciotat, the new shipyard from Monaco Marine and Semidep is possibly…

The small but successful Disney Cruise Line has ordered two large cruise ships in a move that will more than double its passenger capacity. Disney CEO Bob Iger says the company has…

When Davie shipyard located in Levis, Canada, went into receivership this time last year, the outlook for the old yard was bleak. However, the new Norwegian owner, Teco Management AC, a company…

Hyundai Mipo Dockyard in South Korea won an order for four product carriers from a European ship owner for delivery by July 2010. The total contract price is $190 million.

Penang Shipbuilding and Construction Sdn Bhd (PSC), a wholly-owned subsidiary of the PSC Industries Bhd (PSCI) in Malaysia, has secured a contract to build three chemical tankers valued at $42 million for…

Dubai Dry Docks recently inaugurated the new extension to its ship repair and shipbuilding facilities. The new extension - the fifth dock - is to be added to the four existing dry…

Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing licence agreement for the manufacture and sale of…

Honolulu-based naval architect Navatek has landed a $2 million contract from the US Navy to design a prototype ship to deliver heavy equipment onto beaches. Navatek's T-Craft design uses an amphibious transporter…

With demand soaring and the waiting period for ships extending beyond three years anywhere in the world, engineering major Larsen & Toubro (L&T) plans to make an initial investment of $230 million…

The first of two coastal protection vessels has been delivered to Spain?s Maritime Safety Authority SASEMAR. The main role for 220-ton bollard pull ?Don Inda? is emergency towing of a tanker, for…

Russia failed to report sea trials of its latest nuclear icebreaker in the Gulf of Finland in contravention of a bilateral agreement requiring advance notification. The Russian shipyard Baltiisky Zavod, based in…