News

Aker Yards has been awarded a contract worth approximately NOK 270 million by Olympic Shipping AS to build an AHTS vessel of the UT 712 L type.Delivery from Aker Brattvaag?s' S?viknes Verft…

Samsung has recently increased its LNG order book with orders from ChevronTexaco and a Japanese shipping company. The US oil major has placed a contract for two plus two dual fuel 155,000…

The Finnish ferry company Silja Line, part of Sea Containers Limited, has signed a letter of intent with Aker Finnyards for two ropax vessels. The value of the two ships is Eur205…

Meyer Werft in Papenburg, Germany, is to build another cruise ship for the US cruise operator Norwegian Cruise Line (NCL) for delivery in early October 2007. The newbuilding is a sister ship…

The Singapore-based shipyard, SembCorp Marine, has posted a 13% rise in first-quarter net profit to $14.5 million. The increase was helped by record oil prices which fuelled demand for the company?s services.…

More than half the workforce at a troubled British shipyard has been made redundant. About 160 of the 240 workers employed at McNulty Offshore in South Shields, South Tyneside, will lose their…

Hanjin Heavy Industries in Korea has won an order for five 4,000TEU container ships from an unidentified European shipowner at a total cost of $365 million. All units will be delivered by…

Hyundai Heavy Industries (HHI) earned a $10 million bonus for sticking to "three strict conditions" laid down the US oil giant Exxon Mobil that had ordered an FPSO from the Korean shipbuilder.…

Jotun, the Norwegian paint manufacturer, has developed an epoxy primer designed for real life use on small maintenance areas. This unique primer, called Jotamastic Smart Pack, is designed specifically for use with…

The Singapore-based IMC Group has signed a joint venture deal with Zhejiang Yongyue Shipping from China during a recent meeting of the Singapore-Zhejiang Economic and Trade Council in Singapore. The 50/50 joint…

The Norwegian shipbuilder and ship repairer Bergen Yards is planning to move some of its production of special-purpose vessels to Bulyard Shipbuilding Industry (BSI), according to Bergen Yards? marketing director Magnus Stangeland.…

Sovcomflot, Russia's largest shipping company, is continuing its fleet re-equipment and modernization programme on the back of the high demand in the energy sector and the capabilities of the Russian shipbuilding industry.…

Daewoo Shipbuilding in South Korea has secured a contract for two 84,000 cbm LPG carriers from the Belgian shipowner Exmar for delivery during fourth quarter 2007 and first quarter 2008. No price…

Over 2.26 million dwt of vessels were repaired by the Arab Shipbuilding and Repair Yard (Asry) during the first three months of the year with all indications that the trend will continue,…

The Malaysian shipbuilder NGV Tech Sdn Bhd is finalising contracts worth $31.6 million to build two fast aluminium boats for an Indonesian client and three logistics (steel hull and aluminium superstructure) vessels…

Norwegian shipbuilding industry is recovering from last year's slump, but Norwegian workers who were laid off are not being re-hired. Instead, the yards are employing cheaper labour from Poland according to local…

Daewoo Shipbuilding & Marine Engineering (DSME) may report losses for the first quarter after steel costs rose dramatically. DSME is expected to report a net loss of $27 million, according to financial…

Dubai-based Gulf Energy Maritime (GEM) has taken delivery of the first of four 65,000DWT ddouble hull Panamax tankers it has on order from Korean shipbuilder, Hyundai Heavy Industries, three months ahead of…

Keppel Kazakhstan, a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract estimated at $150 million from Agip Kazakhstan North Caspian Operating Company (Agip…

Balenciaga shipyard in Zumaya, Spain, has launched the ?Grampian Commander?, the first of four vessels destined for the Scottish port of Aberdeen, where they are to be operated by North Star Shipping.…

The World Trade Organisation (WTO) largely rejected a South Korean challenge against European Union subsidies to shipbuilders, but also admonished the EU in a long-running dispute between the two sides. The WTO…

Experts in China have called on the government to support the expansion of a domestic tanker fleet to cater for burgeoning oil imports. As China becomes a large net oil importer, experts…