News

Malaysia Marine and Heavy Engineering Sdn. Bhd., formerly known as Malaysia Shipyard & Engineering Sdn. Bhd, has signed an agreement with Samsung Heavy Engineering to set up a joint venture for LNG…

Shanghai Chengxi Shipyard in China clinched two 53,000DWT bulk carriers from Geden Line in Turkey. Ship particulars are 190m in length, 32.26m in breadth and 17.5m in depth. Tianjin Xinhe Shipyard won…

Keppel FELS Limited (Keppel FELS) has secured a repeat order for an ultra-deepwater semi submersible drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO) in Dallas, Texas. The total project…

Ezra Holdings in Singapore announced that its subsidiary, Lewek Shipping Pte Ltd, has ordered two new deep-water equipped multi-purpose anchor handling, towing and supply vessels (AHTS) for $40 million, excluding the cost…

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

STX Group, one of Korea?s rapidly growing conglomerates, aims to achieve 15 trillion won in total annual sales by 2010. The group announced yesterday it is on track to achieve its ambitious…

The Letter of Intent (LOI) for a roro-passenger ferry signed on 23 December 2005 by Aker Yards and the French company Brittany Ferries has now been confirmed as a firm contract worth…

Norwegian coating manufacturer, the Jotun Group, will spend $37 million building a wholly-owned factory in Zhangjiagang in a bid to meet the rapidly-growing demand in China. The new factory, with a capacity…

In order to increase production, Daewoo will be introducing new equipment this year including a 3,600-tonne sea crane which will be operational in April. A floating dock will also be completed soon…

Fast expanding Gulf Energy Maritime (GEM) has ordered four high spec double hulled handymax 47,000 dwt chemical/product tankers at Hyundai Mipo Dockyard at a cost of $180 million. The four tankers are…

Keppel Corp, the world's largest maker of shallow-water oil rigs, is among six groups that have bid for contracts to build $1.3 billion of oil and gas tankers for Petroleo Brasileiro SA,…

Unithai Shipyard and Schelde Naval Shipbuilding have been awarded a contract by the Royal Thai Navy to build a 66-metre multipurpose vessel for conducting hydrographic surveys and mine countermeasures, the first of…

Hyundai Corporation has risen as a major player in the global small and middle sized vessel market as ?Qingdao Hyundai Shipbuilding,? a company it launched last June in China, has successfully won…

SembCorp Marine is pumping 225 million Yuan or $27.5 million over two years to grow its ship repair and ship conversion business in China. It is investing the money into Cosco Shipyard…

The China Shipbuilding Industry Corp. (CSIC), one of the two largest shipbuilding groups in China, built 3.17 million tonnes of new ships in 2005, up 47%.In 2005, the CSIC received 3.73 million…

Aker Yards has signed a contract with Farstad Supply AS, a company within Farstad Shipping ASA in Ålesund, Norway, to deliver an UT 751 E platform supply vessel (PSV). The value of…

Bollinger Shipyards has won an order from Edison Chouest Offshore for two 245-ft class liftboats that will operate in the Gulf of Mexico. Bollinger hull 515 and 516, are based on a…

CSCL in China has ordered four 4,250TEU container ships from Dalian Shipyard for delivery from September 2008 to March 2009. The Chinese carrier is also believed to be negotiating with Samsung for…

PGS Production, a subsidiary of Petroleum Geo-Services ASA (PGS) at Lysaker, Norway, has entered into an agreement to purchase the shuttle tanker ?Rita Knutsen? from Knutsen OAS Shipping for $35 million. PGS…

Newly appointed DNV ceo-elect, Henrik Madsen, aims to strengthen the global credibility of classification, and of DNV in particular. Madsen is currently acting as deputy CEO and will formally take over the…

Dubai Drydocks is expected to become one of the leading shipbuilders in the region, with the launch of its $60 million newbuilding panel line and steel structure assembly facility in July. The…

South Korean shipbuilders have lowered their targets for orders this year due to slowing market conditions and an expected drop in demand. The nation's top three shipbuilders, Hyundai Heavy Industries, Samsung Heavy…