News

The Arab Ship Building and Repair Yard (ASRY)in Bahrain has formed a new operating company to be called ASRY Offshore Services, (AOS). ASRY has over recent years seen a rapid growth in…

The new year has brought good news to JCMC (Jotun COSCO Marine Coatings). Earlier this year in January, JCMC signed a paint contract for 80 vessels to be built at Dayang Shipyard.…

Dae Sun Shipbuilding & Engineering (DSSE) has cancelled a contract with an unidentified Asian shipowner for the construction of six 32,000-dwt bulkers plus two on option. It blamed the owner's failure to…

South Korea?s Hanjin Heavy Industries needs 40,000 workers over the next few years to construct and operate their $2 billion shipyard in Tagoloan, on the island of Mindanao in the Philippines. "Hanjin…

State-run Shipping Corp. of India Ltd (SCI), the county?s biggest shipping firm by fleet size and revenues, is in talks with South Korean shipbuilder STX Shipbuilding Co. Ltd for a joint venture…

Aker Yards and Royal Caribbean Cruises Ltd (RCCL) have reached an understanding regarding the basis on which RCCL will order a fourth ship in the Freedom class, currently the world's largest cruise…

In a new phase of its major fleet expansion, freight-only specialist Seatruck Ferries in the UK has placed an order for four new generation ro-ro vessels with the German shipbuilder FSG (Flensburger…

Flensburger Schiffbau-Gesellschaft (FSG) further strengthens its leading position on the RoRo market by securing two contracts for the building of seven ships in total. As a result of these new orders, production…

Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has received two orders valued at KRW 570 billion ($602 million) to build eight vessels, including four petrochemicals carriers.

German-based Beluga Shipping GmbH says fuel savings achieved by using a kite propulsion system during its first ever commercial voyage are in line with expectations, and that it anticipates increased efficiencies in…

Major container shipping lines that are embarking on slow steaming schemes to cut fuel cost have come up against obstacles preventing them from reaping the full benefits. Several major container shipping lines…

An undisclosed Norwegian owner has become the first shipowner to use BIMCO?s newly launched global shipbuilding contract, which is believed to have been signed this month with a Chinese yard. Under the…

Hyundai Heavy Industries (HHI) has clinched a $1.6 billion deal to build an oil platform in Nigeria. The deal with Elf Petroleum Nigeria Ltd., a subsidiary of France-based Total SA, calls on…

Höegh LNG and CB&I Lummus have concluded a strategic and exclusive agreement for the next phase of Höegh LNG's FPSO project. The agreement formally ties the parties for a period of 2…

Seattle based naval architecture firm Guido Perla & Associates, Inc. has signed a contract with Paris-based Bourbon to deliver the concept design, regulatory package, and final design for 10 GPA 696 IMR…

ABG Shipyard in India has delivered a new Anchor handling tug supply (AHTS) vessel `Lamnalco Mallard` to the owner Lamnalco Group, UAE. The newbuilding is the third vessel to be delivered to…

Cammell Laird shipyard in England has landed its largest contract since it was reborn seven years ago. The Birkenhead yard has won a £28m Ministry of Defence (MoD) contract to overhaul Royal…

When state-run Cochin Shipyard Ltd delivered the sixth and last of a series of bulk carriers built for Denmark's Clipper Group late last year, it achieved a first for the Indian shipbuilding…

Samsung Heavy Industries (SHI) has signed a $160m contract with Gulf Energy Maritime (GEM) for the construction of two high specification LR2 double-hulled Aframax tankers. Upon delivery by end 2011, the two…