News

Aker Yards and the French company Brittany Ferries have signed a Letter of Intent for the building of a roro-passenger ferry worth approximately 105-110 million euro for delivery in October 2008 at…

China's first LNG carrier was recently launched at the Hudong-Zhonghua shipyard in Shanghai and is scheduled for delivery in October 2007. The LNG ship is regarded a high-tech product with high-added value…

Hyundai Heavy Industries (HHI) marked a world record of 890,000 bhp for large size marine engines for one month by completing a test run of the final marine engine on the 27th…

A contract to build four ships for German owner Rickmers Shipping has been awarded to Sadra of Iran. The value of the contract is $120m and the first ship will be delivered…

The output of China's shipbuilding industry reached 12 million tonnes in 2005, making up 18% of the global share, according to the China Shipbuilding Industry Association. China's top two shipbuilding giants, the…

Bohai Shipbuilding Heavy Industries won orders for four 300,000DWT VLCCs, four 3,500 cbm LPG carriers and eight 46,000DWT product carriers from Nanjing Tanker Corporation of Changjian Shipping Group. Total contract price is…

Daewoo Shipbuilding and Marine Engineering in South Korea is aiming to win $10 billion worth of orders in 2006, up 47 % from $6.8 billion in 2005.It also expects to win a…

Keppel Singmarine has clinched three newbuilding contracts worth a total of $72.3 million. The first contract involves the construction of four anchor handling tug/supply (AHTS) vessels at its Keppel Nantong Shipyard, northwest…

Damen Shipyards Gorinchem has been awarded a contract from the Swedish Coastguard in Karlskrona to construct two 80 metre multi purpose vessels. The contract covers design, engineering and construction of two vessels…

A fleet of new ships built for British Gas and other companies to meet Britain's growing energy needs by bringing in LNG from abroad has been hit by leaks and safety scares.…

South Korea aims to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 trillion won ($2.5 billion), in the second half of 2006. State-run Korea Development Bank…

Guangzhou Shipyard International in China secured contracts for two 51,800DWT chemical tankers from Torm and one from Gotland. Delivery date and price were not revealed. Guangzhou Wenchong Shipyard clinched a 1,700TEU container…

Universal Shipbuilding in Japan won a 200,000DWT bulk carrier from Star Bulk Carrier for delivery during second half of 2010.The newbuilding will be deployed on the transpacific route for Sumitomo Metal Industries.

Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will…

Korean shipbuilders will maintain their lead in terms of orders this year, outpacing Japanese rivals for the third year running. Market researcher Clarkson Research Studies said that Korea's total amount of ship…

Most vessels in Vietnam?s shipping fleet have been rated as weak and obsolete in terms of both transport capacity and technology, according to the Vietnam Shipowners Association and the Government Decree 14/CP…

The hulls for two Aker Kvaerner designed H6e semi-submersible drilling rigs, designed for deep sea drilling in harsh environment and arctic conditions, is to be built by Dubai Drydocks. The Contract includes…

Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it…

Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from…

South Korea's Daewoo Shipbuilding & Marine Engineering has canceled an order, received in October, for two semi-submersible drilling vessels worth $402 million. The order had been placed in October by Singapore's Frigstad…

Aker Yards has signed a contract in excess of $30 million to build an Anchor Handling Tug Supply Vessel (AHTS) for Finarge de Navega??o do Brasil, a company of the Rimorchiatori Riuniti…

At its December meeting the California State Lands Commission (SLC) is expected to approve the report to the Legislature titled "Recommendations for Performance Standards for the Discharge of Ballast Water into the…

The State of California Clean Coast Act comes into effect on 1 January 2006 and prohibits incineration onboard oceangoing ships operating within three miles of the California coast. The law also prohibits…