News

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…

The two world?s leading European marine engine manufacturer companies, MAN Diesel and Wärtsilä Corporation have agreed to set up a large-scale cooperative research project codenamed HERCULES-B. This large innovative research and development…

Tsuji Heavy Industries of Japan and Clipper Group of Bahamas have signed a contract for the construction of another 12 newbuildings of the 30,000 dwt 'Trader' type, being double-hull, handysize bulk carriers.…

Aker Yards has won a contract with the Stolt-Nielsen Transportation Group (STNG) in Rotterdam, Netherlands, to deliver four innovative parcel tankers with stainless steel cargo tanks. The contract represents an important strategic…

Nautilus Minerals Inc in Vancouver, Canada, has entered in to a Heads of Agreement with Belgium based Jan De Nul (JdN), one of the world's leading international dredging companies. Under the agreement,…

The Dutch company SBM Offshore has received three letters of intent from Brazilian drilling contractors for the supply of DP semi-submersible drilling units. These loi's were issued in the context of ongoing…

Novoship in Russia placed new order for four 112,000 dwt Aframax product tankers with Hyundai Heavy Industries. Delivery is slated for 2009.

Hanjin Heavy Industries and Construction Co. of Korea will expand its shipbuilding facility at Subic Bay Freeport by at least 100 hectares to house a training center and water treatment substation and…

Incat?s in Tasmania has delivered a new 98 metre Wave Piercing Catamaran to one of Spain?s largest shipping companies, Acciona Trasmediterr?nea (AT). Milenium Tres is the sixth Incat high speed catamaran to…

The Norwegian businessman who wants to save the bankrupt Davie shipyard says the deal is back on. If the $30 million deal is concluded, the Canadian shipyard will re-open for business before…

The Domecq Garc?a shipyard in Buenos Aires, Argentina, is slowly coming to life again after having been closed down in the 1990s. This specialized shipyard, set up in the 1970s to maintain…

The Indian shipping industry will need to send 56% of its merchant fleet to the scrapyard in the next five years according to the Indian National Shipowners? Association (INSA) and, as a…

Daewoo Shipbuilding clinched a 171,800 cbm LNG carrier from TMT Co in Taiwan with delivery of August 2010 and two 83,000 cbm LPG carriers from Brave Maritime Corporation with delivery of January…

The Greek shipping company DryShips has signed contracts to build two Panamax bulk carriers at a Chinese shipyard at a cost of $33.25 million each.

Saipem of Italy has been awarded a contract for the provision and management of an FPSO vessel by the Angolan oil company Sonangol P&P. The vessel will be used for the development…

IHC Holland Merwede has decided to commission a fourth slipway in the Netherlands, namely the former van der Giessen-de Noord slipway in Krimpen aan den IJssel, claimed to be Europe?s largest covered…

The US offshore drilling company, Dallas-based Ensco International Inc., has signed a contract worth approximately $385 million with the Keppel FELS Ltd. Shipyard in Singapore to construct an ultra-deepwater semi-submersible rig. Delivery…

Aker Drilling has decided not to exercise options that expired on 30 September this year, for delivery of another two semi submersible drilling rigs from Aker Kvaerner. Construction of the company's first…

The European Union (EU) Member States' ministers responsible for competition unanimously agreed to follow the European Commission's (EC) advice and repeal Regulation 4056/86. This Regulation, which has been in force since the…

The Singapore shipbuilder ASL Shipyard has secured new shipbuilding contracts worth a total of $32.5 million for the construction of five vessels for a customer in Europe fordeployment in the Middle East…

The production of Viking XPRS, a new type of fast car passenger ferry, was started in Aker Yards, Turku on 3 October with the cutting of the first plate for newbuilding No.…

DEME?s latest trailing suction hopper dredger was christened in the port of Zwijndrecht, Belgium. Named ?Marieke?, the newbuilding was delivered by IHC Holland Dredgers BV on 28 July. The 5,600 m³ Marieke…

The University of New Orleans (UNO) received a $3.6 million grant from the Defence Advanced Research Projects agency to develop automated tools for programming robots to weld ship components. The grant is…