News

Hyundai Mipo Dockyard in South Korea clinches four 52,000DWT product carriers from Greek owner Eletson. Total contract price is $184 million and all will be delivered by April 2010.

Jessop & Co, part of the Ruia Group in India, is planning to acquire about 1,500 acres in Haldia, West Bengal, to set up a dry dock for a ship-building and repairing…

Acquisition plans for the U.S. Navy?s Littoral Combat Ship (LCS) program could fall one year and two ships behind if the Senate Appropriations Committee?s recommendations are passed by the full Congress.The committee…

Canadian Shipbuilding & Engineering Ltd. (CSE) has suspended its shipbuilding operations after announcing plans to restructure under the Bankruptcy and Insolvency Act. CSE operates Port Weller Dry Docks and Canal Marine in…

Argentine?s R?o Santiago shipyard in Ensenada, Buenos Aires, has started construction of the first of the four oil tankers ordered by the Venezuelan state oil firm Pdvsa. The 47,000 dwt vessel will…

Aker Promar reportedly plans to invest $45.7 million in the construction of a new shipyard in the northern region of Rio de Janeiro state. This will be Aker Promar's second shipbuilding facility…

Work on the Zhoushan Changbaidao project in China has been given the go-ahead. The project is to build a drydock of 400m in length and 106m in breadth in order to build…

Samsung Heavy industries and Atlantico in Brazil signed a $14 million contract of technology support including construction and operation of shipbuilding facility and ship design.Atlantico will build a 360 metre drydock at…

SembCorp Marine in Singapore has clinched a contract to build a gas production platform to be installed offshore in Brazil. The deal is worth $550m and the platform will be built by…

Baoshan Iron & Steel Co, China's largest steel mill, started construction of a $750 million project to make special alloy plates and coils in Shanghai. "This is to meet the growing demand…

SK Shipping in South Korea has placed an order for two 318,000 dwt double hull VLCCs. Total contract price is $250 million and delivery is scheduled for second half of 2009. The…

The National Transmission Corporation (TransCo) recently signed a memorandum of understanding with Hanjin Heavy Industries & Construction (HHIC) for the direct power connection of Hanjin's shipbuilding facility to be built inside the…

China will need 40 to 50 additional VLCCs over the next five years due to the increase in the country's crude oil imports and exports, an industrial insider said on Thursday. Henrik…

Norwegian Coastal Voyage's ?MS Fram?, currently being built by Italian shipbuilder, Fincantieri, is on schedule for its maiden voyage in April, 2007. The 12,700-ton, 328-berth, eight-deck ship, the first cruise ship built…

Lehman's New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of the US shipbuilder Atlantic Marine Holding within a few weeks, according to a spokesman for Atlantic Marine.…

USS Product Carriers LLC, a newly created wholly-owned subsidiary of U.S. Shipping Partners LP, has entered into a contract with the National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics…

Dutch shipowner Anthony Veder has ordered its first LNG tanker. Using a relatively small ship, the Rotterdam-based shipping company wants to provide a regional LNG feeder service from the large import terminals.…

Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114 million and…

A Chinese shipyard leaped to fifth position in the global shipbuilding industry in terms of order backlog for the first time, posing a potential threat to South Korean shipyards currently holding a…

Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and…

Samsung Heavy Industries clinched an order for a drillship from a European shipowner. Contract price is $583 million and delivery is scheduled for June 2009.

Construction work on the Limbe shipyard project in Cameroon is expected to be completed in December 2007. This was one of the revelations of a two-day adhoc committee meeting in Limbe during…

The long drawn out privatization process of the Spanish shipbuilding company IZAR was finalized yesterday when the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) announced the sale of the shipyard…