News

The European Commission said it has extended its state aid rules for shipbuilding until the end of 2008. Current measures expire at the end of this year and the EU Competition Commissioner,…

The Indiana-based engine manufacturer, Cummins Inc., has entered into a 50/50 joint venture with Beiqi Foton Motor Co. in China to set up the Beijing Foton Cummins Engine Co. Ltd. (BFCEC). The…

Engineering services such as hydrodynamics, strength and fatigue, vibration, acoustics and experimental investigation will be presented by Germanischer Lloyd Academy at the Shiport China trade show in Dalian this week. In addition,…

Daewoo Shipbuilding has added a second giant goliath crane, with a maximum capacity of 900 tonnes, a hoisting height of 72m and a rail span of 148m. With this newly-erected crane the…

The world?s largest newbuilding car carrier measured in car capacity is at present being built in Croatia to DNV class. The vessel will have a capacity of 7,000 vehicles and will be…

Bj?rn K. Haugland has no doubts about his objectives for DNV in China. "My mission is to give our customers first-class support and through that expand DNV?s business in this growing market.…

Italian shipper, Pietro Barbaro, intends to construct a fleet of 12 crude tankers and carry nearly 1 million tons of crude and petroleum by river from 2009. The market analysts say Pietro…

R&R Marine Fabrication and Drydock ("R&R Marine") in Port Arthur, Texas, has signed an agreement with Pelican Offshore Services Company, Inc. ("Pelican Offshore") of Galveston, Texas to build four lightering support vessels…

Fincantieri has gained an order from Hartmann Logistik GmbH to build two multipurpose Anchor Handling, Tug & Supply Vessels (AHTS) with delivery scheduled for December 2008 and February 2009. The contract includes…

Wightlink has placed a contract for two new Yarmouth to Lymington ferries with a Croatian shipyard. The ferries, set to cost about $19 million, are due on the route before the summer…

The Pakistan National Shipping Corporation (PNSC) has finalised a $135 million financing deal with ABN-Amro Bank for acquisition of three vessels. These new vessels include two Aframax class double-hull oil tankers and…

Nokbong Shipbuilding in South Korea clinched two 12,000DWT chemical tankers from Heung-A Shipping for delivery during second half of 2008. Total contract price is $61 million.

Seabourn Cruise Line has placed an order to build two new, ultra luxury ships, for delivery in spring 2009 and 2010. Seabourn, a division of Miami-based Carnival Corporation, has signed a letter…

Faced with fierce competition from shipbuilders in Korea, Japan and China, Europe has responded by focusing on technological supremacy and is third in terms of tonnage built and first in terms of…

Having completed extensive tests and engine trials, the 93,500 gt cruise ship Norwegian Pearl was floated out of the covered building dock of Meyer Werft and berthed at the yard?s outfitting pier…

GulfMark Offshore, Inc. in Houston, Texas, has received delivery of the newbuilding Sea Sovereign built by Jaya Shipbuilding and Engineering PTE LTD at their Batam, Indonesia yard near Singapore. The newbuilding is…

STX Shipbuilding in South Korea delivered a new product tanker to Sovcomflot JS?. Named ?SKF Neva?, this is the first product tanker of the series and the 46,520 tonne vessel is 183…

International shipbroker and consultant Galbraith's Ltd says that demand for Suezmax tankers is expected to grow strongly in the next five years in line with large-scale expansion of crude oil exports in…

Plans for two Clyde-built Type 45 destroyers could be scrapped by the UK?s Ministry of Defence as part of a long-term £12bn budget cut demanded by the Treasury ahead of next year's…

The Davie Industries shipyard in Lévis, Quebec in Canada, has avoided liquidation and finally found a buyer. Teco Management of Norway will invest $13 million to buy the facility, while the Quebec…

Wärtsilä has signed an agreement to acquire the entire business of the Swedish company Stockholms Fartygsreparationer AB. The agreement is worth 7.5 million Swedish krona (EUR 0.8 million). Stockholms Fartygsreparationer handles all…