News

Wärtsilä entered into license agreement with Brazilian company Nuclebras Equipamentos Pesados SA (Nuclep) which is owned by the government and mainly active in manufacturing of heavy engineering equipment for nuclear industry, power…

Daewoo Shipbuilding in South Korea secured a 150,900 cbm LNG RV from Exmar N. V. in Belgium at a price of $260 million for delivery in April 2009. The new order also…

GulfMark Offshore, Inc. has exercised an option to build a second Aker PSV09 design vessel. This 4,850 dwt, diesel electric powered platform supply vessel will be built at a Norwegian yard at…

Kawasaki Kisen Kaisha ("K" Line) has taken delivery of ?Guangzhou Highway?, a 48,927 gt PCTC with a 5,000 car capacity completed at Nantong COSCO KHI Ship Engineering (NACKS). This is the last…

Bulgaria's Bulyard Shipping Industry (BSI), a unit of the Bulyard consortium, plans to invest 2 million euro in refurbishments and new equipment in 2006. The consortium will use bank loans to finance…

DNV has launched its new Nauticus Hull software, which provides unique support for the Common Structural Rules for double hull oil tankers, only three weeks after the Rules were adopted by the…

The growing importance of ROVs is to be recognised by a free half-day seminar ?ROVs: Leading the way into the future? at Oceanology International 2006 (OI2006) and organised by the Remote Systems…

JSC Vakaru Laivu Statykla, of Western Shipyard in Klaipeda, Lithuania, recently completed the building of a passenger and car ferry hull. The hull, measuring 106 m long and 17.2 m wide, was…

After gaining a foothold in the port business, the Adani Group has decided to enter into shipbuilding and plans to announce a joint venture agreement for shipbuilding soon. Confirming the development, Adani…

According to a senior official at the Dubai-based business conglomerate, ETA-Ascon, the company plans to enter ship-building activities and is also considering undertaking the management of a government-owned shipyard in India and…

China recently delivered its largest PCTC (pure car truck carrier) to Zodiac Shipping Ltd. Named ?Morning Miracle?, the 45,000gt ship was designed and built by Xiamen Shipbuilding Industry and is the first…

The Dubai-based ETA-Ascon, a diversified group, plans to buy 76 new ships to expand the size of its fleet to 100 in five years. The total investment involved in this order will…

Italian shipowner, Siba Ships, has declared an option on a second livestock carrier under construction at Labroy Shipyard in Singapore. This second vessel will be a sister-ship to Hull T155, both of…

Damen Shipyards Gorinchem has won a contract from the Dutch shipowner, Jumbo Navigation for a state-of-the-art heavy-lift vessel with an option for a second vessel. These will be similar to the two…

Eidesvik Offshore ASA and the Houston-based Veritas' Viking Maritime Inc., subsidiary have entered into an agreement to charter a seismic research vessel which is to be newly constructed. The time charter is…

Hyundai Heavy Industries (HHI) has reached a preliminary agreement to buy a stake in China's Qinhuangdao Shouqin Metal Materials. Qinhuangdao Shouqin is a steel making unit jointly owned by China's Shougang Concord…

Hyundai Mipo Dockyard in South Korea clinched four 37,000DWT and four 47,000DWT product carriers from Turkish shipping company Geden Line. Total contract price is $349 million. They will be delivered by November…

Keppel Shipyard Limited (Keppel Shipyard), a subsidiary of Keppel Offshore & Marine Ltd, has signed a contract with Golar LNG Limited for the conversion of an existing Moss LNG carrier into a…

Sembawang Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured a S$88 million ($53.4 million) contract from Bergesen Worldwide Offshore to convert the VLCC ?BW Enterprise? to an FPSO.Bergesen Worldwide Offshore, a…

Aker Yards and Alstom marine have announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry focusing on high value added ships, especially…

BAE Systems has sold its German sonar business Atlas Elektronik to the European aerospace group EADS and Germany's ThyssenKrupp Technologies. They will pay about EUR145m in cash and assume Atlas's pension liabilities…

The Bach Dang Shipbuilding Company, a subsidiary of the Vinashin group, recently launched a 13,500 dwt oil tanker, named ?Vinashin Sea?, the largest ever built in Vietnam. The tanker, 145 m long,…

Goa Shipyard Limited (GSL) here has embarked on a modernisation drive to augment its infrastructure facilities to manufacture state-of-the-art vessels with competitive prices and shorter delivery schedules. A GSL source said it…