News

Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering Co won a $1.54 billion contract to build oil tankers for Oman. The two South Korean shipbuilders will build five tankers each for…

The Indonesian navy has taken delivery of the second of four corvettes ordered from the Netherlands. The 1,600-tonne Sigma-class corvette, named ?KRI Hasanuddin-366?, will join the navy's Western Fleet as a patrol…

Daewoo Shipbuilding and Marine Engineering (DSME) has won a 465.3 billion won ($492.5 million) order to build two LNG carriers for the state-run gas carrier of Brunei.The contract also has an option…

Daewoo Shipbuilding & Marine Engineering (DSME) is to construct a Won162.2bn block facility to speed up construction of its four-year order backlog. Work on the new factory at its Okpo facility will…

The Copenhagen-based AP Moller-Maersk is to dispose of its car-carrying ships to Norway?s Höegh Autoliners in the latest restructuring move. The move will help Höegh in its efforts to expand its fleet…

The Greek shipbuilder Hellenic Shipyards SA, a subsidiary of the German ThyssenKrupp group, has won its first export shipbuilding order in 20 years. The contact is for a jack-up platform or barge…

The fourth double-hulled tanker in Aker Philadelphia Shipyard?s current build program was recently floated off its blocks in the yard?s 1,300 foot long building dock and transferred to the adjacent outfitting dock.…

Austal has signed a contract for four additional 47.5 metre passenger catamarans with Cotai WaterJets (Macao) Ltd, adding to the initial ten-vessel contract signed in 2006 by sister company Venetian Marketing Services…

Hyundai Heavy Industries (HHI) plans to deliver 25% more vessels this year as it increases production to work through almost four years worth of orders. The company delivered 11 vessels in January,…

In an attempt to tap increasing demand for ship engines, India?s largest shipping firm, the state-owned Shipping Corp. of India Ltd (SCI), is joining hands with a few government-run ports to enter…

Samsung Heavy Industries is reportedly nearing a deal valued at $1.32 billion to build two drill ships. The Korean shipbuilder indicated that the contract will be made later in the day with…

Henderson-based shipbuilder Strategic Marine in Western Australia will open its first shipyard in the Americas later this year following a successful joint venture bid with Servicios Navales E Industriales S.A. DE C.V.…

South Korea?s largest construction company, Daewoo Engineering & Construction (Daewoo E&C) has clinched a $443-million contract to build a shipyard in Oman jointly with an Oman-based builder. The ship repair yard is…

American Commercial Lines (ACL), an integrated marine transportation and services company, has entered into a six-year, $100 million, multi-vessel contract with a major customer, to build both liquid and dry cargo barges.…

Mumbai-based Varun Shipping Co Ltd plans to spend $400 million during 2008 to expand its fleet, with focus on the offshore sector as well as tankers and gas carriers, according to a…

COSCO Shipyard Group has received newbuilding contracts worth $422million. One contract for $172 million is to build two shuttle tankers which are slated for delivery in 2010 and 2011. The Chinese shipbuilder…

Gibraltar ship repairer Cammell Laird (Gibraltar) Ltd, which in December 2005 announced a £20 million investment in its repair yard to expand its super yacht activities, has totally changed its strategy. A…

Neste Oil in welcomes the transport biofuels targets and the strict environmental sustainability criteria for biofuels proposed by the European Commission. The Finnish oil company agrees that no feedstocks should be permitted…

Siem Offshore Inc in Norway has, through its 51% owned subsidiary Siem Meling Offshore DA, entered into an agreement to acquire a shipbuilding contract for a large-size PSV vessel. The contract price…

MAN Diesel has added another member to its family of two-stroke licensees with the signing of a contract with Zhenjiang CME Co., Ltd. (ZJCME), the Chinese engine manufacturer. The new licensee is…