News

Geo ASA?s subsidiary Geo Subsea Pte Ltd in Singapore has signed a contract with Wavefield Inseis AS for the ?Geomaster?. The contract commences November 2006 and will have a duration of seven…

Aker Yards has signed a contract with Island Offshore in Ulsteinvik, Norway, to deliver a 4,000 dwt UT 776 CD Platform supply vessel. The total value of the contract is approximately $48.7…

The North Carolina-based EnSolve Biosystems has been awarded a contract from the U.S. Maritime Administration (MARAD) to supply a PetroLiminator Oil Water Separator for treating bilge water from its fleet service craft…

Shipyards of South Korea are set to make all-out efforts to develop offshore facilities in a bid to stay ahead of the field despite hot pursuit from rivals in Japan and China,…

VT Halter Marine landed $500 million in sales of new ships in September and, just as the Island Home ferry is nearly ready to head for its homeport in New England, another…

Astilleros y Servicios Navales S.A. (ASENAV) shipyard at Valdivia in the South of Chile has launched a small cruise ship destined for Chile?s Patagonia area. Named ?Atmosphere?, the new 45m long by…

Chinese yards are going through an unprecedented growth in activity in offshore construction. ABS China Country Manager Wing Kee Ho reports that with the demand for deepwater ships and rigs, the Chinese…

Shipping Corporation of India (SCI) has placed orders for 2 cellular container vessels of 4,400 TEU capacity at Hyundai Samho Heavy Industries, Korea. The public sector shipping major is also planning to…

INP Heavy Industries in South Korea will construct an outfitting plant in Samjeock city, Gangwondo, South Korea, to meet the huge increase in its newbuilding order book. The shipbuilder said that it…

Austal has issued a press release in response to a study commissioned by the UK's Maritime Coastguard Agency (MCA) in early 2003 which has subsequently been selectively quoted without full consideration of…

The naming ceremony was held for the first product tanker in American Shipping Corporation?s 10 ship series. Aker Philadelphia Shipyard achieved another significant milestone in the build program with keel laying for…

Germany-based Peter Dohle group, one of the world's largest privately held shipowners, is the latest business group to be attracted to India's booming economy and its potential. The group owns about 100…

Scientists at the University of California-Santa Barbara have developed a new technology for cleaning oil spills on oceans, lakes and other waterways. They have constructed and successfully field tested an improved version…

Soaring repair bills and more frequent service interruptions can be expected with Marine Atlantic?s ageing fleet of ferries, the union representing navigators, engineers, electricians and radar technicians aboard the vessels warned. Owned…

Bureau Veritas (BV) has announced it intends to combine its strengths with those of Germanischer Lloyd (GL) and has made an offer to all GL?s shareholders to acquire their shares. Once completed,…

Daesun Shipbuilding has clinched four product/chemical tankers at the price of $102 million from a European-based shipowner. The four will be delivered by June 2010.

US oil major Chevon confirms that two Nigerian shipyards have completed key components of the of $1 billion FPSO vessel for the Agbami deep offshore oil field, which is on track to…

JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding…

The Royal Navy unveiled its latest amphibious Landing Ship Dock (Auxiliary), the Royal Fleet Auxiliary ?Largs Bay?, which is undergoing sea trails prior to entering service later this year. This state-of-the-art 16,000…

North Sea divers have scuppered the planned departure of a recently completed FPSO conversion at a South Tyneside yard. ?Global Producer III? was due to leave McNulty Offshore in South Shields yesterday…

China State Shipbuilding Corp (CSSC) will take direct control of Shanghai-listed Hudong Heavy Machinery before its planned $800 million IPO on the Hong Kong Stock Exchange next year, according to local reports.Hudong…

China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire…

Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three…