News

Nam Trieu Shipbuilding Company (NASICO), part of the Vinashin shipbuilders group, began work on a vessel that will be Viet Nam?s biggest container ship. The 700 TEU ship is 133.60 metres long,…

Singapore company Labroy Marine Ltd is preparing a site on Indonesia's Batam Island for a new rigs and FPSO conversion yard, which would be partially managed by Labroy Offshore Ltd. The 40-ha…

Meyer Werft in Papenburg, Germany, has cut the first steel plate for the lead-ship in a four-ship series of LEG/LPG tankers ordered by Norwegian shipowner Solvang AS. The 17,000 cubic metre gas…

Exports of ships, boats (including hovercrafts) and floating structures in 2005 (January-November) recorded an increase of 66% to $565 million compared with the corresponding period in 2004. During the same period, the…

The Davie shipyard near Quebec City is expected to be sold to the Quebec-based ship repair company, Navamar. The trustee for the bankrupt shipyard announced it has accepted Navamar's purchase offer, considered…

CMA CGM of France placed a new order of four 4,300TEU container ships with Hanjin Heavy Industries at a total price of $250million. The first unit will be delivered in the second…

Siem Offshore in Norway has awarded a shipbuilding contract to Kleven Maritime AS for a multi-functional field & ROV support vessel for delivery June 2007, at a cost of approximately $50 million.…

A large container vessel insured with Gard has recently experienced a serious loss of containers. Whilst investigating the incident they learned of similar events with several other new, large vessels covered by…

A significant milestone for the protection of the marine environment will be reached on 24 March 2006 with the entry into force of the 1996 Protocol to the Convention on the Prevention…

Qatar Gas Transport Company and Qatar Shipping will use a joint venture company to own and operate four LNG vessels. The ships are being built by Hyundai Heavy Industries at a cost…

The Glasgow-based shipbuilder Ferguson is once again waiting to hear if the Scottish Executive will give it work and keep the yard going. Ferguson's 118-strong workforce hopes to learn next week if…

The European Commission has launched an investigation into proposed government subsidies of euro5.8 million ($6.9 million) to two German shipyards to ensure it complies with EU rules on state aids. The probe…

The Italian shipowner, Navigazione Montanari S.p.A., declared the option for the construction of two more 37,000 DWT product/chemical tankers for a total investment of ?81 million. The option was provided by a…

The Genoa-based tug company, Rimorchiatori Riuniti, has ordered a AHTS vessel from Fincantieri for delivery in December 2007. The 3,000 DWT vessel is of a MOSS 424 design and will have a…

Last November, Bollinger Shipyards did something completely out of character. The shipbuilder backed out of a $700 million contract it had worked for years to land and passed on another worth $150…

Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a 3,500 DWT UT 755 LN platform supply vessel.…

A consortium of MOL, Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd. and Shipping Corporation of India (SCI) signed an agreement with New Delhi-based Petronet LNG Limited (PLL) for a long-term time…

Vela International Marine Limited, a wholly owned subsidiary of Saudi Aramco, signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to build six VLCCs at its Okpo yard in South Korea.…

Daewoo Shipbuilding won six VLCCs from Vela with delivery of 2009. Shina Shipbuilding won four 41,000DWT product carriers from Ocean Tanker in Singapore. IHI MU in Japan won a new order of…

Ministry of Maritime Affairs and Fisheries (MOMAF) in South Korea is selecting a shipbuilder to construct a 6,950 tonne ice breaking research vessel for the Antarctic. Delivery of the $102 million vessel…

Construction of the largest shipyard in southern Viet Nam began in Nhan Trach district, southern Dong Nai province. Vinashin will be investing nearly 600 billion VND ($38 million) in building this facility…

The American cruise operator Celebrity Cruises, an affiliated company of Royal Caribbean Cruises Ltd., has ordered another large cruise vessel from Meyer Werft in Papenburg, Germany. The contract for the construction of…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has entered into service its new 140,000 cbm Moss type LNG carrier "Arctic Discoverer", constructed at Mitsui Engineering and Shipbuilding's Chiba Works in Japan. The vessel…