News

Hyundai Mipo Dockyard has received an order valued at 433 billion won ($464 million) from an Asian shipping company to build 10 chemical product tankers. The vessels will be delivered by April…

Ulstein Design has signed contracts with the Spanish shipyard Astilleros de Sevilla to deliver design and equipment packages for two Ulstein PX105 platform supply vessels. The ships will be built for the…

The Shipping Corporation of India (SCI), India?s largest liner shipping company, plans to start building ships and is currently in talks with private shipbuilders at home and abroad for a shipyard project…

Italy's deputy transport minister Cesare De Piccoli said the idea of a merger of Aker Yards ASA with Italy's state-owned shipbuilder Fincantieri SpA is gaining industry and political support. Aker Yards management…

South Korean shipbuilder C&Heavy Industries has won a 99.5 billion won ($106.2 million) order for two bulk ships from an unidentified European company. Both newbuildings are scheduled for delivery by September 2011.

Shanghai Waigaoqiao Shipbuilding (SWS) has won the contract to build China?s first deepwater drilling rig for China National Offshore Oil Corporation (CNOOC) with ABS awarded classification. The rig will be the first…

A year after the Miami-based Yachts of Seabourn announced that it would build two new ultra luxury ships, it has exercised the option for another 32,000 gt cruise ship. Advance booking activity…

Rio Tinto, the world's second largest iron ore mining group behind Brazil's Vale, plans to order three very large ore carriers (VLOC) to transport iron ore from Pilbara in Western Australia to…

Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has won tow orders valued at 284 billion won ($302 million) to build six petrochemical carriers. The contracts with a European shipping company…

China's Cosco Shipyard Group and Jiangsu Lianyungang Port Co. Ltd. have formed a 60/40 joint venture company called Cosco Lianyungang Shipyard Co., Ltd which will be a subsidiary of Cosco Shipyard Group.…

Dubai Drydocks is planning to invest $200 million this year for acquisitions and joint ventures to maintain its leading position in the ship-building industry in the Middle East. Last year in July,…

Jurong Shipyard, part of SembCorp Marine in Singapore, entered into a $280.5 million contract with Atwood Oceanics Pacific Ltd to build a semi-submersible drilling rig. The contract with the subsidiary of Houston-based…

Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed…

ABG Shipyard in India is planning to enter the ship repairing business by acquiring the ailing Western India Shipyard in Goa and turning it into a ship repairing yard. "There are no…

The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value of the agreement is close to EUR 6 million,…

China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from…

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard,…

The government of Pakistan is seeking advisory services from internationally qualified firms led by a reputable international financial institution/investment bank for development of shipyards at Port Qasim, Karachi and Gwadar Port. Officials…

Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported…

The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding…