News

Ulstein Verft has been asked to build an ULSTEIN A102-type anchor-handling vessel for Bourbon Offshore Norway. The contract contains an option for a sistership. This is the first time a vessel of…

For the first time, India?s defense budget will allow the Navy to allocate funds specifically to upgrade state-owned shipyards so that shipbuilding output can keep pace with service requirements. A senior Navy…

Keppel Shipyard, a wholly owned subsidiary of Keppel Corporation Ltd, has secured a FPSO hull conversion contract worth $51million from Marathon Petroleum Company (Norway.The 87,000 dwt multi-purpose shuttle tanker Odin arrived at…

National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, has delivered the Alaskan Explorer, the second of four Alaska-class double-hull oil tankers being built for BP Oil Shipping…

China Merchant Group (CMG) has started the construction of a huge repair facility at Mahoudao, Shenzhen. The 63 hectare repair facility will be completed by 2006 at a cost of $278 million…

As part of its expansion programme, United Arab Shipping Co. (UASC) has signed a contract with Hyundai for eight 6,500TEU container ships in a deal worth about $840 million. The first newbuilding…

Danish owner Stevn, part of the Nordane Group, has ordered two Z-drive multifunction ice class tugs from Irving Shipbuilding's East Isle Shipyards, Prince Edward Island, Canada. The order is worth $15.7 million…

Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build…

The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six…

Korean shipbuilders, including the world?s largest yard Hyundai Heavy Industries, may increase ship prices to an all-time high to compensate for rising steel costs. London-based shipbroker Simpson, Spence & Young said that…

State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson…

Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the…

"In time, forensic technology will be adopted as part of the universal specification of bunker fuels," says John Dixon, managing director of leading fuel-testing agency Lintec Testing Services. "As fuel testing technology…

Hanjin Heavy Industries in South Korea has installed a 3,000 tonne lift gantry crane built by IHI in Japan. This new crane is needed to cope with newbuilding demand of 10,000TEU container…

Wärtsilä Corporation and the BLRT Grupp of Estonia have agreed to set up a joint venture to service ships in the Baltic area. The new company will be named Oü Ciserv BLRT…

Napa Ltd and Lloyd?s Register(LR) have signed a landmark contract to extend the use of NAPA, Napa Ltd?s ship modelling software package. LR has adopted the NAPA system for statutory compliance calculations…

Norwegian Cruise Line (NCL) has invested in PC Rembrandt, the latest development in ship-handling and manoeuvring simulation. Developed by BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), PC Rembrandt Version…

ABS continues to be at the forefront of technical standards for gas production at sea and transport technologies with its approval in principle (AIP) of a novel concept from ABB Lummus Global…

Keppel Corp, the Singapore conglomerate, wants to add to its global network of shipyards which currently spans to as far as the Philippines, the Middle East and BrazilThe company had already been…

Shipping Corporation of India (SCI), the country?s largest shipping company, has announced plans to buy 18 new ships at a cost of nearly $1.5 billion, company?s chairman and managing director P K…

The chairman of Fiji Ships and Heavy Industries will look into allegations that the shipyard turned down work last year because its workers were inefficient and unproductive. Deputy chairman Hari Pal Singh…

Irish Sea freight ferry operator Seatruck Ferries has ordered two new ro-ro freight ferries from Spain's Astilleros de Huelva. When they enter service in 2007 they will be able to move 130,000…