News

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,…

The Italian company FVH, owner of one of the biggest gas ports in Europe, will become a minority shareholder in the Gda?sk shipyard. FVH will pay $6.64 million, covering what the shipyard…

The demand for ice class ships is growing. Especially tankers are being increasingly sent on transport routes in arctic and sub-arctic regions around the world. Cold and ice are a particular challenge…

Havila Shipping ASA (HAVI) has entered into a new building contract with Havyard Leirvik shipyard for 2 anchor handling tug supply vessels (AHTS). The cost for the two vessels is estimated at…

Rem Maritime in Fosnavag, Norway, has signed a contract with Simek shipyard in Flekkefjord to build two offshore vessels. The contract has a total value of $54 million. Build number 118 is…

Over 100 ships under construction with a gross tonnage (GT) of more than 2.1 million were commissioned in October with Germanischer Lloyd (GL) class. These include container ships amounting to over 1.7…

The South Korean shipbuilder Hyundai Heavy Industries (HHI) announced that its third-quarter profit rose 21% reflecting the higher newbuilding prices of oil tankers, cargo ships and LNG carriers. Net income rose to…

BC Ferries in Canada has awarded Victoria Shipyards the contract to perform major modification work on the replacement vessel for the ?Queen of the North? which sank earlier this year.In capturing the…

Hong-Kong-based bulker owner, Jinhui Shipping and Transportation Limited, has ordered two handymax bulk carriers from Japanese shipbuilder Tsuneishi Heavy Industries at a total cost of $61 million. The 58,000 DWT vessels will…

The Liberian Registry has topped the 70 million gross tons mark for the first time in more than twenty years as it continues to outpace competing registers. It is also dominating the…

Masson of France, a manufacturer of drive and reduction gear systems for workboats, has become Masson-Marine, regaining its independence, and with its directors fully back in control. For nearly a century, Masson…

The UK shipbuilder Cammell Laird has been blamed for the failure of a deal that led to the firm's collapse. The shipbuilder called in receivers in 2001 after a £50m contract to…

Hyundai Samho Heavy Industries has clinched four container ships at the price of $330 million. Ship owner is based in Asia and they will be delivered by September 2009.

The Coastal Regulatory Zone Management Authority (CRZMA) has clamped down on the controversial shipyard project at Chicalim, near Goa in India, by ordering the stoppage of work, seizure of material and issuing…

The Dung Quat Shipbuilding Industry Corporation has begun building a 104,000 dwt oil tanker named "Dung Quat 01", the largest of its kind to be built in Vietnam so far. The construction,…

AET Inc Ltd, a subsidiary of Malaysia's national shipping company MISC Berhad, has ordered four 107,500 dwt Aframax tankers from the Japanese shipbuilder Universal Shipbuilding Corp at a cost of $260 million.…

Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is Euro 8.7 million. In China, Wärtsilä will invest in the machinery and assembly…

Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the…

ABG Shipyard in India has entered into a technical collaboration with Friede & Goldman of the U.S. for manufacturing offshore oil rigs at Dahej in Gujarat. The agreement was signed in October…

Aegean Marine Petroleum in Greece signed a newbuilding contract for seven double hull bunkering tankers of 6200 dwt, with Qingdao Hyundai Shipbuilding Co. Ltd. in China. The shipyard is majority owned by…

The Italian company FVH is considering buying shares worth 5.2 million Euro in the Polish shipyard of Stocznia Gdansk and another stake will be acquired by Ukrainian Donbas.FVH operates in LNG sector…

The North of England P&I club has warned shipowners of the increasing risk of officers and crews suffering potentially fatal heat illness as global temperatures rise and ships work harder. In the…

Mumbai-based Varun Shipping said it will invest $445 million to expand its fleet of tankers, gas carriers and offshore vessels over the next 6-8 months, a senior official said.The company, which has…