News

The Danish shipping company Lauritzen Bulkers has recently added four newbuilding contracts to the four Handymaxes already on order at Hakodate Shipyard in Japan. These latest newbuildings are identical 31,900 DWT Handysize…

TOP Tankers Inc has exercised its option for two additional 50,000DWT Product / Chemical tankers. As with the previously announced four newbuildings, all the vessels will be sister ships built by SPP…

Samsung Heavy Industries and the Russian government are proposing to establish a joint venture for an ice-breaking oil tanker business.Samsung is already building three 70,000 DWT ice-breaking oil tankers for Russia's largest…

MOL in Japan placed a new order for two 116,000 DWT bulk carriers with Sanoyas Hishino Meisho shipyard for delivery in 2009 and 2010 respectively. Ship design of the bulk carriers was…

Mitsubishi Heavy Industries (MHI), Japan's largest shipbuilder, said it has received orders for 23 vessels totalling 1.48 million gross tons in 2006, up from 21 vessels weighing 1.08million gross tons a year…

Odense Steel Shipyard in Denmark has entered into a contract with the Danish Naval Material Command for 3 patrol vessels for the Danish Navy. The vessels will be delivered in the period…

Pan-United Marine Limited (PUM) in Singapore has clinched its first conversion contract for a FPSO tanker owned by the Norwegian company Norwegian Nortechs FPSO Pte Ltd (Nortechs). The contract to convert the…

An Oceanographic Patrol Vessel (OPV) designed for patrol operations in the North Atlantic was ordered by the Icelandic Coast Guard from the Chilean shipbuilder ASMAR - Shipbuilding and Ship Repair Company.This 93.65…

Guanghzou Shipyard International in China has clinched eight 39,000DWT product/chemical tankers from A.P. Moller-Maersk. The shipbuilder also signed a new order for four 39,000DWT product/chemical tankers from Torm in Denmark

Korea Line has ordered a 58,500DWT bulk carrier from a Japanese shipbuilder at a cost of $35 million. Delivery is scheduled during 2009.

Athens-based Quintana Maritime Limited has taken delivery of a Kamsarmax bulk carrier, named Pascha, from the Japanese shipbuilder Tsuneishi. Pascha has a carrying capacity of 82,300 DWT and is the tenth of…

Essar Shipping and Logistics in India said it will invest $400 million to acquire onshore and offshore oil drilling rigs. The Cyprus-registered firm has formed Essar Oilfields Services Ltd (EOSL) to focus…

The Russian government will soon adopt a strategy for the development of shipbuilding until 2020, which envisions the creation of three major shipbuilding holdings, the defense minister said Tuesday.Three shipbuilding holdings will…

A raft of new international standards for passenger ship safety was adopted when IMO's Maritime Safety Committee (MSC) met in Istanbul, Turkey, for its 82nd session from 29 November to 8 December…

Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiary in Netherlands, Keppel Verolme BV, has secured a $185 million contract to build a floating heavy lifter for the decommissioning…

Bureau Veritas has issued a bullish statement after its failed attempt to acquire Germanischer Lloyd. The shareholders of GL decided to accept the offer made by Gunther Herz in preference to the…

NMB, Bulgaria's national maritime fleet, will take out a $70 million loan from HSH Nordbank AG for the purchase of 3 new vessels, said executive director Hristo Donev. The company is trying…

Gdynia Shipyard in Poland has received $178 million in public aid, most of which will be used to cover the shipbuilders debts. The company will be privatized by the end of 2008.…

Russia will account for two percent of the world's shipbuilding market by 2020, Deputy Industry and Energy Minister Andrei Reus told a governmental commission meeting that he expects the domestic shipbuilding industry's…

The board of France?s state-owned naval shipyards DCN has approved a tie-up with defence electronics group Thales that will make it one of Europe?s three biggest shipbuilders. "This project will allow the…

Greatship (India), a wholly-owned subsidiary of Great Eastern Shipping Company (GE Shipping) is competing with Great Offshore (GOL), the demerged entity of GE Shipping, over the offshore vessels contract of Oil and…

Engineering group Babcock International has held talks about taking over the consortium that runs the UK's Devonport naval base. Babcock, which runs the Rosyth naval dockyard and the Faslane submarine base, has…