News

Mitsubishi Heavy Industries (MHI) has signed an agreement under which it will license its low-speed diesel engine technology to Vietnam's state-owned shipbuilding company.Under the agreement, MHI will provide Vinashin with the licensing…

Hyundai Heavy Industries (HHI) achieved a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the…

Samsung won an order for three 70,000DWT ice breaking tankers from Sovcomflot. The newbuildings will be able to break ice going either ahead or astern. Total contract price is $ 430 million.

Maersk is poised to tighten its stranglehold on container shipping with a new generation of container ships able to carry up to 15,000 TEUs, according to Paris broker Barry Rogliano Salles. The…

MSC Cruises has confirmed to ALSTOM a contract for the construction of two 1,650 cabin cruise ships, following a letter of intent signed last June. These newbuildings will be the largest ever…

Germanischer Lloyd (GL) has bought a stake of 75% in Ms Logistik Systeme (MLS), a Rostock software company which plans, develops and markets program modules for highly efficient vessel management. Employing 14…

Kawasaki Heavy Industries (KHI) announced that its subsidiary company Kawasaki Precision Machinery Ltd (KPM) has completed the construction of a new ship rudder plant in Uiryeong, South Korea. KPM?s rudder business in…

The city of Xiamen in China announced that it will develop shipbuilding and ship repair business by 2015. According to Korea Trade-Investment Promotion Agency?s branch office in Xiamen, the city will secure…

Hurricane damage to Northrop Grumman's Mississippi and Louisiana shipyards tops $1 billion and company officials claim production delays could cost the defense contractor millions more. The Pascagoula shipyard had been inundated by…

Nexans, a major global player in the cable industry, has entered into an agreement with Bourbon Cable AS, a subsidiary of Bourbon Offshore Norway AS, securing control of the specialised cable layer…

The provision of adequate waste reception facilities at ports, and the technical and practical matters associated with it, requires attention in the future, agreed the Industry Reception Facilities Forum at its fifth…

Aker Yards has confirmed an optional agreement with Volstad Shipping AS, Ålesund, for the building of a Platform Supply Vessel (PSV) worth approximately NOK 250 million. Delivery is scheduled for September 2007…

Austal Shipping, the West Australian shipbuilder, has delivered two more fast ferries to the Guadeloupe ferry operator L?Express des Iles. The first newbuilding named ?Silver Express?, will carry 360 passengers and 10…

Hyundai Heavy Industries in Korea has unveiled its strategy to enter the Chinese ship market. The Korean shipbuilder will spend $14 million to construct research and development centers in Beijing and Shanghai…

Iran's shipbuilding company Sadra Group will build four cargo ships, worth $118 million, for the German-based Rickmers shipping company. The 24,000 dwt newbuildings have been purpose-designed for the carriage of break-bulk, heavy…

A Korean shipbuilding company plans to set up a $1-billion shipyard in Subic Bay, on the west coast of Luzon Island in the Philippines, and hire 20,000 shipbuilders in adjacent communities in…

Korea Line has placed an order for a Capesize bulk carrier costing $ 70 million. The shipping company declined to give shipbuilder?s name and ship size but said that the order is…

Wärtsilä was awarded a contract from Bijlsma Shipyard in Lemmer, Netherlands, to deliver propulsion plants for two 350 TEU container feeder vessels ordered by the Dutch VeKa Group For each vessel, Wärtsilä…

Wärtsilä has been awarded the contract to deliver six Wärtsilä 32 diesel engines with a combined power of over 40 MW for the world's largest oil drilling ship which is being built…

The Indonesian shipbuilder PT PAL will cooperate with the Surabaya Institute of Technology (ITS) to build corvette warships using technology similar to stealth aircraft technology. The cooperation was conceived under a Ministry…

A new bilateral agreement that extends the long-standing agreement on cooperation between ABS and the Russian Maritime Register of Shipping (RS) has been signed by the two societies in St Petersburg, Russia.…

Color Line has signed a Letter of Intent with Aker Yards for the building of two new ships for delivery in 2007 and 2008 respectively. These ships represent a new type of…

Wärtsilä diesel-electric propulsion plants of 11.5 MW have been ordered for two heavy-lift transport vessels to be converted for Fairmount Heavy Transport NV, an associated company of the Rotterdam-based towage contractor Fairmount…