News

State-run Shipping Corp of India Ltd (SCI) is planning a foray into shipbuilding and is in talks with domestic and overseas firms for a joint venture, Chairman and Managing Director S Hajara…

The Arab Ship Building and Repair Yard's (Asry) board of directors has given the green signal for a $188 million expansion project as a part of the strategic plan for the 2008-2012…

Aker Philadelphia Shipyard began construction on Hull 013, the ninth product tanker in a series of twelve to be built for American Shipping Company. When completed, the 46,000 dwt vessel will be…

The second of two high speed vehicle-passenger catamarans for Hawaii Superferry has been launched at Austal USA?s purpose-built production facilities in Mobile, Alabama. With a service speed of 40 knots and the…

Four more 24,000dwt multi-purpose, heavy-lift vessels have been ordered for the global services of Rickmers-Linie by Rickmers Group company Polaris Shipmanagement from Chinese shipbuilder Guangzhou Wenchong. Delivery of the first vessel is…

Lockport-based Bollinger Shipyards in the US has won a contract for U.S. Coast Guard (USCG) patrol boats that could be worth as much as $1.5 billion. If fully exercised, it would be…

As part of its strategy to create a green ship product line, Kongsberg Maritime recently announced the acquisition of Metasystems AS. MetaSystems develops intelligent electronic applications in terms of software, sensors and…

UAE-based offshore rig building company, Maritime Industrial Services (MIS), is looking to boost its yard capacity through acquisition of land and existing smaller yards in the UAE, said a senior company official.The…

AP Moller Maersk subsidiary Safmarine has confirmed it has placed an order for four 18,000 dwt multi-purpose vessels with Wuhu Xinlian Shipyard in China. The deal includes an option for another four…

Turkey's Cicek Shipyard launched a new 25,000 dwt bulk carrier design at the SMM 2008 exhibition in Hamburg. The current handy-size bulk carrier fleet is now aging and Cicek believes that many…

Shipping companies are experiencing a tightening of lending conditions because of growing market uncertainty and a weakening of banks' ability to lend, senior officials have revealed. The ambitious building programmes announced around…

European engineers and researchers have developed a robot that is able to remove marine growth from a ship's hull. HISMAR, the Hull Identification System for Marine Autonomous Robotics, was developed under European…

Conflicting directions given by the financial authorities are creating confusion for bidders of Daewoo Shipbuilding & Marine Engineering (DSME). After Korea Development Bank (KDB), the main creditor of DSME, changed its stance…

Dalian Shipbuilding Industry, one of China's biggest shipyards, plans to boost production from this year's 3 million dwt to 10 million dwt by 2020. DSIC expects sales of 17 billion yuan this…

Reports are emerging that there are signs of a significant dispute between Norwegian Cruise Line and Aker Yards France, the shipyard that's building NCL's innovative new F3 series of ships. The dispute,…

The naval architect firm of Marin Teknikk in Norway has secured a new contract with a Korean shipyard for delivery of design and engineering package for two new MT 6024 support vessels…

Japan?s IHI Marine United is to provide a Turkish shipyard with the design of its 56,000 dwt bulker "Future 56 (F56)" along with related materials and components in a deal arranged by…

Samsung Heavy Industries has received a 633.4 billion won ($567.8 million) order from Europe and said it would raise its order target for 2008 by more than 30%. The South Korean shipbuilder…

The government of Malta is to issue an official statement regarding its call for expression of interest in the privatization of The Malta Shipyards. The bid closed yesterday and prospective buyers were…

The EU has promised a swift decision on whether to approve Polish government rescue plans for two shipyards where thousands of jobs are at stake. "My people are doing their utmost to…