News

Nakagawa Bussan in Japan placed an order for two 11,200DWT chemical tanker with STX Shipbuilding at a cost of $ 44 million. Ship particulars are 116.5m in length, 20m in breadth and…

The Board of Aker Finnyards has taken measures to make its Helsinki yard one of the most cost effective yards for building ferries in the industry. The former Kvaerner Masa Yards site…

The US Navy?s Office of Naval Research unveiled its new advanced electric-ship demonstrator ship, ?Sea Jet?, for the first time. The ship will test Rolls-Royce patented AWJ-21 water jet technology over the…

The future of the birthplace of Solidarity, the Gdansk Shipyard of the Grupa Stocznia Gdynia (SG GSG) continues to remain unsure. The state plans to merge it with several other shipyards and…

Todd Pacific Shipyards in Seattle, Washington, has leased the US Navy?s floating dry dock ?Resolute? after winning a bidding process last year. The lease is for a 20 year period and Todd…

Marine engine distributor Cummins Diesel SA has launched the first phase of a coast-to-coast programme to expand and upgrade its maritime industry support base. An enlarged customer service and fast-reaction support operation,…

DNV has won the lion?s share of Qatar?s second batch of LNG ship orders. Seven of twelve very large gas carriers ordered for the Ras Gas III project will be built in…

The first two of the latest Sulzer RT-flex50 common-rail marine engine type developed by Wärtsilä Corporation, have successfully completed official shop tests and class type approval tests at Wärtsilä's licensee Diesel United…

?Iran Bojnurd?, the second of six Panamax bulk carriers ordered by Iran from the Chinese shipbuilder Jiangnan Shipyard, has been launched in Shanghai. The first of the ordered ships, named ?Iran Tabas?,…

Russe, the Bulgarian shipbuilder, recently launched its latest newbuilding. Ordered by the German ship owner, Briese Schiffahrts, the ?Ditzum? is a dry cargo vessel measuring 100m long and 14m wide and is…

Cosco in China is rumoured to place new order of two 76,000DWT bulk carriers with a local shipbuilders at a price of $35.25 million each for delivery in 2008. In addition, P.…

There are three ultra-sized cruise vessels for Royal Caribbean Cruises in Aker Yards“ orderbook and the first of them, "Freedom of the Seas" was floated out today in Finland. "Seeing a new…

Hanjin Heavy Industries had its profit reduced for the first half this year. The shipbuilder earned $1.05 billion in turnover compared with $870 million during the same period last year. The Busan-based…

The Singapore-based ASL Marine Holdings, an integrated marine company with shipyards in Singapore and Batam, Indonesia, has today announced that it has entered into contracts with several subcontractors and supplier to expand…

Daewoo Shipbuilding has declared its intention to enter into foreign oil filed development. The shipbuilder said that it will participate in the Korea Oil Corporation led consortium which is involved in oil…

Shinsung Shipping in South Korea placed an order for five 6,700DWT steel carriers with Mokpo Shipbuilding for delivery by 2007. Shinsung said that the new order is to cope with increasing demand…

American defence contractor Halliburton is selling its controversial offshore facility in the north of Scotland. Its UK subsidiary, Kellogg Brown & Root (KBR), confirmed it had put the site at Nigg in…

Sealion Shipping?s subsidiary, Toisa, has placed an order with the Wuchang Shipyard in China for the building of three very large DP platform supply vessels. These three new vessels are to be…

Solstad Offshore ASA has entered into an agreement with Ulstein Verft AS to build a large construction service vessel. The new vessel will have a length of 130 m and width of…

Aker Yards has signed a contract worth approximately NOK 150 million with Olympic Shipping to build a Platform Supply Vessel of the MT 6009 design, a Marin Teknikk design, at a cost…

Asia's major shipyards and international shipowners are heading for a clash, as the latter appear reluctant to place new orders unless prices go down. Shipyards, on the other hand, have no intention…

It has emerged that the Clyde-based Ferguson shipyard reportedly went to great lengths in its failed bid to win a vital contract from the Scottish Executive. The closure-threatened Port Glasgow yard made…