News

European Union regulators said recently that time was almost up for Poland to make changes to a government rescue package for three ailing shipyards. EU spokesman Jonathan Todd said the Polish government…

Hanjin Heavy Industries & Construction has clinched a contract worth 201.1 billion won ($ 194.4 million) from a European shipping company to build two bulk carriers for delivery by December 2010.

Sembawang Shipyard Pte Ltd, a wholly-owned subsidiary of Sembcorp Marine in Singapore, has secured an S$100 million ($73 million) contract from Dredging, Environmental and Marine Engineering (DEME) to construct a 19,000 dwt…

Aker Yards has signed a contract with DOF ASA for building of three Anchor Handling Tug Supply vessels (AHTS). All the vessels will be of Aker Yards' own design and equipped for…

A Chinese inspector sent by a US ship classification society to a South Korean shipyard has been arrested for allegedly stealing key technology, prosecutors said Wednesday.The 35-year-old unidentified man was arrested on…

Dubai Maritime City, the world?s first purpose-built maritime centre has successfully assembled and functionally tested the world?s largest mobile boat hoist at its facilities. The hoist capable of lifting 720-tonne vessels will…

The Omani government is laying the ground for the development of a huge industrial hub and free trade zone in Duqm, a remote coastal town on the Arabian Sea. Spread on 24,000…

Samsung Heavy Industries will deliver the world?s biggest LNG tanker to Exxon Mobil Corp.?s venture in Qatar in August. The 266,000 m3 tanker, named Mozah, is the first in a 14 ship…

Maersk?s recent orders for 34 containerships could signal a new round of boxship ordering at Korean yards in the second half of this year, analysts are predicting. On the one hand, container…

Chinese shipbuilding has taken another step towards extending its capabilities with news that Zhejiang Kailing Shipyard is embarking on building the country?s first cable-layer for Zhejiang Zhoushan Electric Power Company. The ship,…

Samsung Heavy Industries has received an order to build a drill ship for 739.2 billion won ($705.6 million). The deal with a U.S shipping company calls on Samsung Heavy Industries to deliver…

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a 2nd rig order from Atwood Oceanics Pacific Limited ("AOPL"), a wholly-owned subsidiary of Atwood Oceanics Inc. to build a deepwater semi-submersible…

Rolls-Royce has announced its intention to acquire Scandinavian Electric Holding, a supplier of packages for hybrid and diesel-electric marine propulsion systems. Rolls-Royce will purchase 100% of the equity of the company from…

Shipowners and underwriters are forking out "staggering" amounts for engine damage, a leading marine engineer and casualty expert has warned.Both "man?s inhumanity to machinery" and poor products are to blame, the Society…

Danish tanker and bulker owner D/S Norden AS plans to reduce its carbon dioxide (CO2) emissions this year by 2%. A new report by Norden revealed they have installed monitoring systems to…

The Abu Dhabi-based Al Jaber Group has awarded a $500 million contract to Chinese shipbuilder Jiangsu Hangtong Ship Heavy Industry to build and supply eight bulk carriers. "The deal that was signed…

The Norwegian offshore company Havila Shipping ASA has entered into a contract with Havyard Leirvik AS for the building of a large subsea construction vessel based on a new developed design, Havyard…

Shipping?s lacklustre image is to be tackled head on by the formation of a new globalforum of maritime leaders. Launched at this week?s successful 2nd International Ship Management Summit in Limassol, Cyprus,…

Keppel FELS Limited (Keppel FELS) in Singapore has been contracted to build its proprietary DSS 38 deepwater semisubmersible rig for Bermuda-based Scorpion Offshore Ltd. The contract is subject to the fulfillment of…

Tsuji Heavy Industries plans to spend about 50 billion yen ($472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm?s second shipbuilding facility since it entered this…