News

Jardine, a leading international provider of asset performance improvement services, has been acquired by DNV. This move strengthens DNV?s ability to help companies optimise the economical performance of individual assets without compromising…

Posco, the Korean big 3 shipbuilders- Hyundai Heavy Industries, Daewoo Shipbuilding and Samsung Heavy Industries- and Korean Register of Shipping have established a committee to develop steel for ship including thick steel…

Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As part of the restructuring plans, negotiations were…

Ulstein Verft has signed a contract with Island Offshore XI KS to build a large ULSTEIN P101 multifunctional platform supply vessel, designed by Ulstein Design AS. The contract is worth around $46…

US shipowner Overseas Shipholding Group (OSG) has ordered eight MAN B&W ME engines as the main propulsion plant for four 216,000 cubic metre LNG carriers recently ordered from Korean yards Hyundai and…

UKOR Car Carriers (EUKOR) placed an order with Korean shipbuilder HyundaiHeavy Industries (HHI) for four pure car and truck carriers (PCTCs). The vessels will bebuilt at the Hyundai Samho Heavy Industries Shipyard…

Wärtsilä is developing its propulsion business and is setting up a wholly owned, state-of-the-art factory for ?transverse thrusters? in Wuxi, located approximately 100 km west of Shanghai, China. The name of the…

Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply…

Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of…

Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this…

Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14…

Daewoo Shipbuilding & Marine Engineering (DSME) in Korea has developed a liquefied natural gas- regasification vessel (LNG-RV) for the first time in the world. The LNG-RV supplies regasified LNG directly into the…

Hamworthy has won orders worth $5.2 million for cargo pump room systems to be installed on eight ships being built by Dalian Shipyard in China. Hamworthy cargo pump room systems have been…

With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five…

The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales…

The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from…

A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took…

Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January. A 200,000dwt Cape-size bulker named Cape Rosa was delivered from…

While the big public sector shipyards in India are struggling with low order books, their smaller counterparts in the private sector that are engaged in building smaller vessels are being bolstered by…

Iran is planning to undertake the construction of LNG carriers. An official in Sadra Company said, "French technology is employed in the manufacture of the vessels and grounds are paved for manufacturing…

The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of…

The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows…

In order to export its LNG to India, Iran will require more than eight tankers, an official in National Iranian Oil Tanker Co. (NIOTC) said. "Although, detailed studies have not been carried…