News

Cosco has reported a 26% jump in its third quarter on strong contributions from its ship repair and marine engineering business. For the three months to September, it booked earnings of $46…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has taken delivery of the new 8000TEU container vessel ?Humber Bridge? at the Kure Shipyard of IHI Marine United. This is the largest containership ever built…

The Italian government is considering selling shares in Fincantieri, the country's largest shipbuilder, which may raise about 750 million euros ($951 million) as Prime Minister Romano Prodi divests government assets to cut…

Russia's state arms exporter and a French defense company signed a cooperation document during an international arms show in France. Rosoboronexport and DCN signed a letter of intent aimed at establishing and…

The Romanian shipbuilder Severnav Drobeta Turnu Severin made 840,000 Euro profit in the first nine months of the year, against about 73,000 Euro in the corresponding period of last year.However, the company's…

A shipyard which came back from the brink of death is celebrating fresh contract success. McNulty Offshore has clinched another lucrative order to help safeguard some of the 850-strong workforce at its…

A new design of expedition vessel for worldwide cruising has been created by Abeking and Rasmussen (A&R). The German yard has received an order from a private yacht owner for this new…

China's major ocean shipping business, China Shipping Group Company (CSGC), signed a contract to build four VLCCs. The four 308,000 DWT vessels will be built by China State Shipbuilding Corporation (CSSC). CSGC…

The International Bunker Industry Association (IBIA) says that moves to further tighten air emission controls on shipping through changes to IMO?s Marpol Annex VI must be based on a multiple solution approach.Speaking…

Northrop Grumman Corporation in the USA has been selected to supply simplified voyage data recorders (S-VDR) for 59 Teekay Shipping vessels. Northrop Grumman?s Sperry Marine business unit is supplying the S-VDR hardware,…

The Islamic Republic of Iran Shipping Lines (IRISL) has signed a $500 million contract with Iranian shipbuilders for 16 cargo vessels and plans to enter the LNG market. IRISL is waiting for…

Qingdao Hyundai Shipbuilding (QHS) has won an additional newbuilding contract for seven 5,500 DWT product carriers with the Greek shipping company Agean Bunkering Services Inc. Agean has already ordered 9 similar product…

Aker Yards has entered into a contract with Farstad Shipping ASA to build four AHTS vessels with a value of approx $321 million. The multifunctional deep water anchor handling tug supply service…

The first two platform supply vessels with the ULSTEIN X-bow design will be named at Ulstein Verft. The two ULSTEIN PX105 vessels were ordered by Bourbon Offshore Norway and are on long-term…

Sembawang Shipyard, a wholly-owned subsidiary of SembCorp Marine in Singapore and one of the largest integrated ship repair and conversion facilities in Southeast Asia, has secured a $19 million contract from Neptune…

Samsung Heavy Industries has clinched a $637 million drillship from a European-based owner for delivery June 2009.

Polar Tankers, Inc., a wholly owned subsidiary of ConocoPhillips, has christened the 142,000 DWT ?Polar Enterprise?, the company?s newest double-hulled crude oil tanker. Classed by ABS, Polar Enterprise is the fifth and…

Kleven Verft in Ulsteinvik, Norway, has, in cooperation with its associated company Myklebust Verft, signed contracts with Siem Offshore Inc in Kristiansand, Norway, for the building and delivery of six large and…

Be safe and save time! These are the fundamental goals of the PROTOS database by Germanischer Lloyd. Now online, PROTOS ("Provisions for Transportation of Solid Bulk Cargoes") allows shipping companies, chartering companies…

The US Coast Guard (USCG) wants to build a total of 58 FRCs (fast response cutters) which are urgently needed to replace worn-out 34 metre cutters now in service. A previous plan…

Hong Kong based Orient Overseas (International), owner of the eighth- largest Asian container shipping line, placed a $477 million order for four vessels with Samsung Heavy Industries to expand its fleet. The…

Projects implemented by the Turkish Ministry of Transport in the last four years to increase shipyard capacity and efficiency has started to bear fruit. The ministry took the shipyards? demands for growth…