News

Seaspan Corporation based in Vancouver has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG ("Conti") of Germany. This acquisition is incremental to Seaspan's original…

South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labour and large construction facilities. Leading the pack is Samsung Heavy Industries which…

Aker Yards has confirmed an optional agreement with Siem Offshore to build two platform supply vessels (PSV). The value of the contract is approximately $40 million and delivery is scheduled for second…

Wärtsilä Corporation has acquired the entire business of Total Automation Ltd, a Singapore-based public marine automation company, and all Total Automation's shares in its subsidiaries at a price of approximately EUR 61.6…

Brazilian engineering company Ultratec will invest $7.8 million to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 FPSO. Federal energy company Petrobras will lease…

Eukor Car Carriers Inc in South Korea placed an order of four PCTCs with Hyundai Samho Heavy Industries. The new 6,500 capacity car carriers will be delivered by second quarter of 2009.

Jiangdong Shipyard in China clinched eight 12,000DWT multi purpose carriers from two German ship owners with delivery of 2008. Each owner ordered four ships.

Transpetro, the transport unit of Brazil's federal energy company Petrobras, has picked four consortia as finalists to build 26 ships at an estimated cost of $1.9 billion. The company is selecting the…

The first step towards initializing the Technological Improvement Program (TIP) aimed at boosting the Brazilian shipbuilding industry was taken with the signing of an agreement worth approximately $14.6 million between the government,…

Moran Towing Corp has awarded Manitowoc Marine Group a follow-on contract for the construction of two ocean-class, double-hull, hot oil tank barges. The vessels, which will be built by subsidiary Bay Shipbuilding…

Italian shipbuilder Fincantieri has won a $48 million contract to build an oceanographic ship for the National Institute of Ocean Technology of Madras, India. The 104 metres long and 18 metres wide…

ABG Shipyard in Mumbai is building three `Special Pollution Control Vessels` for the Indian Coast Guard at an estimated cost of $86 million. These vessels are equipped with oil spill response solutions.…

SeaDrill in Norway recently declared its option to build a second semi-submersible ultra deepwater drilling rig at Daewoo Shipbuilding in Korea. The rig is of the design GVA-7500-N and is fully capable…

Odense Steel Shipyard in Denmark delivered its latest newbuilding, Gerd Maersk, for the A.P. Moller - Maersk Group. This is the fifth vessel in a new series of technologically advanced 6,600 TEU…

In its bid to cater to the international ship repair demand, private sector shipyard ABG Shipyard is planning to acquire ship repair facilities in the key shipping routes? network, including Singapore and…

The Finnish dry bulk cargo carrier ESL Shipping Oy, a subsidiary of Helsinki-based Aspo Plc, has placed a contract for two new ice-strengthened bulk carriers from the Indian shipbuilder ABG Shipyard. Expanding…

Northern Lighthouse Board?s new multi function tender ?Pharos? was launched recently at the Gdansk Stocznia Remontowa S.A. yard, Poland. On completion later this year in October, the 84.20 metre long new vessel…

China has overtaken Japan to become the world's second-biggest shipbuilding country in terms of orders according to a Hong-Kong based source. China received orders totaling 7 million cgt (compensated gross tonnes) last…

Royal Caribbean International (RCCL) has ordered a new generation cruise vessel from Aker Yards. The contract price is around ?900m ($1.08 billion), the most valuable ship ever ordered in the history of…

Fincantieri?s shipyard in Marghera (Venice) has delivered the cruise ship "Noordam", ordered by Holland America Line, a brand of Carnival Corporation, the world?s leading cruise operator.The newbuilding is the last of four…

The creditors of struggling shipyard Ladjedelnica Izola have backed a proposal to send the company into administration in order to bring it out of its debts. The measure was proposed by the…

KEPPEL Philippines Marine Inc said its Singaporean shareholder, Keppel Shipyard Ltd, has agreed to sell all its 584.97 million shares in Keppel Philippines to KS Investment Pte Ltd.KS Investment will end up…

The MAN B&W Diesel Group is launching a new four-stroke engine onto the market that not only burns both gas and MDO (Marine Diesel Oil), but can also run long-term on pure…