News

Daewoo Shipbuilding has captured a contact for two semi-submersible drilling rigs from Frigstad Offshore Drilling in Singapore at the price of $480 million.They will be delivered on December 2008 and June 2009…

Newfoundland and Labrador in Canada could be the big winner in Ottawa's $1.8 billion plan to replace the navy's aging supply ships, as two of the four consortiums bidding on the project…

Petroleo Brasileiro SA, Brazil's state-controlled oil company, opened bidding on more than $1 billion of contracts to build 26 oil tankers and other vessels as the company boosts its spending on domestic…

The global fleet of LNG tankers needs to expand by 66% by 2010 to meet current and future demand from exporters including Qatar, Australia and Nigeria, according to LNG Shipping Solutions. About…

National flag carrier Shipping Corporation of India (SCI) will sign a contract with Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to acquire two 300,000 dwt VLCCs at a cost of $253…

TOTAL Lubmarine has outlined its position concerning increasing raw material costs and growing shortages of marine lubricants.Andrew Knox, Head of Marketing at TOTAL Lubmarine, says, "Recent events, even before Hurricane Katrina, and…

Ferry passengers travelling between a group of Indian islands in the Arabian Sea will soon benefit from a new high-speed catamaran passenger ferry service. The service will employ three new vessels designed…

Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an anchor handling tug supply (AHTS) vessel for delivery in April 2007. The shipyard…

India and France have signed a $3.5 billion contract for construction of six Scorpene submarines in India. The Indian Ministry of Defence said in a statement that the submarines will be built…

India and France have signed a $3.5 billion contract for construction of six Scorpene submarines in India. The Indian Ministry of Defence said in a statement that the submarines will be built…

MAN B&W Diesel is to supply complete twin-screw medium speed propulsion packages for six 120 tonne bollard pull Anchor Handling Tug Supply Vessels (AHTS). The vessels will be built at the Batam,…

Hanjin Shipping will construct ship repair joint venture in China. The shipping company said that it will invest $ 2 million to secure 50% share of the joint venture. An unknown shipping…

Norway's Eidesvik Offshore ASA group has ordered a second Platform Supply Vessel (PSV) of Vik Sandvik's innovative, superstructure aft AVANT design at a cost of $48.6 million. The new VS493 GASS AVANT…

Talks have started that could bring an end to a dispute that is halting ship repair work at the former Cammell Laird shipyard at Birkenhead. The owner of the site, Reddington Finance,…

Wärtsilä Corporation has been awarded contracts with a total value of above 50 million EUR, by Keppel FELS Ltd in Singapore for 32 diesel generating sets to power four jack-up rigs and…

Farstad Supply AS, a wholly owned company of Farstad Shipping ASA, has signed a contract with Aker Langsten AS, Tomrefjord, in Norway, for delivery of an anchor handling tug supply vessel (AHTS)…

Daewoo Shipbuilding has developed a new scaffolding system for LNG tanks. The ever increasing orderbook for LNG carriers had led the shipbuilder to develop the new scaffolding for which a patent has…

ET Marine in the UK has launched its own air quality monitor to measure sulphur dioxide (SO2) emitted by ships? engines ahead of a new IMO technical code for the emission of…

The American classification society, ABS, has broken through the 120million gross ton mark to establish a new all time fleet record. ABS has benefited from the current active newbuilding market and a…

Nippon Yusen K.K., the largest Japanese shipping line, plans to order 20 new LNG carriers by 2010 and use five or six tankers for spot contracts, a change in strategy that may…

Singapore-based SembCorp Marine has secured a $144 million rig building contract from Norway's Awilco Offshore ASA. Under the deal, PPL Shipyard will construct a deep drilling offshore jack-up rig. Construction of the…

Aker Yards has signed a contract with Island Offshore VI K/S, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 776 E platform supply vessel. The value…

The Japanese government is interested in building a 4000-tonne slipway in Fiji next year, a project that is expected to save and generate millions of dollars for the Fijian government. The nation's…