News

China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year. In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003,…

Daesun Shipbuilding in South Korea has secured a contract for four 1,043TEU container ships from an undisclosed ship owner. Total contract price is $ 76.8 million and delivery is scheduled between 2007…

Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and…

Hapag-Lloyd has ordered three 100,000 DWT post-Panamax containerships from South Korean shipbuilder Hyundai Heavy Industries. The 8,600TEU vessels will have a length of 335m, a width of 43m and the lead-ship will…

TTS Marine ASA has entered into agreement with Dalian New Shipbuilding Heavy Industry (DNS) to establish a joint venture company for supplying cranes to new ships being built in Chinese shipyards. This…

Tulcea Shipyard, owned by Norwegian group Aker, forecasts triple turnover for this year, up to 120 million euros. The company's management is hiring more employees in order to be able to fulfill…

Nippon Yusen Kaisha (NYK) in Japan ordered three 300,000DWT VLCCs from IHI Marine United for delivery from 2008 to 2009. NYK now has 13 VLCCs on order and is in accordance with…

Keppel Offshore & Marine Ltd (Keppel O&M), the wholly owned subsidiary of Keppel Corporation Limited, has acquired from the PEM Setal Group the latter?s entire 17.25% interest in FELS Setal S.A. The…

The Korea Shipbuilder's Association recently presented a report that Chinese shipbuilders are likely to overtake Korean yards in the construction of large container ships within the next five years. It also claims…

With reference to a letter of intent (LOI) announced on 20 October 2004, Aker Yards has now received a confirmation in the form of a firm contract for building of three container…

China Shipping Development Co, a subsidiary of China Shipping Group, has ordered a 298,000dwt VLCC from Dalian New Shipyard. Ship particulars are 333.5m in length, 58m in breadth, 31m in depth, a…

Costa Crociere, a subsidiary of Carnival Corporation, has ordered a 112,000gt cruise ship from the Italian shipbuilder Fincantieri at a cost of $630 million. The new Concordia class ship will be built…

Three Puget Sound shipyards are competing to build four new state ferries worth in total $200 million. J.M. Martinac Shipbuilding of Tacoma, Nichols Brothers Boat Builders on Whidbey Island and Seattle's Todd…

Aker Yards has signed a LOI with Fjord1 to build five gas powered ferries with delivery scheduled for second half of 2006. The value of the contract is approximately $193 million. The…

Norwegian Cruise Line (NCL) has ordered a new 2,400 passenger cruise ship from Meyer Werft in Papenburg, Germany, for delivery in February 2007. This 93,000 GT newbuilding will be a sistership to…

Samsung Heavy Industries announced it has secured orders for two 153,200 cubic metre LNG carriers and four post-Panamax container ships from a European ship owner for delivery by April 2009. Even though…

Lauritzen Kosan, the gas arm of Danish Shipowners J. Lauritzen A/S, has signed a newbuilding contract for a series of four semi-pressurised gas carriers with ethylene capacity at INP Heavy Industries in…

Aker Yards has signed a Letter of Intent (LOI) with NCL Corporation (NCL) for building a high standard cruise vessel. The LOI, valid until the end of this month, also includes an…

Aker Brattvaag AS, a company in the Aker Yards Group, has signed a contract with Farstad Supply AS, for the building of two Offshore Supply Vessels. The total contract value is approximately…

Sasakura Engineering in Japan has developed and launched a range of oily water separators that fully complies with new IMO bilge water rules due to come into effect from 1 January 2005.…

The largest container ship ever to have been built in Japan was taken into service today as the ?P&O Nedlloyd Mondriaan?. With a length of 335 metres, a width of 42.80 metres…

POSCO will raise prices of its steel plates and hot-rolled coil to Japan by as much as 5,000 yen ($48) a tonne in the first quarter as demand from China pushes up…

Aker Brevik AS, a company in the Aker Yards Group, has been awarded a contract by Olympic Kombiskip KS, in Fosnavåg, Norway, to deliver a platform supply vessel of the UT 755LN…