News

NYK has taken delivery of a new LNG vessel, Grace Cosmos, which is equipped with training facilities for cadets. It is the first vessel in Japan with such cadet-training facilities. The first…

Brazilian mining giant Vale is set to recast the world?s seaborne iron ore trade, with the confirmation of an order for 14 giant bulk carriers worth as much as $2 billion. The…

Hyundai Mipo Dockyard Co., a unit of Hyundai Heavy Industries, has won orders worth a combined 330.7 billion won ($316.6 million) to build eight bulk carriers. Under the contract signed with Asian…

Aker Yards Marine Inc. (AYM) has joined the team assembled by BMT Fleet Technology Limited that has been awarded the definition, engineering, logistics and management support (DELMS) contract for the Canadian Arctic…

The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial…

Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm…

The chief executive of Excel Maritime Carriers has called into question the financial health of a new shipbuilder, Korea Shipyard Co. Excel bought out Quintana Maritime and in the process took over…

Norwegian offshore operator DOF ASA has awarded Tebma Shipyards Limited in India a contract for the construction of a new multi-purpose service vessel (MPSV). The NOK250m vessel will be of the design…

Petroleo Brasileiro SA (Petrobras), the state controlled oil producer in Brasil, plans to order 40 drilling ships and platforms worth about $30 billion for delivery by 2017. The deep-water drilling ships and…

An important step forward has been taken by two major players in the marine, oil and gas industries which will provide enhanced competitive and flexible solutions to the offshore industry. Building upon…

Daewoo Shipbuilding & Marine Engineering Co. has recently won a 1.44 trillion won ($1.37 billion) deal to build two drill ships. The deal from an American customer calls for the Korean shipbuilder…

Davie Yards Inc. in Canada said that the former Davie Shipbuilding complex it took over in Lévis early last year now boasts a complement of 900 and the workforce will rise further…

The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard…

A tripartite agreement has been signed between a Bangladeshi firm and two Danish firms to provide necessary training to Bangladeshi workforce in shipbuilding sector. Officials of the Bangladesh shipbuilder Western Marine Shipyard…

Ulstein Design AS in Norway has agreed with Guangdong Machinery Imp. & Exp. Co., Ltd (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60…

UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have…

Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry…

Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's…

Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third…