News

Carnival Corp., the world's largest cruise operator, will build a new ship for its P&O Cruises brand at an estimated all-in cost of $705 million, delaying delivery of a previously announced vessel…

BG Group plc in the UK has signed an agreement with Samsung Heavy Industries of South Korea for the delivery of two new-build dual-fuel diesel electric (DFDE) LNG ships. The new ships…

Keppel Offshore & Marine Limited (Keppel O&M) completed and delivered 26 newbuilds and conversions totalling about S$2 billion ($1.3 billion), on time or ahead of time and within budget in 2006. Tong…

Daewoo Shipbuilding has delivered a 151,700 cbm LNG carrier to Teekay named Al Areesh. Ship particulars are 285.40m in length, 43.0m in breadth and 26m in depth with a draught of 11.50m…

Caspian Services Inc. in Kazakhstan has entered into a Memorandum of Understanding to establish a vessel maintenance and repair facility with joint venture partners Nico International and Kazmortransflot JSC. Nico International is…

The Belgian shipping company Cobelfret NV has declared two options for Flensburger?s ConRo 220 type. The German shipbuilder will deliver the first 14,800 DWT vessel in November 2010 with the second unit…

COSCO, China?s major shipping company, has released its first Annual Sustainable Development Report. The report, verified by DNV, covers the three critical aspects of sustainability ? economic performance, environmental protection performance and…

The idea of launching a truck ferry between Oswego and Hamilton, Ontario, is slowly coming to fruition and could materialize by 2008. "We had a meeting two weeks ago with Marine Link…

Samsung Heavy Industries in South Korea said this year?s orders for new vessels and offshore platforms may fall as much as 21% as demand weakens from a record 2006. New contracts may…

ABG Shipyard in Mumbai, India, has secured a repeat order from Gujarat Ambuja Cements (GACL) for the construction of a 4,000 DWT self-loading & unloading bulk cements carrier at a price of…

Western India Shipyard Ltd has diversified into the lucrative areas of offshore rig repairs and ship building with a view to fully utilize the facilities of its dry dock and wet repair…

Samsung Heavy Industries in South Korea will more than double purchases of steel plate from China next year because it can't get enough from suppliers in South Korea and Japan. The company…

Maersk Supply Service has confirmed that it has signed a contract for construction of four multi-purpose anchor handling tug supply vessels (AHTS) with Volkswerft in Stralsund, Germany.The four vessels will be upgraded…

Venture Production plc (Venture), the Aberdeen-based UK independent oil andgas production company, has awarded Sevan Marine ASA in Norway a contract for the provision of a second FPSO to be deployed in…

The Mumbai-based Garware Offshore Services is in talks with Norwegian shipyard Havyard Leirvik AS over a cross marketing deal involving ONGC and the Shipping Corporation of India. ONGC and SCI need about…

South Korea?s big three shipbuilders, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries plan to keep newbuilding ship prices at record highs for a third year as they…

Kleven Verft in Ulsteinvik, Norway, has signed a new contract with Siem Offshore Inc for the building of one new, sophisticated vessel. The contract has a value of $56 million. The vessel…

Iran may need to place orders for 15 to 20 LNG tankers once the South Pars LNG deal goes through, according to managing director of National Iranian Tanker Company (NITC). The purchase…

Italy?s Gruppo Beltrame, Europe?s fifth largest steelmaker, is considering plans to build its first plant outside Europe in Argentina at a cost of about $53 million to manufacture plate for the shipbuilding…

Significant new contracts are due to be announced Belfast?s Harland and Wolff (H&W) shipyard. The news came as the world?s largest car ferry arrived in the yard?s main building dock for essential…

The state of Gujarat on the west coast of India is set to become one of the world?s largest shipbuilding complexes. While players like L&T, Adani, Pipavav Shipyard and ABG Shipyard are…

Venezuela's state oil company Petroleos de Venezuela SA (PDVSA) will acquire four oil tankers from Iran, expanding its fleet with the help of a nation closely allied with President Hugo Chavez. PDVSA?s…

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine, has secured two FPSO conversion contracts worth a total of $58 million from Tanker Pacific Offshore Terminals Pte Ltd (Tanker Pacific).The first contract…