News

Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.

The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships…

The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month.…

Singapore-based CH Offshore Ltd, a subsidiary of Chuan Hup Holdings, has awarded a contract to Universal Shipbuilding Corporation (USC), in Japan, for the building of two anchor handling tug supply vessels (AHTS)…

Eagle Bulk Shipping in New York has signed contracts with IHI Marine United in Japan for the construction of two Future-56 class Supramax vessels. These 56,000 DWT vessels have a contract price…

Aker Yards has contracted with Stena Rederi in Gothenburg, Sweden, to deliver two innovative super ferries. The value of the contract is approximately $510 million. Deliveries are scheduled for the first and…

A leading lubricant production center, the largest a Japanese firm has established in China, recently began operation in Guangzhou, south China. . The $17 million Nippon Oil (Guangzhou) Lubricating Oil Co. plant…

The U.S. Navy placed a $1.4 billion order for the ?USS Arlington?, a new transport vessel to carry U.S. Marines. The ?Arlington? will be the next ship in the San Antonio-class of…

SBM Offshore in Netherland has recently signed a contract with Shell on behalf of themselves and their partners Petrobras and ONGC for the lease and operation of an FPSO for the development…

The world's largest shipbuilder Hyundai Heavy Industries in Korea has built the world's first underwater LNG tanks. Each measures 155 metres in length and weighs 4,800 tones. The order was placed last…

The Arab Shipbuilding and Repair Yard (Asry) delivered the $5 million service vessel Nakilat-VI, built for the Kuwait Oil Tankers Company (KOTC). Building the vessel was a matter of pride for Asry,…

Aker Yards has announced its new business model for its shipyards in business area Cruise & Ferries. The new business model, presented to the management and employee representatives, is the result of…

The Durban-based shipbuilder Dormac recently carried out the keel-laying ceremony for a new $8.2 million oil bunker barge commissioned by Smit Amandla Marine. Dormac's empowerment partner, Palisa Investments, owns 25.5% in the…

Rolls-Royce Group PLC is considering setting up two plants in Singapore for the manufacturing of diesel engines and fuel cells. Rolls-Royce chief executive John Rose has said "We are in discussions about…

Shipping Corporation of India (SCI) is planning to place a $502.90 million contract with Korean shipbuilding yards. Out of this, SCI has already signed contracts with South Korean yard STX Shipbuilding to…

State-owned China Ocean Shipping (COSCO), has announced plans to double its fleet of large oil tankers to meet increasing demand for crude oil imports in the Mainland. COSCO currently operates eight VLCCs…

Another 2,700 TEU container ship was launched at Nordseewerke GmbH in Emden, a company of ThyssenKrupp Marine Systems. The launch was carried out without any celebration activities. The ship with the yard…

Aker Yards has finalized the construction of the LNG tanker ?Provalys? at its facility in France, the former Chantiers de l?Atlantique. With a capacity of 154,500 cubic meters, this vessel is the…

The Vancouver-based BC Ferries has named and launched the newest addition to its fleet at a ceremony at Allied Shipbuilders in North Vancouver. The ?Kuper? is a $7 million, 32-vehicle ferry which…

COSCO signed a newbuilding contract with Fujian Mawei Shipbuilding in China for a 32000 DWT timber carrying vessel. No indication of price or delivery was given by the ship owner.

SeaDragon Offshore, a newly formed company, plans to float on the London Stock Exchange next year to raise funds for a $1.5bn drilling rig construction project. SeaDragon intends to build three semi-submersible…

Qatar Gas Transport Company (QGTC) has ordered another QMax LNG carrier which brings to 17 the number of LNG carriers that the company has ordered so far this year. The QMax vessels,…