News

Construction of a shipyard project, believed to be the largest of its kind in China, commenced recently at Haixiwan Bay in Qingdao, a port in east China's Shandong province. Covering an area…

Star Deep Water Petroleum Limited, an affiliate of Chevron Corporation, has commenced the construction of the FPSO vessel for its Agbami Field, valued at $1.1 billion. The vessel is being built at…

Mitsubishi Heavy Industries in Japan clinches a 145,400 cbm moss type LNG carrier from Cygnus LNG Shipping, a joint venture of Nippon Yusen Kaisha (NYK Line) together with the Tokyo Electric Power…

Sources in Germany report that the country will sell Israel two AIP-equipped SSK Dolphin class submarines for a total of EUR 1 billion ($1.17 billion), with the German government picking up one-third…

Prosafe ASA's wholly-owned unit Prosafe Production Services Pte Ltd has won a $178m contract from New Zealand Overseas Petroleum Ltd. The New Zealand company will lease a Flotation Production Storage and Offloading…

Daehan Shipbuilding in South Korea will start the construction of a 29.97 acres new shipbuilding facility in Haenam and the development will consist of two stages. The first stage will cost W…

The net profit of the Arab Shipbuilding and Repair Yard Company (Asry) is expected to reach $6.4 million this year while the net operating income is projected to reach $106m, compared with…

Aker Yards and Viking Line have signed a letter of intent for delivering a passenger ferry in January 2008. The contract value is within the range EUR 110-130 million.The agreement includes options…

Martek Marine Ltd (UK) have secured the world¹s first contract for supply ofNOx/SOx/CO2 emissions monitoring systems for a series of new LNG carriers under construction at DSME in South Korea. The vessels…

Bermuda has signed a contract for the construction of a 350-passenger high speed ferry for a new Hamilton to St. George's route. The 38.15 metre-long vessel, which is being built by Derecktor…

Callidus Technologies, the Tulsa-based combustion and environmental protection specialist, has purchased several systems utilizing two Servomex 1900 oxygen analyzers and a sampling system meeting the strict U.S. Coast Guard (USCG) requirements for…

Armaris, a 50-50 joint venture between Thales and the French state shipyard DCN, said it has been notified by European Union authorities that the first tranche of an 11 billion euro contract…

Further to our earlier report (see 15 November) that Danish shipowner Fabricius had placed its first shipbuilding contract with Vietnam?s shipbuilder Vinashin, further details have now emerged about the contract for a…

Mitsubishu Heavy Industries (MHI) aims to promote further penetration of its UE engines into the Vietnamese shipbuilding industry, which is expected to grow rapidly amidst the current boom in international shipping. Nguyen…

Baoshan Iron and Steel Co. Ltd. (Baosteel), China's largest steel maker, will cut steel prices for the first quarter of 2006 in an effort to compete with domestic rivals. Baosteel is rumoured…

The jobs of hundreds of Scottish shipyard workers looked more secure today after it emerged that BAE Systems is set to grab the lion's share of a £3.5 billion carrier contract.It follows…

The Maritime States Development Council (MSDC) in India has decided to invite suggestions and recommendations for setting up of two international size shipyards - one on the east coast and another on…

Bharati Shipyard Limited, one of the largest private sector shipyards in India, has announced that it has completed the acquisition of M/s Pinky Shipyard Pvt Ltd. Following this, the company holds 51%…

Keppel Singmarine has clinched a contract worth $135 million to build six Anchor Handling Tug/Supply (AHTS) vessels for Gulfmark Offshore, Inc. Two of these six 10,700 bhp AHTS vessels of 2,700 dwt…

Alstom has closed the sale of its Power Conversion activity to Barclays Private Equity.Alstom Power Conversion specialises in the supply of systems and equipment which convert electrical energy into mechanical energy, such…

The Viet Nam Shipbuilding Industry Corporation (Vinashin) signed a contract to build a 2,500 DWT container ship for Denmark?s Fabricius marine company. The vessel, worth $4.3 million, is scheduled to be delivered…

Wilh. Wilhelmsen ASA (WW) has placed an order with Mitsubishi Heavy Industries (MHI) for two additional car carriers at the yard in Nagasaki, Japan, for delivery in 2008. The ships will be…

Wärtsilä has been awarded a contract by China's Yantai Raffles Shipyard to supply the main engines, thrusters and associated ancillary equipment for its new offshore semi-submersible platform ?ORS Pioneer?. Wärtsilä is to…