News

Hanjin Heavy Industries has developed an automatic vertical welding machine (HW-EG2) which has dramatically reduced welding time. The shipbuilder recently used the new equipment in the construction of an 8,100TEU container ship…

BC Ferries in Canada has acquired the 20-year old ferry, John Atlantic Burr, from the State of Utah, USA, for $200,000. The vessel was extensively surveyed by BC Ferries' engineers prior to…

Leading French carrier CMA CGM has completed the $600 million acquisition of Delmas, previously 100% held by the Bollore Group. Through this transaction, CMA CGM has acquired the Delmas, Otal, Setramar brands,…

DRS Technologies, Inc, , headquartered in Parsippany, New Jersey, was awarded several new contracts with a combined value of approximately $43 million to design and produce power conversion, distribution and control equipment…

Northrop Grumman Corporation announced its Ship Systems sector has put out the call to all its shipyard employees who can return to work at its Pascagoula and New Orleans shipyards to do…

Wärtsilä has won contracts in the beginning of the year for propulsion systems for the seven-vessel Project Protector of the Royal New Zealand Navy. The main contractor for the project is the…

China will manufacture a barge for the Russian Federal Nuclear Agency which will outfit it with the reactor equipment at the Sevmash plant in Severodvinsk located in the Archangels region in northern…

Aker Yards has signed a contract worth approximately $76 million to build a Sub Sea IMR (inspection, maintenance and repair) vessel for ?stensj? Rederi AS. The 108.7 m long and 23 m…

Set up in January 2004, the three year collaborative project funded by the EC and entitled "Pollution Prevention and Control ? Safe Transportation of Hazardous Goods by Tankers" (POP&C) has been researching…

Daewoo Shipbuilding & Marine Engineering, in South Korea, is seeking to diversify its business portfolio for synergy and new growth, industry sources said today. Daewoo Shipbuilding is conducting due diligence on JR…

The European Commission has decided to allow an extension of the delivery date for two product/chemical tankers built at Estaleiros Navais de Viana do Castelo (ENVC), Portugal in derogation from the EC…

Zhoushan Wanbang Yongyue Shipyard in China will be operational soon following government approval for the building of the ship repair facility at a cost of $37.8 million. The shipyard has a 300,000DWT,…

The IMO stressed the need for closer cooperation to enhance security in the Malacca and Singapore Straits. Secretary General, Efthimios Mitropoulus, made the appeal while opening the two-day meeting on the Straits…

Northrop Grumman will resume building Navy ships at its Katrina damaged Gulf Coast yards as early as next week, according to company executives. Operations in Pascagoula, Gulfport and New Orleans represent about…

An unspecified Japanese shipowner has ordered three 10,000 cbm ethylene carriers from INP Heavy Industries in South Korea at a cost of $135 million. They will be built to ice class specification…

The Indian government has approved a 2.4 billion euro order for six French Scorpene submarines, in which Thales and partner DCN have a 1.2 billion euro share. The deal, already cleared by…

Qatar will have the world's largest fleet of LNG carriers within five years, according to Robert Curt, the managing director of Qatar Gas Transport Company (QGTC) which manages the marine interests of…

The Hamburg-based Nordcapital Group can look back on another positive year. With a total investment volume of ?636.2 million, 2004 sets a new company record for earnings. The main focus of investment…

Korean shipbuilders have been leading the global market with competitive prices and timely deliveries for the past decade, thanks to peaceful labour-management relations and sufficient domestic supply of parts and steel plates.…

The recent orders of classification services for six LNG carriers have resulted in an important milestone for Lloyd?s Register (LR): over 100 LNG ships now exist or are being built to LR…

The Chinese government recently ratified the construction of Changxing shipyard, the $3.6 billion shipbuilding complex at the mouth of the Yangtze river which will triple Shanghai?s shipbuilding capacity. First stage of the…

Lloyd?s Register Asia has signed an agreement to establish a joint venture with China Classification Society (CCS) in Beijing. The exclusive agreement was signed by David Moorhouse, Executive Chairman of Lloyd?s Register,…