News

Western Australian shipbuilder Austal plans to increase significantly the capacity of its US manufacturing plant as the company ramps up its operation to meet forecast demand from the US defence sector. Austal…

The Polish classification society Polski Rejestr Statków (PRS) has been granted European Community limited recognition, following the publication of European Commission (EC) Decision 2006/660/EC on 29 September 2006. Limited recognition applies to…

Bohai Shipbuilding in China clinched order for four product carriers from Nanjing Oil Tankers. The order consists of two 46,000DWT and two 49,000DWT product carriers and deliveries are scheduled between from June…

The departmental council of Morbihan (Brittany, France) has confirmed the option to build a second Ropax vessel at Aker Yards, Lorient, a shipyard located in Lanester, Morbihan. It is a sister ship…

Keppel Offshore & Marine Limited (Keppel O&M) has secured contracts worth a total of $132 million to carry out the conversion of two floating production storage and offloading (FPSO) facilities and the…

Two shipyards of international standards are being planned in India and, when completed, they will have the capability to build vessels in excess of 300,000 dwt. At a cost of $656 million…

Daewoo Shipbuilding has announced its ?2011 Medium Term Strategy? which aims to earn $15.6 billion in turnover by 2011. To achieve the goal, DSME will build 75 commercial ships from shipyards in…

The Gdansk shipyard in Poland wants to acquire part of the assets of its former owner to compensate its debts. This, however, may deter potential investors for Stocznia Gdynia shipyard. The first…

With oil exploration and production on the increase, Indian shipbuilder ABG Shipyard is planning to foray into offshore jack-up rig manufacturing. The company is setting up a facility for the production of…

The state-owned Shipping Corporation of India (SCI) will seal a deal later this month to r acquire six ships at an estimated total cost of over $1 billion. Sources close to development…

China State Shipbuilding Corporation (CSSC) and the government of the Fengxian District of the Municipality of Shanghai have signed an outline agreement to establish the country?s largest yacht building facility, in the…

Japanese multimodal shipping company Mitsui O.S.K. Lines has planned major investment in Vietnam?s port and shipping industry with the focus on major services such as port logistics, shipping, marine human resource training…

Intertanko, the association of independent tanker owners and operators ofoil and chemical tankers, is planning to propose that the world's shippingindustry switch from residual fuel to distillate fuel to further reduceseaborne air…

Amendments to MARPOL Annex II and the International Bulk Chemicals (IBC) Code1 come into force on 1 January 2007. The requirements are applicable, to varying extents, to all new and existing ships…

Keppel Kazakhstan LLP (Keppel Kazakhstan), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has launched the transportation barge AKKU1, built for Agip Kazakhstan North Caspian Operating…

Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tonnes. According to the report, each tanker will cost between $120 million…

National Iranian Tanker Company (NITC) has ordered six oil tankers for carrying oil from Caspian Sea littoral states to the northern port of Neka, announced head of the company. Three of the…

The US-based Residential Cruise Line Ltd. (RCL), the parent company of the Magellan, the world's largest private residential cruise ship, will be expanding the proposed new vessel by adding twelve additional residences…

Indonesia's shipping industry needs $1.25 billion in investment to produce a fleet of coal carriers to meet the government's crash program in the power supply sector to build new coal fired power…

If they are granted planning permission, bosses at A&P Tyne at Hebburn hope to win contracts to dismantle ex-Royal Navy vessels. They claim the move into the ship breaking business would safeguard…

MAN Diesel SE, Augsburg, has taken over from MTU Friedrichshafen GmbH the remaining 33.4% share of the French Diesel engine manufacturer S.E.M.T. Pielstick S.A., headquartered in Villepinte near Paris. The acquisition and…

The Sabah-based shipbuilder Coastal Contracts, sees bright prospects for its business driven by growing demand for its offshore support vessels amidst a favourable global macroeconomic environment. Executive chairman Ng Chin Heng said…