News

Frontline has declared an option with COSCO Shipyard, China, to convert ?Front Target? to a heavy-lift vessel. The conversion will begin in May 2007, and completion is expected in August 2007. By…

South Korea's Hanjin Heavy Industries has secured a $260 million order from Emarat Maritime in the UAE for four 114,000DWT tankers. These 250m long crude oil carriers will be delivered by the…

Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine in Singapore, has signed a contract with Noble Drilling Holding LLC of the US, to construct, convert and outfit a new ultra-deepwater dynamically positioned…

Emden based shipbuilder Nordseewerke, a company of ThyssenKrupp Marine Systems, has won the contract to build two revenue cutters for the Procurement Agency of the German Federal Customs Administration. The first vessel…

The Genoa-based cruise operator Costa Crociere has confirmed an option with Fincantieri for a 92,700 gt cruiseship for delivery in March 2010. This newbuilding will be the second of two sister ships…

The second ocean-going ropax ship was launched at the Baltic Shipyard JSC and delivered to Stena. Named "Stena Transformer", this is the second in a two-ship series with the lead-ship "Stena Trader"…

Shanghai Waigaoqiao Shipbuilding in China recently launched a 300,000 DWT FPSO capable of loading or off-loading 190,000 barrels of crude oil a day. It was designed and built by the Shanghai based…

Malta?s yacht and "private pleasure craft" owners, as well as the lucrative bunkering and ship repair industries, will see the price of fuel shoot up by at least 25% on 1 January…

Bureau Veritas (BV) is preparing an improved offer for presentation later this week to the shareholders of Germanischer Lloyd (GL), as it pushes ahead with its plan to combine the strengths of…

The option for a second Littoral Combat Ship (LCS) has now been confirmed following the announcement in October 2005 for the first General Dynamics / Austal LCS. Based on the 127 metre…

The first of two Auto Express 88 fast car ferries ?Osman Gazi? was launched at the Austal shipyard. The 88 metre aluminium catamaran is the ninth fast ferry Austal has built for…

Hanjin Heavy Industries, South Korea's seventh-largest shipyard, has secured a $260.2 million order to build four crude carriers for a Middle East-based shipper. The order calls for Hanjin to deliver the tankers…

Kleven Verft in Ulsteinvik, Norway, has signed a contract with Troms Offshore in Troms?, Norway for the building of a new, sophisticated offshore vessel. The vessel is a Multifunctional Platform Supply Vessel…

Fosnavag-based Rem Offshore in Norway has placed a contract with Kleven Verft in Ulsteinvik for the construction of an offshore supply vessel. The vessel is a Multi Purpose Support Vessel (MPSV) of…

One of Sarawak's most prominent shipyards, Yong Choo Kui (YCK) Shipyard is now ready to take more specialised orders from the oil and gas industry from around the world. Executive director Daniel…

Australia's warships should be built locally even if it costs more, a Senate committee has recommended. In its report on Australia's naval shipbuilding sector, the Senate foreign affairs defence and trade committee…

Bergesen dy ASA, one of the largest shipping companies in the world, has chosen UK engineering company Peter Brotherhood to supply two steam turbine driven alternator sets for a floating production, storage…

Hyundai Samho Heavy Industries has clinched four tankers and two VLCCs at the value of $586 million. Four tankers are ordered from a ship owner in Latin America with delivery of July…

Lamprell Shipyard in Port Khalid, UAE, has been awarded a $5.1 million fabrication contract by Aker Floating Production (Aker FP) to build the topside modules for the Smart 1 FPSO vessel, to…

Bermuda-based Golden Ocean Group Limited has ordered four Capesize 170,000DWT bulk carriers from Daehan Shipbuilding in South Korea at a cost of $72.25 million each. The newbuildings will be delivered between May…

The Middle East will require 130 floating production systems over the next five years spurring huge growth in regional shipyards and offshore repair facilities, according to a leading industry expert. Addressing the…

The European Commission has approved under EC Treaty state aid rules regional investment aid of ?4.2 million to the German shipyard Volkswerft Stralsund. After an in-depth investigation initiated in February 2006, the…