News

The Ministry of Labour and Social Security in Turkey announced on Tuesday that three shipyards in Istanbul?s Tuzla district, the site of numerous work-related fatalities in recent years, have been shut down…

Havila Shipping ASA has entered into a contract with Havyard Leirvik for the construction of an offshore IRM (inspection, repair and maintenance) vessel, Havyard 855. The vessel is developed by Havyard Maritime…

Aker Yards has delivered a "superspeed" day ferry for Color Line Transport AS. The vessel built at the Rauma yard in Finland is the first in a series of two. The second…

Last year, Singapore-based Jurong Shipyard exited its joint venture in Maua Jurong, near Rio de Janeiro, and had signed a memorandum of understanding with WTorre Empreendimentos Imobili?rios to establish a yard in…

South China's Jiangmen Yinxing Shipbuilding has plans to invest CNY 228m ($31.9m) to build a 50,000-tonnage shipbuilding addition to the current yard. The 15 hectare expansion is scheduled for completion by 2010…

Bangladesh will enter the international shipbuilding market when the country one of the biggest shipyards in the country, the Chittagong-based Western Marine Shipyard Ltd, will deliver next week two 4,100 dwt dry…

COSCO Shipyard Group's (CSG) main shareholder, Cosco Corp, has plans to buy foreign ship repair yards as China is getting too expensive. CSG itself has become a major shipbuilder bagging $6.6bn of…

Mitsubishi Heavy Industries (MHI) announced that the 1,200-ton goliath crane installed at the Koyagi plant of its Nagasaki Shipyard became operational this week. The crane is the largest in Japan today and,…

Odfjell's 49% owned joint venture company Odfjell Dong Zhan Shipping (Shanghai) Co. Ltd, has signed a contract for the building of an 8,200 dwt chemical tanker. The ship is a fully coated…

Jan De Nul Group has placed an order with Tianjin Xinhe Shipbuilding and Heavy Industry in China for the construction of two 3,400m³ hopper dredgers. In addition, the company has agreed an…

Wilh. Wilhelmsen (WW) and Wallenius Lines (OW) have placed orders with Hyundai Heavy Industries to build four new large car and truck carriers (LCTC). In addition, both shipowners have also ordered four…

Singapore-listed Cosco, majority-owned by China Ocean Shipping (Group) Co, said its 2007 net profit climbed to S$336.6 million ($239 million), from S$205.4 million a year ago, a 64 % increase.The company said…

A Korean company Might&Main has shown interest in buying two Croatian shipyards in the northern Adriatic. The company has sent its representatives to request additional information on the state-owned 3. Maj shipyard…

China's Sinopacific Group subsidiary Zhejiang Shipyard has signed a contract with French shipowner Bourbon for the construction of 10 offshore vessels, for delivery during 2010 and 2012. The vessels will each be…

In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for…

Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan…

Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya.…

Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk (Greenland) to build two ice-strengthened container ships for arctic operation. The contract confirms Aker Yards' position as the…

The Russian bank Vnesheconombank will be financing the construction of an 18 billion-ruble ($733 million) shipbuilding complex in St. Petersburg owned by billionaire Sergei Pugachyov.The state-owned bank signed an agreement last week…

Aker Yards ASA has dismissed a Finnish media report claiming the construction of the world's two largest cruise ships is in danger of falling behind schedule. An Aker Yards' spokeswoman said the…