News

Now that a massive defense spending bill has been passed in the US, the Navy is supposed to have enough money to buy one new littoral combat ship (LCS) this fiscal year…

An EU clean fuels pilot project is underway to promote the use of LNG as marine fuel for ships. Hopes are high for the Marine Fuel Gas Logistics project (Magalog) to take…

Norwegian naval architects Multi-Maritime has announced that Riise Underwater Engineering (RUE) and Simon M?kster Shipping have ordered a second Multi Maritime-designed multi-purpose offshore vessel. The vessel will be built at Westcon in…

Daewoo Shipbuilding & Marine Engineering Co in South Korea has secured an order worth $604 million to build four very large crude oil carriers for a Middle Eastern client. It did not…

Rousse Shipyard in Bulgaria has enough orders to operate at full capacity through the end of 2010, according to managing director Ignat Traikov. The order book contains orders from German and Dutch…

South Korea???s Posco is preparing to expand overseas and overtake Nippon Steel of Japan as the world???s third-biggest steelmaker by using its groundbreaking Finex technology. This revolutionary steel- making process is based…

India's largest engineering and construction firm Larsen & Toubro Ltd (L&T) is negotiating with global shipping fleet owners to build ships worth over $1 billion, but the company cannot finalize these orders…

ECI Partners LLP (ECI), the UK mid-market buyout specialist, has acquired Kelvin Hughes in a ?£52m transaction out of Smiths Group plc, the UK listed technology company. Kelvin Hughes is a leading…

The Russian prime minister Viktor Zubkov has expressed concern over a slow reform of the civilian ship building industry at a meeting of the cabinet on Thursday. ???The civilian ship building industry…

The Dutch tug operator Smit has signed a contract with Damen Shipyards for 11 new vessels. Two tugs, type ASD 2810, are replacements for the harbour towage fleet in Rotterdam and will…

Tokyo LNG Tanker Co., a wholly-owned subsidiary of Japan's top gas distributor Tokyo Gas Co Ltd, has ordered an LNG tanker from Kawasaki Shipbuilding Corp, a unit of Kawasaki Heavy Industries, for…

Facing bankruptcy, the historic Gdansk shipyard has a buyer in one of Ukraine???s largest business groups, the Industrial Union of Donbas. However, new complications are tying up the sale. The Ukrainian group,…

India-based Bharati Shipyard has bagged an order for two Rolls-Royce designed UT 755LN platform supply vessels from Opielok Bereederungs of Germany. The total price of each vessel is $26.50 million totaling $53…

Cosco Shipping Co Ltd of Guangzhou, China, has signed a contract for two large semi-submersible heavy-lift newbuildings with Guangzhou Shipyard International for delivery in September 2010 and March 2011. This is the…

The Singapore unit Greatship (India) Ltd, a subsidiary of Mumbai-based Great Eastern Shipping Co (GE), had signed a contract for two new multi-purpose platform supply and support vessels. The contract has been…

Diversifying services from its core business of leasing out ships for oil and gas exploration, Garware Offshore Services Ltd in India is acquiring a construction barge from a Chinese shipyard for $25…

Incat Crowther has completed negotiations for the design and construction of a 32m catamaran ferry for Ishigaki Dream Tours in Japan. The vessel will be built by Richardson Devine Marine at their…

The South Tyneside engineering company McNulty is planning to open a shipyard in India. The McNulty yard in the UK has been building oil rigs and floating oil production vessels for about…

Hallin Marine, the Singapore-based provider of subsea solutions to the oil and gas industry, has signed a contract for the construction of an 80 metre DP2 subsea operations vessel. The vessel, to…