News

Multi-purpose ro-ro operator Sea-Cargo AS in Norway has placed an order for four cargo ferries powered by LNG rather than bunker fuel. They are believed to be the first of their kind.In…

Marco Polo Marine Ltd in Singapore has, via its wholly-owned subsidiary Bina Marine Pte Ltd, secured a S$74.5 million contract to build an 80m DP2 subsea operations vessel for Hallin Marine Subsea…

ExxonMobil has entered into an agreement with Pratt & Whitney Rocketdyne to develop next-generation technology to convert coal, coke or biomass to synthesis gas (i.e., CO and hydrogen), which could facilitate the…

The government in India is planning to revive the subsidy scheme in shipbuilding, discontinued since August 2007. "A cabinet note on the extension of subsidy for the shipbuilding industry will be circulated…

Orders for new container ships have dried up as vessel charter rates and ocean freight rates tumble and volume growth slows on key liner trade routes. Enquiries to shipbuilders about new tonnage…

Exxon Mobil Corp., operator of a planned $11 billion LNG project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply…

Sealink International Bhd, a shipbuilder and operator of offshore support vessels based in Miri, Malaysia, will expand its shipyard for ship repair services in view of the lack of such services in…

BNP Paribas SA said newbuilding orders will slow amid a global credit crunch and economic slowdown. The liquidity crunch is making it difficult for shipowners to borrow money and slowing economic growth…

Wärtsilä Corporation has inaugurated a new extension to its service centre in Chesapeake, Virginia, USA. The building provides increased capacity for propeller repairs and water jet assembly, while creating a service centre…

Deltamarin in Finland recently launched its one-stop Contracting Services. This life-cycle service was launched at the request of its customers and to meet the growing market needs and combines high-quality engineering with…

Rolls-Royce has won a £96 million contract to provide power and propulsion equipment, including four gas turbines, for two of the world's largest warships - the UK?s new 65,000 tonne aircraft carriers,…

MacGregor has merged its RoRo, Dry Cargo and Crane divisions and the self-unloaders part of the Bulk Handling division to form a new Merchant Ship division, which will benefit its two biggest…

Ocean Wilsons Holdings Ltd. (OWH) has reaffirmed its growth strategy by investing in the construction of a new shipyard in Rio Grande, Brazil. The company said Conselho de Autoridade Portuia (CAP), Rio…

South Korea?s Hanjin Heavy Industries Construction Co. Ltd. will resume its $2-billion shipyard project at the Philippine Veterans Investments and Development Corp. (Phividec) industrial estate in the first quarter of 2009. Initial…

The Singapore shipbuilder ASL Marine (ASL) has secured new shipbuilding and fabrication contracts worth a total of S$101m ($68.7m). The bulk of the total value of the contracts is for the construction…

The federal government must commit to Canada's shipbuilding industry rather than shopping in places like South Korea and Europe, the Shipbuilding Association of Canada says. "Over the next 25 years, the federal…

The latest addition to the Genoa-based Finarge Armamento, the AH Camogli, was recently delivered. This Moss 424 Mk II designed AHTS was built by Fincantieri Shipyard in Riva Trigoso before being moved…

Gunderson Marine division in Portland, Oregon, has signed contracts with Vessel Management Services, a subsidiary of Crowley Maritime Corporation, to build 10 heavy lift series deck cargo barges for delivery by 2012.…

The US Navy will christen littoral combat ship (LCS) 'Independence' on Saturday, 4 October during a ceremony at Austal USA Shipyard, Mobile, Ala. Independence is one of two LCS seaframes being produced.…

Poland's state-owned shipyards face a risk of bankruptcy after emergency talks between the European Commission and Warsaw failed to resolve doubts over massive state aid they had received. Polish Treasury Minister Aleksander…