News

Hyundai Mipo has clinched an order for four product carriers from a Cypriot ship owner at a cost of about $170 million for delivery in November, 2009

Venezuela has reached a deal to build 36 large oil tankers in Brazil at a cost exceeding $3 billion. According to the local press, the governments of both countries reached a deal…

The Monaco-based ship management company V.Ships has acquired UMC International PLC. Formed in 1972 as the Under Water Maintenance Company Ltd, UMC International has grown into an international specialist in innovative underwater…

Ocean Mainport Offshore Limited (OSL) in Ireland has placed an order for a multipurpose vessel. OSL said the vessel, to be named Ocean Europe, is being built at the Solstrand shipyard in…

The Indian gas importer, Petronet LNG Ltd (PLL), plans to float a shipping subsidiary overseas to haul gas to its greenfield re-gassification terminal of 2.5 million tonnes per annum capacity proposed at…

FBMA Marine based shipyard in western Cebu, Philippines, has just launched the first of the two ?Sea Slice? 149 passenger offshore crew boats ordered by the Mexican company Hoteleria y Servicios Petroleros…

Keppel Shipyard has been awarded two contracts valued at approximately $80 million for the conversion of two new FPSO facilities for Prosafe Production (Prosafe). The first contract is for the conversion of…

MacGREGOR is initiating the replacement of fully automatic twistlocks with proven semi-automatic twistlocks for its customers. This move follows the recent spate of container losses involving between 400 and 500 units that…

Long-term ship repair and conversion work will return to the former Cammell Laird shipyard. The resumption of marine engineering work at the famous Birkenhead yard in the UK follows an agreement being…

Chinese shipbuilders are gearing up to build LNG tankers as the Government approves more projects to import the fuel, challenging yards in South Korea and Japan.China's first home-built LNG tanker will be…

Korean shipbuilders are considering building more shipyards overseas to meet the current demand for newbuildings. Daewoo Shipbuilding & Marine Engineering is seeking to acquire shipyards for medium-sized vessels in Brazil, Angola and…

Jiangnan Heavy Industries in China secured an order for two 297,000DWT VLCCs from Frontline. The two tankers will be built at new shipbuilding facility and no delivery date has been revealed.

Sunferries in Townville, Queensland, Australia, has ordered two new 300 passenger capacity, fast cat ferries capable of travelling at 28 knots to operate their route across Cleveland Bay to Magnetic Island. The…

Keppel FELS has secured a contract with GlobalSantaFe Corporation (GSF) to build an ultra-deepwater drilling rig for $270 million.Under the contract agreement, GSF will supply the drilling and sub-sea equipment while Keppel…

Wärtsilä Corporation and the BLRT Grupp of Estonia will set up a second joint venture to service ships in the Baltic area. The joint venture will be owned 51% by Wärtsilä and…

A $45 million order from UK shipowner Carisbrooke Shipping for three new vessels will keep the Port Weller Dry Docks shipyard in Ontario, Canada, in full employment for the next two years.…

Chevron Corporation has awarded the Houston-based offshore drilling company, Transocean Inc., a drilling contract for the construction of an enhanced Enterprise-class drillship. The enhanced Enterprise-class drillship, to be named the ?Discoverer Clear…

Seaspan Corporation has signed a contract to build four 2,500 TEU vessels from Jiangsu Yangzijiang Shipbuilding in China. These new orders are incremental to Seaspan's original contracted fleet and will increase the…

Bergesen Worldwide Tankers signed contracts to build two 320,000 DWT VLCCs at Bohai Shipyard. These will be the largest ships of their type ever built in China and delivery is slated in…

Samsung Heavy Industries clinched a 155,000 cbm LNG carrier from Petronet and an oil platform from ONGC in India at a total price of $500 million. The 285m long, 44m wide LNG…

Hanjin Heavy Industries has signed a land lease agreement with the Subic Bay Metropolitan Authority to construct and operate a $1 billion shipyard at the Subic Bay Freeport Zone in Zambales. The…

?Clipper Target?, a bulk carrier for the Clipper Group of Bahamas, was recently launched at the Cochin Shipyard (CSL) in India together with a fire-fighting tug for the Jeddah Port Authority, Saudi…