News

Iran Shipping Lines (IRISL) ordered US$450 million of vessels from domestic yards in the country's biggest shipbuilding order. As the Middle East's biggest non-oil shipping company, IRISL ordered as many as ten…

Following the signing of a long-term time charter for two gas carriers with Yara, Kawasaki Kisen Kaisha ("K"Line) has ordered two 38,000 cubic metre, fully refrigerated ammonia/LPG carriers from Daewoo Shipbuilding &…

Labroy Shipbuilding and Engineering in Batam Island, Indonesia, a subsidiary of the Singapore-based Labroy Marine, has won a new shipbuilding contract worth $23.1 million from Norway's Belden Shipping Group. It is a…

Samsung Heavy Industries has developed a 12,000TEU container ship design which it is now actively marketing. As the largest container carrier to date, the vessel will have a length of 383m and…

Hamworthy has won orders and a letter of intent totalling £48 million ($92 million) to supply eight LNG reliquefaction systems to the first LNG carriers to use slow-speed diesel propulsion engines. The…

COSCO Hong Kong Group has placed an order for two 300,000 DWT bulk carriers with the Japanese shipbuilders Universal Shipbuilding and Sumitomo. The two newbuildings will be used to ship ore products…

Daewoo Shipbuilding and Marine Engineering (DSME), South Korea's most profitable shipbuilder, is planning to expand its global network through acquisitions. "We are considering boosting our overseas presence by acquiring small and medium…

Nippon Yusen Kaisha (NYK) is to build and operate two LNG carriers for use by Osaka Gas Company to import LNG, and has concluded a shipbuilding contract with Kawasaki Shipbuilding Corporation. The…

Aker Brevik, a part of Aker Yards ASA, has signed a contract to build six 18,000 m3 product-tankers with six Cyprus-based single purpose companies. The 15,000 DWT vessels are to be built…

ABS has signed a memorandum of agreement with the Prefectura Naval Argentina (PNA ? the Argentine Coast Guard) by which the classification society is now authorized to issue statutory certificates on behalf…

POSCO, South Korea's largest steel maker has agreed with the country's three largest shipbuilders, Hyundai, Daewoo and Samsung, to set up a joint study group for the development of steel products for…

Hong Kong oil trader, Titan Petrochemicals Group, has signed a one-year contract with China's Zhuhai Zhenrong that will give it access to 3 million metric tonnes of Iranian fuel oil, valued at…

The Japanese NMRI (National Maritime Research Institute) and fire protecting door and noise-proof package manufacturer Taiko Sangyo have developed a new silencer system that dampens low frequency noise from diesel engines. This…

TOTAL Lubrifiants and Thai oil major PTT have signed a partnership agreementcovering the sales of marine lubricants to Thai ship owners and the supplyof marine lubricants in Thai ports. PTT, the largest…

Reddington Finance, a leisure developer, has completed a multi million pound deal to take control of the A&P Birkenhead site and now owns all 140-acres of the former Cammell Laird yard. The…

It is anticipated that by 2006 Dubai will have the world's largest ship repair capacity with Dubai Maritime City adding to facilities already provided by Dubai Dry Docks, according to Sultan Ahmed…

Japan's largest marine propeller manufacturer, Nakashima Propeller, has officially unveiled plans to build a new production facility on a 58,000 m2 site which will be capable of manufacturing propellers up to 12m…

The Engine & Machinery Division of Hyundai Heavy Industries has recently secured an order from Sener Group in Turkey for the supply of one 9H25/33P HiMSEN diesel engine to be used as…

The Indian Register of Shipping (IRS) has alerted the shipping industry to be prepared for yet another piece of maritime legislation, the Regulations for the Prevention of Air Pollution from Ships (MARPOL…

Arab Shipbuilding and Repair Yard Company (Asry) reported a record operating income of $92 million for 2004, up from $87 million for last year. During the period, 130 vessels were repaired or…

BP Marine is about to re-open its marine fuels business in the ports of Limassol and Larnaca, Cyprus after an absence of nearly 2 years. The bunkering facility will commence operations by…