News

Aker Yards has confirmed an optional agreement with Nordcapital Holding GmbH & Cie. KG in Hamburg, Germany for the building of two UT 755LN Platform Supply Vessels. The Contract value is approximately…

Korea Line placed an order of a 105,500DWT tanker with an unspecified Japanese shipbuilder at a price of $55 million for delivery during first half of 2009.

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has placed orders for five 6.400 TEU container ships with the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. (Koyo Dockyard Co., Ltd.). These newbuildings are scheduled for…

The Greek-based easyCruise and Neorion Holdings have signed a letter of intent for the construction of two cruise ships with the option for a further two in Neorion Holdings? shipyards in Greece.…

The San Francisco Bay Area Water Transit Authority (SFBAWTA) has issued a Letter of Intent to award a contract to Nichols Brothers Boat Builders for the construction of two new 149 passenger…

BAE Systems and VT Group are considering joining forces as a fallback plan if they decide not to press ahead with a bid for rival warships builder and support services company Babcock…

The Adani Group in India is in an advanced stage of negotiations with at least three international shipbuilding companies, two in South Korea and one in Japan, to forge a strategic partnership…

To meet the strong level of market demand and to support the company's growth target, Wärtsilä is investing in higher efficiency and capacity for engine assembly and testing. This means an aggregate…

The Qatar tanker company, Q Ship, took delivery of ?Mesaieed?, which is the fifth unit in a series of six 105,000 dwt Aframax tankers under construction at Hyundai Shipyard, Korea. This vessel…

Hyundai Heavy Industries delivered a 9,100TEU container ship to Peter Dole. Named as MSC Madeleine, she is 348.5m long, 42.8m wide and has a depth of 27.2m. The Hyundai built MAN B&W…

Fincantieri created an international network for refitting and refurbishment services by acquiring a shareholding in the German shipyard Lloyd WerftFincantieri and Bremer Investitions-Gesellschaft mbH (BIG), the service provider for regional and business…

Hanjin Heavy Industries secured an order for four 3,100TEU container ships from a European ship owner. Total contract price is $248 million and will be delivered by May 2009.

Larsen & Toubro (L&T), India's largest construction and engineering firm, aims to invest more than $111 million to build a second shipyard and grab a share of the global demand for vessels,…

Greek shipping companies want to set up fast ferry services between Qatar and neighbouring countries including India, Pakistan and Iran, according to local reports. Ferries would carry trucks and cars as well…

Wärtsilä Automation Norway, a member of the Wärtsilä group and Emerson Process Management have decided to form a total electrical and instrumentation system alliance for FPSO vessels. This alliance will deliver high-performance…

In line with its Horizon 2010 strategic plan, the French towage and salvage company Les Abeilles, a Bourbon subsidiary, is expanding its harbour tug fleet by ordering 12 tugs consisting of a…

Larsen & Toubro Ltd (L&T), India's largest engineering and construction conglomerate with additional interests in electricals, has forayed into the shipbuilding business by securing a $98 million contract from the Netherlands-based Zadeko…

Korea Line in South Korea placed an order for two 49,900DWT product carriers with unknown shipbuilder for delivery during first half of 2008 at a cost of approximately $90 million.

The employees of Gdansk shipyard have submitted an offer to buy the company. The second potential buyer is the consortium of state-owned entities comprising of Energa power distributor and the Agency for…

The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine…

Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is…

BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring…