News

Siem Offshore in Norway is ordering two oil spill recovery vessels (OSRV) on the back of a lucrative eight year contract with Petrobras. The two ORSVs, to be operated by SIEM Consub,…

Brazilian mining giant Vale SA has given domestic shipbuilders the opportunity to build four 400,000 dwt bulk carriers. The company had been under pressure from the government to make investment in domestic…

Hyundai Heavy Industries recently held a launching ceremony for a 3,000 ton class patrol vessel named 'Taepyungyang 9' which is scheduled for completion in February 2010 .The vessel is 112.7m long and…

South Korea?s Samho Shipbuilding has reportedly received a contract to build six 32,000 dwt bulk carriers from Piraeus-based Capital Ship Management. Deliveries are scheduled between 2010 and 2011. The Greek shipowner has…

The Privatisation Unit in Malta is expected to announce preferred bidders for Malta Super Yacht Services and for the shiprepair arm in the very near future, Finance Minister Tonio Fenech said. MSYS…

South Korea's Doosan Engine has developed a ship-engine main bearing's abrasion measurement system and an advanced real-time measurement system of the condition of lubricating oil. Doosan initially developed the measuring systems for…

Odense Steel Shipyard Ltd. A/S (Lind? Shipyard) has entered into an agreement on the sale of Loksa Laevatehase AS (Loksa Shipyard) to a consortium consisting of AS Frelok, Crown Solution OÜ and…

Brazil's EBX mining, energy and engineering conglomerate will invest up to $1 billion in a shipbuilding venture designed to meet needs of the nation's burgeoning offshore oil drilling industry.EBX has partnered with…

Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years . SHI was among the shipbuilders who submitted tenders in connection with a project by India's Reliance Group…

Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently…

Korea's top spot in the shipbuilding industry for the last 10 years is now under threat and faces strong challenges from China.Since first reaching the 10 million-ton mark in orders in 2000,…

Shanghai Shipyard has reportedly won a $250m contract from state-owned Cuban company Acemex to build ten handysize vessels. Each 35,000 dwt vessel will cost $24m-$25m.

According to a study by Clarkson Research Services, global new shipbuilding orders in August have hit a new monthly record for 2009. The study claims that orders in the first three weeks…

Yellowfin, a unique marine propulsion technology business, has gone into administration and is being marketed for sale by leading asset consultancy Edward Symmons on behalf of Administrators, RSM Bentley Jennison & Co…

The joint industry project FellowSHIP today passed an important milestone with the installation of a full scale fuel cell on board the Eidesvik owned offshore supply vessel Viking Lady. This will be…

Caterpillar has announced the development of a new line of diesel engines at a gathering of financial analysts in Peoria, USA. The first models of the new C145 engine line will complement…

DK Group, a marine carbon emissions specialist company, has asked for clarity in the debate on the true costs of CO2 reduction. The company believes that the continued focus on the initial…

A tour of shipbuilders keen to build the LNG carriers required for Russia's massive Shtokman project has been abandoned midway through. Factional infighting was blamed for the abrupt end to visits to…