News

Daewoo Shipbuilding clinched three 318,000DWT VLCCs from National Iranian Tanker Co at the price of $128 million each with delivery scheduled by October 2009. This is the highest VLCC price achieved for…

Hudong Zhonghua Shipbuilding has won an order for two 75,000DWT bulk carrier from a Greek ship owner for delivery in September and December 2008. Guangzhou Wenchong Shipyard secured two 1,400TEU container ships…

Shanghai-based Jiangnan Shipyard will start construction of a new shipyard on the city's Changxing Island early next month, when the company will be celebrating its 140th anniversary. When completed, the new Jiangnan…

BP's two new double-hulled Alaska Class oil tankers are out of service following discovery of cracks in the rudders of both vessels. A spokesman for Alaska Tanker Co., which operates the ships,…

The Power Conversion Business of Alstom has been awarded a multi-million euro contract by Fincantieri to supply electric propulsion systems for two new cruise ships, one for Carnival Cruises to be built…

Daewoo Shipbuilding will be sourcing its supplies of ultra low temperature valves for LNG carrier from compatriot company Seoheung Metal. Previously, the Korean shipbuilders obtained all its ultra low temperature valves from…

Hyundai Heavy Industries has secured an order for eight tankers from NITC (National Iranian Tanker Company). The contract consists of four 317,000DWT VLCCs and four 164,000DWT Suezmax tankers. Hyundai H.I. will build…

The International Bunker Industry Association (IBIA) has called on the bunker industry to comply with the spirit of Marpol Annex VI in addition to meeting the specific technical requirements laid out in…

Kvaerner Philadelphia Shipyard (KPSI) on Saturday will be christening the Manulani, a 219 metre, 2,600 TEU container ship. The ship is the third of a four-vessel order for Matson Navigation and the…

ThyssenKrupp AG said it has not made a decision on whether it will bid for BAE Systems' German maritime electronics unit Atlas Elektronik. "If you talk to BAE they will say a…

Timor-Leste has become a member of IMO, following its deposit, on 10 May 2005, of an instrument of acceptance of the Convention on the International Maritime Organization, as amended, with the Secretary-General…

Aker Yards has been awarded contracts to build five container vessels of the newly developed type Aker CS 1900. The ships will be managed by NSB Niederelbe Schiffahrtsgesellschaft, in Germany and each…

Aker Yards has signed a contract with the Italian company Augusta Offshore SpA for the construction of an offshore supply vessel to be delivered in January 2007. The contract value is around…

Fesco in Russia has ordered another 1,730TEU container vessel for delivery in April 2008 from Stocznia Szczecinska Nowa in Poland which is already building two similar feeders for the same owner. The…

Xiamen Shipbuilding in China has started to build a new 80,000DWT shipbuilding berth at a cost of $20 million. Due for completion during 2006, it will enable Xiamen to build at least…

China wants to become a motorcar exporting powerhouse, but even if overseas demand for its cars soars, its ambitions may be constrained by a global shortage of car-carrying ships. These PCTCs (pure…

The Port Glasgow yard of Ferguson is facing an empty order book and is hoping to receive a life-saving order for two new link-spans from the private ferry operator Western Ferries. There…

QATAR Shipping Company (Q-Ship) inked the largest deal in its history by signing a letter of intent with Hyundai Heavy Industries, Korea, to build four identical 82,200 cbm very large gas carriers…

Seastate, the Australian supplier of complete motion control solutions to luxury yachts, high speed ferries, military and para-military markets, is now a wholly owned subsidiary of Austal. Seastate will join with the…

Ishikawajima-Harima Heavy Industries (IHI) said its group net balance has swung back into the black for the first time in three years in fiscal 2004 as it cut costs and boosted sales…

EnSolve Biosystems, the US biotechnology company, has received an order from Color Line to install a PetroLiminator 300 biomechanical bilge water treatment system on the passenger ferry Color Viking. The installation on…

BAE, the UK?s major naval shipbuilder, is to spend more than £20 million modernising the Barrow shipyard and also preserving facilities that could be used for a return to surface shipbuilding. The…

Lloyd?s Register (LR) has issued an ?approval in principle? of GE Energy?s LM2500-based gas turbine propulsion system for LNG tankers. Gas turbine propulsion systems have been widely used on naval and cruise…