News

Pelican Offshore Services Pte Ltd in Singapore (previously known as Penguin Boat International Limited), is to acquire four new anchor handlers scheduled for delivery between the fourth quarter of FY2009 and second…

Sevan Marine ASA in Norway has secured options to build six additional Sevan drilling units (or other Sevan units) with China?s COSCO shipyard group. Sevan is currently building the cylinder shaped ultra…

Some of the maritime industry?s leading practitioners have urged global shipbuilders and suppliers not to let the current shipping boom distract them from what must remain their top priority: the construction of…

Hyundai Mipo Dockyard Co., an affiliate of Hyundai Heavy Industries Co., has won an order worth 163 billion won ($159 million) to build four bulk carriers for an unidentified shipowner in Asia.…

The state government of Gujarat in India has made provisions in the new industrial policy to boost shipbuilding and ship repair industry and is planning to offer special incentives for the sector…

Indonesia?s Pertamina has ordered five 30.000 dwt product oil tankers from China's Zhejiang Chenye shipyard. These vessels will be the first newbuildings ordered by an oil company in South East Asia to…

Engineering and construction company McDermott International Inc. said that one of its subsidiaries has entered into a joint venture with a subsidiary of the state-owned China Shipbuilding Industry Corp (CSIC). The joint…

Following on from compatriot Hanjin Heavy Industries and Construction's foray into the country, Samsung Heavy Industries is identifying potential land in the Philippines in which to expand. Hanjin became the first Korean…

British company Shadotec is working with Wilhelmsen Marine Consultants (WMC) and Petroleum Geo-Services (PGS) on a joint research project investigating the potential of utilising wingsail propulsion for commercial ships. The consortium, backed…

Brazilian engineering and construction giant Odebrecht recently placed an order with Daewoo Shipbuilding & Marine Engineering (DSME) for two newbuild drill ships. DSME unveiled the reported $1.37 billion deal last month, but…

Seadrill has entered into an agreement with Keppel O&M in Singapore to build a new semi-submersible self-erecting tender rig (semi-tender). Total project price for the semi-tender is estimated at $210 million and…

Bollinger Shipyard in the USA has launched the ?Knockout?, the last of ten GPA 654 Platform Support Vessels owned by Rigdon Marine and designed by Guido Perla & Associates in Seattle. The…

Azerbaijan Caspian State Shipping Company (ASCSC) placed a newbuilding order with the Russian shipbuilding company ?Krasnoye Sormovo? (part of MNP Group) to build a 13,000 dwt oil tanker for delivery at the…

Norwegian naval architect firm Vik-Sandvik has confirmed that the Cyprus-based company Norwegian Shipping Ltd (NSL) has declared options for an additional two AHTS at Bharati Shipyard Ltd in India. NSL now has…

Italian owner ILVA Servizi Marittimi Spa has ordered a 300,000 dwt Very Large Ore Carrier (VLOC) to be built at Dalian Shipbuilding Industry in China that will be the largest ship ever…

Dubai-based Polarcus has ordered 6 advanced seismic vessels from Dydocks World-Dubai and all will be classed by DNV. Right technology, right competence, and right timing are just some of the key elements…

Poland has asked the European Commission for several months leeway to work on the privatisation of its shipyards. In early May, the EU executive threatened to demand the return of Polish government…

Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) have won a combined $4.9 billion worth of deals in the past week to build 30 vessels, including oil tankers and…

Aker Yards has delivered a new fast day ferry for Oslo Line AS, part of Color Line. The vessel built at the Rauma yard is the second in the series of two…

Siemens Energy has sold its Napier Turbocharger business, a 100% subsidiary of the Oil & Gas Division, to the investment firm Primary Capital, London. Napier operates in Lincoln, Great Britain, and employs…