News

The OECD said negotiations between 26 governments on an agreement to tackle market-distorting measures in the shipbuilding industry have been halted. The negotiations, involving OECD members and non-member countries which together account…

Keppel Singmarine in Singapore received orders for four offshore support vessels(OSVs) and two tugboats for about $46 million. The vessels will be progressively delivered to their owners up to first half of…

Cunard?s ?Queen Mary 2? (QM2) will arrive in Hamburg at Blohm + Voss Repair GmbH on November 8 for maintenance and repair work. The QM2, which was built in 2003, will go…

Italian classification society and certification group RINA and the China Classification Society (CCS) have joined forces to deliver quality management system expertise to small and medium-size Chinese shipyards which intend to build…

MOL will be undertaking an aggressive expansion of its tanker fleet, including introduction of the newest double-hull MR-type 1 product tankers. The move is part of MOL?s mid-term management strategy calling for…

Korean shipbuilders and POSCO, South Korea?s largest steel maker, are on a collision course over the price of steel sheets used for building ships with the low-priced Chinese products set to make…

Wärtsilä Corporation and Mitsubishi Heavy Industries Ltd (MHI) have signed an agreement for a strategic alliance in the field of two-stroke diesel engines.The two companies will share their resources and experience for…

Offshore supply vessels (OSV) service company Garware Shipping Corporation is planning to acquire three Platform Supply Vessels (PSV) at a cost of $62.3 million. These newbuildings will be deployed to support offshore…

The world largest oil tanker owner, Frontline Ltd of Norway, is planning to branch into ownership of floating production, storage and offloading (FPSO) vessels according to Frontline Management's managing director Oscar Spieler."We…

Guangzhou Shipyard snaps up two 38,500DWT product carriers from Pancoast in Greece for delivery in March and July, 2008. They will be built as Boston beam size.Wuchang Shipyard has won three platform…

Aker Yards and the German TT-Line have signed a contract for retrofitting of four passenger-car ferries. The retrofit means renewing the vessels fuel systems to be more flexible and conforming to today?s…

Scotland will get the lion?s share of the Royal Navy?s new £4 billion aircraft carrier contracts in a decision that will determine the future shape of the British shipbuilding industry and will…

NQEA in Queensland, Australia, has finalised the $7 million sale of its Queensland Marine and Industrial (QMI) to Brisbane-based Viking Industries. NQEA has now sold QMI, trading as Cairns Slipways, as well…

Carnival Corporation has assigned a previously ordered 112,000gt cruise ship to its Carnival Cruise Lines brand. The 3,006-passenger ship, to be built by Italian shipbuilder Fincantieri, is expected to enter service in…

Aker Drilling has awarded Aker Kvaerner a turn-key contract for the delivery of two sixth-generation deepwater drilling semi-submersibles with an option for another two rigs by 2010. The two drilling rigs are…

China has expressed its strong interest in having a widespread presence in investment projects in Iran, of which, a shipbuilding complex contract in Qeshm Free Trade Zone (QFTZ) will soon reach the…

Daewoo Shipbuilding & Marine Engineering received a $500million order from Norway's Seadrill to supply a semi-submersible oil drill facility. Under the deal, the buyer can place two additional orders for drill facilities,…

The domestic shipping industry will require US $2 billion to replace the existing fleet older than 20 years. The current capacity of all the fleet stands at 8.3 million Gross Tonnage (GT)…

Spanish shipbuilder Navantia is rapidly progressing the construction of its new generation amphibious ship that will be considered by the Federal Government as part of the A$2 billion amphibious ships project.Defence Minister…

Keppel FELS Limited has secured a contract to build a semi-submersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated. The total project value is approximately $312 million and is…

A firm claiming to be the first joint enterprise between a domestic shipyard and foreign enterprise to make ship equipment has been established. A new Chinese company called TTS Bohai Mechanical Equipment…

A subsidiary of SembCorp Marine, PPL Shipyard, is acquiring the Texas-based Sabine Shipyard. No financial details were disclosed. Sabine is a 223-acre shipyard located on the Gulf of Mexico with immediate access…

Carnival has assigned a yet-to-be-built 116,000gt cruise ship to its UK-based unit P&O Cruises. To be built by Italian shipbuilder Fincantieri, the new Ventura is scheduled to enter service in spring 2008,…