News

The Washington State Ferries (WSF) is building four new ferries to replace older vessels that are being retired. Some are nearly 80 years old. The newbuildings will carry 144 cars, and will…

Aker Yards has today finalized the transaction with Kleven Maritime to acquire Kleven Flor? AS and Kleven Design AS. The previously announced joint venture with Damen Shipyard Group in Ukraine creates an…

The Chinese COSCO Shipyard Group, a company engaged in ship repair and conversion, has secured its first Floating Storage and Offloading Unit (FSO) new building and conversion contracts. The three contracts, which…

Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel FELS Limited (Keppel FELS), has secured a groundbreaking contract to design and build its first drilling rig for deployment in Brazilian waters. The…

Shanghai Chengxi Shipyard in China clinched two 3,500TEU container ships from NV in Germany for delivery during 2009.

Admiralty Shipyards, a St. Petersburg-based company, has started the second round of sea trials of a new diesel-electric submarine. The ?St. Petersburg?, a Project 677 or Lada-class diesel submarine, was designed by…

South Korea?s steel manufacturer, Posco, the world's fourth-biggest steelmaker, said it's interested in acquiring Daewoo Shipbuilding & Marine Engineering (DSME). "We are looking with interest on a takeover but nothing has been…

The Hamburg based shipping company E.R. Schiffahrt has put another container ship into service. The "E.R. Toronto" is a super-post-Panamax newbuilding with a container capacity of 8,204 teu. This is part of…

Aker Yards and Damen Shipyards Group have finalized the process of establishing joint ownership of the Damen Shipyards Okean in Ukraine, as announced on June 2 2006. The plans involve increasing the…

Singapore?s Ezra Holdings Limited said its wholly-owned subsidiary, Lewek Shipping Pte Ltd, has awarded a contract to Labroy Shipbuilding Offshore Ltd for the building of a 92.3 metre accommodation work and crane…

Jiangsu Shipbuilding clinched four 4,250TEU container ships from Schlueter at a price per unit of around $59 million. They will be delivered during 2009.Oltmann in Germany placed an order for four 4,250TEU…

The Greek shipping company Eletson has signed a newbuilding contract with Hyundai Mipo Dockyard in South Korea for the construction of four 52,000 dwt hi-spec medium range product tankers. The vessels are…

SembCorp Marine in Singapore has reported a 69% year-on-year increase in its first half profit to over $62 million. For the second quarter alone, its net profit rose 66% to nearly $37…

Cosco Shipyard Group (CSG), China?s largest shipyard company, is expanding three of its seven shipyards at a cost of $113 million in order to boost its capacity in China. The expansion of…

Quintana Maritime Limited based in Greece took delivery of its first Kamsarmax bulk carrier ?Iron Vassilis? from the Japanese shipbuilder Tsuneishi. The 82,257 dwt newbuilding is on charter to Bunge S.A., a…

Venezuela's state-owned Petroleos de Venezuela (PDVSA) has signed a letter of intent with Brazilian construction company Andrade Gutierrez to build a shipyard in Venezuela in order to strengthen the maritime transportation system.…

ShipConstructor Software Inc. (SSI), developer of the leading AutoCAD-based 3D product modeling and production planning software suite ShipConstructor, has released their latest software version ?ShipConstructor 2006?. Their ?Database Driven Relational Object Model?…

Hellespont Hammonia, a joint venture between the Piraeus-based Hellespont Group and the Hamburg shipowner Peter Doehle Schiffahrts KG, has completed the naming of the Hellespont Pride, one of six tankers under construction…

Venezuelan state oil holding Pdvsa on Wednesday informed that Argentine shipyard R?o Santiago (ARS) started, together with Pdvsa marine affiliate PDV Marina and Venezuelan Dikes and Shipyards (Dianca), the construction of the…

Spanish shipbuilder Construcciones Navales del Norte (CNN), the successful bidder for the assets of Sestao's La Naval shipyard in Bilbao, forecasts earnings of 200 million euros a year over the next five…