News

Daewoo Shipbuilding clinched four large post-Panamax container ships from a ship owner in Panama. Total contract price is $530 million and delivery will be completed by April 2010.

The Faroese fishing company Hvalnes hf, which operates the pelagic vessels ?Christian ? Grótinum? and ?Nordborg?, has signed a contract for the largest and most expensive addition to the Faroese pelagic fleet…

Herning Shipping in Denmark has ordered two 11.000 dwt IMO product / chemical carriers at Nantong Mingde shipyard in China for delivery in 2008. The vessels will be ice class 1A and…

The new factory for Wärtsilä Auxpac marine generating sets in China was inaugurated today by Wärtsilä Qiyao Diesel Company Ltd (Shanghai), the joint venture between Wärtsilä Corporation and the Shanghai Marine Diesel…

If the Halifax lead team is selected to design and build joint supply vessels for the Canadian navy, it would mean sustained work for team members, an Irving spokeswoman said Monday. This…

Nepline Bhd in Selangor, Malaysia, is actively sourcing for suitable double-hulled tankers for acquisition in order to improve its revenue. The company?s overseas subsidiary, Nepline (Singapore) Pte, has sealed a $12 million…

Lockheed Martin has won a $198 million contract to build the third Littoral Combat Ship (LCS) for the U.S. Navy, the second LCS to be built by the Bethesda, Maryland-based firm. Virginia-based…

China Cosco Holdings Co, owner of China's second-largest container shipping line, has placed a $516.8 million order for eight new 5,100 teu container carriers. The shipbuilder is Jiangnan Shipyard, a unit of…

New small-bore engines from MAN B&WMAN B&W Diesel has introduced two new engines S35ME-B and S40ME-B, a new addition to its small-bore diesel engines, upgrading the 35MC and 42MC engines to top-of-the-line…

Frontline has ordered four VLCC newbuildings at Jignan Shipyard in China for delivery 2009 and onwards. Two of these originally newbuilding contracts have in the second quarter been sold to third party…

Aker Yards has entered into a contract with Farstad Shipping for the building of a construction vessel with a value of approximately $135 million.The vessel is a new UT-design from Rolls-Royce and…

Seadrill, a Bermuda-based company with an offshore drilling fleet, has entered into an agreement with Malaysia Marine & Heavy Engineering for the purpose of building a new self erecting tender rig, T-11.…

The Perak government in Malaysia has approved a land area of 69.76 hectares in Sungai Manjung, Lumut, on the west coast, for carrying out shipyard operations. About 24 hectares of the area…

Japanese steel makers are trying to hike the price of thick steel plate for shipbuilding by $43 per tonne for all deliveries from October onwards. Price negotiation with shipyards will start next…

The Canadian government is set to announce the selection of a builder for the navy's three new 28,000 tonne joint support ships with a combined price tag of $2.1 million. A consortium…

The Malaysia International Shipping Corporation (MISC), the world's biggest owner of liquefied natural gas (LNG) tankers, has placed a new order to build four product tankers. The contract value for the 38,000…

Shipbuilding has emerged as the second most important business for Dubai Drydocks which has invested $60 million in its shipbuilding infrastructure designed to open a new stream of revenues. Expansion in a…

US oil major Chevron has ordered a 100,000 barrel per day vessel-based oil rig with Dutch maritime engineering group SBM Offshore NV for its Frade project in Brazil.Chevron officials declined to give…

Aker Yards has entered into a contract with DOF ASA for the building of one Diving Support Vessel (DSV), and a contract with DOFCON and Technip for a second DSV. Aker Yards…

The ailing Gdansk Shipyard in Poland, which went bankrupt in 1998 and has since been part of the state-controlled Gdynia Shipyard group, is up for grabs again because Gdynia group is itself…

The Department of Homeland Security in the USA has rejected an AFL-CIO complaint about use of foreign-made parts at the Aker Philadelphia Shipyard, prompting the union to vow a political fight over…

The Houston-based offshore drilling contractor Transocean Inc. has placed an order with Daewoo Shipbuilding and Marine Engineering yard (DSME)in Okpo, South Korea, for the construction of a dynamically positioned, double-hull drill rig…

Daewoo Mangalia Heavy Industries in Romania clinched four Panamax container ships. Gebab Holding GmbH & Co. KG and Conti Holding GmbH & Co. KG ordered two vessels each at a total price…