News

Russia's Krasnoye Sormovo shipyard based in Nizhny Novgorod on the Volga River (MNP Group) has received an order for three 5,600 DWT tankers from the Panamanian shipping company Argo Shipping International. The…

Taiwan's Evergreen Marine chairman Arnold Wang has confirmed that his company has pulled out of a joint venture with the Chinese government to build a shipyard at Quanzhou in Fujian province. The…

The investigation into the loss of the 4,419 TEU container ship ?MSC Napoli?, which suffered a catastrophic fracture in her hull on 18 January 2007 and had to be beached in Branscombe…

Petroleos de Venezuela SA (PDVSA), the state energy company, took over the government-owned shipbuilder Diques y Astilleros Nacionales CA as part of a plan for Venezuela to build its own oil tankers…

Golden Ocean Group Limited (GOGL) has declared the options to purchase two Kamsarmax vessels at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The 80,000 DWT vessels will be delivered during 2011 and are…

Aker Yards recently delivered a 34,000 gt fast passenger-car ferry named 'Viking XPRS' for Viking Line at a cost of EUR 130 million. The Turku yard built the steel sections which were…

The state-run Korea Development Bank (KDB) said that Goldman Sachs was chosen to manage the sale of Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipbuilder. The KDB and state-run Korea Asset…

The keel of a big cruise ferry was laid in Aker Yards, Rauma on 22 April, 2008. The vessel, built under working name ?Cruise 5?will be delivered to Tallink in spring 2009.The…

Following the recent completion of Australia?s 14-vessel Armidale class patrol boat fleet, Austal has won a contract to build six 30 metre aluminium fast patrol craft for the Government of the Republic…

Executives from leading shipping companies, class societies and shipyards are alarmed by falling construction standards in the rush to meet a record demand for new ships. "We have to do something now…

Sea Trucks' new pipelay/hook-up vessel ?Jascon 25? is undergoing final construction at Kim Heng Marine's shipyard in Singapore. The yard is contracted to build the deck of the pipelayer, while the hull…

Singapore-based Ezra Holdings has taken delivery of an 18,000 bhp anchor handling tug supply (AHTS) vessel ?Lewek Trogon? from Drydocks World Singapore. The newbuild AHTS is equipped with Rolls Royce engines and…

Two multi-year contracts, worth $760 million in total, to upgrade Canada?s 12 Halifax-class frigates are expected to be announced today at Victoria and Halifax shipyards.Victoria Shipyards, owned by Washington Marine Group, will…

Employees at Korea's top three shipbuilding companies receive an annual salary of almost 70 million won according to recent data. Annual salary for workers at Samsung Heavy Industries, Hyundai Heavy Industries and…

Min Keh-sik, vice chairman of Hyundai Heavy Industries, recently said that Russia plans to purchase an LNG ship built with Korean design technology. Although Korea dominates global LNG carrier orders, it has…

Norwegian gas shipper Golar LNG has won a contract worth about $450 million to provide a floating gas storage and regasification unit to Dubai on a 10-year charter. The contract with Dubai…

MSC Cruises has denied rumours that it is actively helping South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) break into the cruise ship construction business. This follows reports in the Italian…

China State Shipbuilding Corporation (CSSC) is looking for a site for its south China shipbuilding base, which could become China's largest shipyard when completed. A CSSC field study group has been scouting…

A few months ago VOSTA LMG was awarded a contract for the delivery of three hopper barges for dredging and marine contractor Van Oord in the Netherlands. During the execution of this…

The hull substructure for the first Aker H-6e semi-submersible offshore drilling rig recently started on a 50 day journey from Dubai to Stord in Norway. Weighing 16,000 tonnes, this is one of…