News

The German group ThyssenKrupp sees no reason to join further consolidation attempts of the European naval shipyard industry. "There is no reason at all to press forward with the further consolidation of…

Jurong Shipyard in Singapore, a subsidiary of SembCorp marine, has won a contract from Cyprus-based Seatankers, a John Fredriksen vehicle, worth $780 million to build two ultra-deepwater semi-submersible drilling rigs. The rigs…

Primorsk Shipping Corporation (PRISCO) has ordered two more 104,000DWT ice classed tankers from Hyundai Heavy Industries. DNV will class the newbuildings which will be delivered in 2008.

South Korean shipbuilder Hyundai Mipo Dockyard has secured a $217.8 million order to build four chemical tankers from a company based in Dubai. The tankers, ordered by Gulf Navigation Group, will be…

Dubai Aluminium Company (Dubal), one of the world?s largest aluminium producers, has entered into a 10-year chartering agreement with Gearbulk for the world's largest liquid pitch supply vessel with deadweight of 15,000…

The Arab Shipbuilding and Repair Yard (Asry), in Bahrain, is going ahead with a $15 million expansion, entailing the construction of three new berths, each 140 metres long, and will greatly enhance…

Wilh. Wilhelmsen ASA (WW) has reached agreement on acquiring 90.4% of the shares in Norway?s Unitor group. This acquisition accords with WW?s strategy of developing its Wilhelmsen Maritime Services(WMS) subsidiary into a…

The MAN B&W Diesel Group and the China Shipbuilding Industry Corporation (CSIC) agreed upon comprehensive cooperation with regard to the development and production of large diesel engines. The frame agreement, which was…

Aker Yards has been awarded contracts to build four container vessels for König & Cie. GmbH und Co. KG in Hamburg. The vessels are of the type Aker CS 2700. The total…

China Shipping Development Co. said its parent company is considering a restructuring that could involve spinning off its dry bulk cargo operations into a separately listed company. In a legal notice responding…

Following a detailed review and tender process, Austal has been has been awarded a contract for the design, construction and supply of six 16 metre aluminium monohull vessels for the Water Police…

The MAN B&W Diesel Group, Augsburg, will supply a total of 10 medium-speed diesel engines to the German shipbuilder Meyer Werft for two more cruise vessel newbuildings of Norwegian Cruise Line (NCL).…

Daewoo Shipbuilding and Marine Engineering (DSME) is likely to be sold to a local buyer following a decision by South Korea?s government to sell its controlling stake in the shipyard. The deal…

Hyundai Mipo Dockyard wins four 46,000DWT product carriers from Gulf Navigation Group at a cost of $54 million each. Delivery is scheduled by April 2009.

Hundreds of jobs will be created in Decin, Czech Republic, where Hudong-Zhonghua Shipbuilding Group of China wants to invest CZK 1.3 billion ($52.5 million) to extend shipbuilding production at the Ceske Lodenice…

The European Commission is investigating claims that three Polish shipyards are being supported by government subsidies, in breach of EU competition rules. Scottish Office Minister David Cairns said UK Trade Minister Alun…

Two new 2,824 TEU feeder container ships for E.R. Schiffahrt were named at Hyundai shipyard in Ulsan, South Korea. These newbuildings named ?E.R. Malta? and ?E.R. Malmo? are part of the current…

The US Navy hopes to test a new catamaran design capable of sailing at speed through stormy seas and landing on hostile beaches by putting it to work ferrying commuters from the…

Hyundai Mipo Dockyard in South Korea launched its first two ships from No.1 Dock which was converted for newbuildings earlier this year. The newbuildings involved are a 52,800DWT product carrier (Hull No.…

Teekay Shipping and Connexion by Boeing, a business unit of Boeing, announced the signing of an agreement that makes Teekay the international launch customer for the Connexion by Boeing Maritime Service. The…

On 13 June, the ceo's of the members of IACS met to discuss the progress of IACS?s common rule developments for oil tankersand bulk carriers, and agreed that: 1. The implementation date…