News

Volstad Shipping AS in Ålesund, Norway, has confirmed an agreement with Aker Yards, for the building of a platform supply vessel (PSV) of ST-216L CD type. This contract is the third of…

Concordia Maritime, the tanker arm of the Gothernburg-based Stena group, has signed a contract with Brodosplit Shipyard, Croatia, for the construction of a further two 49,900 dwt P-MAX ice-class product tankers. The…

Hounded by declining business opportunities at the world's largest shipbreaking yard, cut-throat competition from Bangladesh and Pakistani and pressure from environmental groups, Alang's shipbreakers in India are now eyeing the shipbuilding trade.A…

Kuwait & Gulf Link Transport Company (KGL) of Kuwait has awarded the Dutch shipbuilder Damen a contract to construct and deliver a 52 meter wave piercing catamaran. The fast ferry will have…

Kjell Inge Rokke-controlled Aker Yards has decided that the group will not make a bid for the former Lenin Shipyard in Gdansk, but will continue its cooperation with the Polish yard.The Polish…

Hong Kong-listed China Shipping Development Co. (CSD) has placed two contracts to build eight oil tankers for HK$4.32 billion from two Chinese shipbuilders.CSD, a unit of state-owned China Shipping (Group), signed a…

Daewoo Shipbuilding and Marine Engineering in Korea recently delivered the 1,300-ton displacement submarine ?Cakra? to the Indonesian Navy. This is the first time that a Korean shipyard has exported a submarine to…

The Houston-based Trico Marine Services has entered into an agreement with the Norwegian shipbuilder Solstrand AS to build a Marin Teknikk Design MT6009 MKII Platform Supply Vessel (PSV). This $25 million newbuilding…

IRISL, the Iranian shipping company, placed an order for six 53,500 dwt bulk carriers with Yangzhou Shipbuilding in China. They will be delivered from 2008 to 2009 and four more options are…

Siem Offshore Inc has declared an option for the building of one additional Multi-Functional Field & ROV support vessel (MRSV) from Kleven Verft AS in Ulstein, Norway. The $51 million newbuilding is…

Abu Dhabi Ship Building (ADSB), a UAE company and one of the major shipbuilding facilities in the region, has signed a contract with Emirates Dredging Company (EDC), another local Abu Dhabi company,…

Pakistan and China have signed an agreement for the indigenous construction of a fourth F-22P frigate as part of the growing ties between the two countries in the maritime sector. The agreement…

Odense Steel Shipyard delivered its latest newbuilding for the A.P. Moller - Maersk Group, the ?Georg Maersk?, a 7,000 TEU container carrier. This latest newbuilding is the sixth vessel in a new…

Daewoo Shipbuilding, which is aiming for new orders worth $10 billion this year, has already achieved 45% of its target in the first three months. The company recently signed deals to build…

Hanjin Heavy Industries in South Korea secured an order for an LNG carrier from a ship North American shipowner for delivery in November 2008. Contract price is $194 million.

Shina Shipbuilding in South Korea has won four 44,000DWT chemical tankers from Stolt-Nielsen Transportation Group, a unit of Stolt-Nielsen ASA. Total contract price is $240 million.

Topaz Energy and Marine Limited subsidiary Nico International, one of Dubai's most prominent ship repair companies, will open a new ship repair facility in Bautino, Kazakhstan later this year, after completing a…

Keppel FELS Ltd has secured a contract from Diamond Offshore Drilling, for the major upgrading of semi-submersible rig for $102 million. ?Ocean Monarch? will arrive at Keppel FELS in mid 2006 for…

DNV has signed an agreement with Cosco, the world?s largest shipowner. Under their Memorandum of Understanding (MOU), DNV will provide services to support Cosco?s sustainable business developments under the United Nations Global…

RH Group receives DNV worldwide recognition Radio Holland Group (RHG) received the DNV (Det Norske Veritas) recognition for radio- and VDR surveys for all its RH subsidiaries engaged in these activities. RHG…

Australian defense officials may have thrown a wrench into government plans to build new warships in the country. In a submission to a Senate panel, the Defence Department (DP) said there was…

Northrop Grumman Corporation has been awarded type approval from the German certification authority Bundesamt für Seeschiffahrt & Hydrographie (BSH) for the Sperry Marine VoyageMaster II Simplified Voyage Data Recorder (S-VDR). The BSH…