News

A new generation liftboat with capabilities that will exceed existing craft is due to be delivered later this year to US-based Montco Offshore. The new liftboat is under construction at Bollinger Shipyards…

The UK?s Defence Secretary, has revealed that he wants eight Type 45 destroyers to be built by BAE Systems and VT Group - provided the price is right. Only three of the…

COSCO International Holdings has completed the formation of a new joint venture, Jotun COSCO Marine Coatings (HK) Ltd. (Jotun COSCO). Lin Libing, deputy managing director of the company, said, "We are very…

Ventilation systems on board of ships are covered by new construction rules which have come into force on September 1st. The construction rules contain technical requirements for different ship types and ventilation…

The keel laying ceremony of the new logistic support vessel for the Royal Netherlands Navy took place at Damen Shipyards Galati, Romania. The new 56 metre long vessel will replace the current…

Two container ships for E.R. Schiffahrt were named at the Hyundai shipyard in Ulsan, South Korea. Both are Panamax vessels, each with a container capacity of 2,556 teu. They continue the newbuilding…

A Lloyd?s Register Group company has acquired ?degaard & Danneskiold-Sams?e A/S (ODS), a Danish consultancy specialising in noise, vibration and machinery dynamics. The acquisition will build on the strengths of both organisations…

A dispute between the owner of the former Cammell Laird shipyard and its tenant Northwestern Shiprepairers has led to 32 people losing their jobs. Northwestern vacated the site after failing to reach…

ABB Ltd., the world's biggest maker of power transformers, will spend $100 million in China to open factories and hire as many as 4,000 employees in three years. The company will use…

South Korea's steel giant POSCO has set up its Indian subsidiary to build a 12 million tonne steel plant in Orissa. The company had signed a deal with the Orissa government for…

A contract to guarantee advance-money for the building of six cargo ships for export to Britain was signed between the Viet Nam Shipbuilding Industry Corporation (Vinashin) and the Bank for Investment and…

The Philippine government initiative in 2004 to link the islands of the country through a system of roro shipping, known as the Strong Republic Nautical Highway System, has given local shipbuilders a…

Northwestern Shiprepairers and Shipbuilders has offered £6m to buy the dry docks at the centre of its dispute with landlord Reddington Finance. News of the offer comes as the shipyard group prepares…

A $90 million investment in Western Australia's shipbuilding facilities could generate billions of dollars for the state economy. The funding boost for the Australian Marine Complex (AMC) at Henderson, in southern Perth,…

Shipbuilding on the Clyde has been secured for 20 years thanks to a massive investment in new jobs and training for the next generation of workers. BAE Systems, which will spend £18.5…

Following the recent announcement of Austal being awarded six 16 metre aluminium monohull boats for the Water Police in the Australian state of New South Wales, the same design has found favour…

Daewoo Shipbuilding is rumoured to be building two dry docks in Yantai, China. The plan is to construct a 1 million DWT dry dock and a 300,000DWT dry dock in Yantai, Shandong…

Qatar Gas Transport Co. (QGTC) has enlisted international shipbuilders to construct six to eight LNG carriers at a cost of about $230 million each. QGTC expects to lease each vessel to deliver…

Fuelled by the order boom in international shipping, the tonnage classified by Germanischer Lloyd (GL) has grown to more than 50 million gross tonnage (GT). This is a milestone in the history…

The French marine lubricants supplier, Total Lubmarine, maintains that the marine lubricants industry is facing a new and deepening supply crisis compounded by a period of unprecedented raw material price increases. It…

The Singapore-based offshore services provider, Ezra Holdings, has ordered two new 12,000 bhp multi-purpose anchor handling, towing and supply vessels (AHTS) from Pan-United Marine, a wholly-owned subsidiary of Pan-United Corporation. Delivery is…

Daewoo Shipbuilding & Marine Engineering (DSME) reported that its net income in July declined 34% to $8.1 million from a year earlier. Operating profit fell 58% $9.66 million, with sales declining 30%…