News

Canadian Shipbuilding & Engineering Ltd. (CSE) will seek government money, cut labour costs and restructure before resorting to a sales process if necessary, the monitor overseeing its bankruptcy protection said in court…

Norway's Teco Management has failed to meet the conditions for the purchase of the struggling Davie Industries shipyard in Canada and the trustees behind the facility say it will be liquidated. Thibault…

Bureau Veritas (BV) has joined forces with the growing Vietnam Register (VR)and have agreed to co-operate on the following services:classification/certification surveys of construction, transformation and major repairs of vessels and offshore structures,…

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) signed a contract with Japan's Kanematsu Corp. to build two 6,500-tonne general cargo vessels. These are the first vessels that the shipyard, a…

The Singapore shipbuilder Pan-United Marine has won two shipbuilding contracts worth $25 million from Malaysia's leading offshore fleet operator Bumi Armada Navigation. The contracts involve the construction of two maintenance work vessels…

The future of Poland?s shipyards was called into doubt yesterday in a stand-off between Brussels and Warsaw over hundreds of millions of euros of state aid. Neelie Kroes, EU competition commissioner, has…

Hanjin Heavy Industries & Construction Co in South Korea has received an order to build two 3,100 TEU container vessels from A.P. Moeller-Maersk A/S for $124 million. The ships will be delivered…

The United Arab Shipping Company (UASC) has signed a contract with South Korea's Hyundai Heavy Industries Company Limited (HHI) to build eight 6,500 TEU container ships at a cost of $835 million.…

Aker Yards ASA has signed contracts worth a combined $96 million with Island Offshore in Ulsteinvik, Norway, to deliver two new oil services vessels. The contracts are for a 78.3 metre UT…

Bibby Offshore Ltd, the Aberdeen based Subsea Contractor, part of Bibby Line Limited of Liverpool, has placed an order for a second new-build diving support vessel (DSV) to the market, following on…

Rem Maritime in Norway has ordered another UT712L anchor handling tug (AHTS) from Kleven Verft in Ulsteinvik, Norway. The vessel will be identical to two more vessels already under construction at Kleven…

Indian industrialist Pawan Ruia has stepped into the shipping sector with a proposal to set up a shipyard in a 2000-acre area at Jelingham in Haldia at a total cost of Rs…

Hamworthy has acquired Serck Como, which specialises in cruise ship desalination systems. "The acquisition complements our existing wastewater business and has excellent growth prospects both in the marine sector and ashore," said…

SK Shipping in South Korea has decided to order an 82,000 cbm LPG carrier at a contract price of $88.4 million. Shipbuilder is not decided yet.

CMA CGM has placed a new order for four 6,500TEU container ships at the price of $420 million with Hanjin Heavy Industries. Ship particulars are 300m in length, 40m in breadth and…

Eidesvik Offshore ASA has exercised its right with Westcon shipbuilder in ?lensvåg, Norway, to build its third platform supply vessel (PSV) type VS 493 LNG-AVANT. The value of the contract is approximately…

Jinling Shipyard in China seals six MR product carriers from Changjiang Shipping Group Nanjing Oil Shipping. Pacific International Line in Singapore placed an order for two 600TEU container ships with Penglai Bohai…

MSET Shipbuilding Corporation Sdn Bhd, a leading shipbuilding and repair company in Kuala Terengganu on the East coast of Peninsular Malaysia, is aiming to build larger ships measuring up to 120 metres…

South Korea's Daeju Construction Engineering, which specialises in dockyard and city developments, will invest $500 million in a shipyard project in Karimun Island, one of the islands in the Riau Islands province…

Hanjin Shipping has placed an order for five 10,000TEU containerships with Samsung Heavy Industries. The five 117,000 DWT newbuildings are scheduled for successive deployment from February of 2010 on Hanjin's trans-Pacific route.…

Kleven Verft in Ulsteinvik, Norway, has signed a contract with Siem Offshore Inc for the building of a new, sophisticated multifunctional platform supply vessel. The newbuilding is based on the new MT…

The AKER Lorient shipyard (previously Alstom Leroux Naval), in cooperation with Saint-Nazaire Marine, have finalised the installation of a FOR (fast oil recovery) passive safety system on a 310 DWT 40 metre…

The Chinese steel manufacturer, Shanghai Baosteel Group, has increased the price of its thick plate steel from $594 to $606 per tonne while galvanized sheet steel will increase 10.6% to $727. The…