News

Mohammad Suri, National Iranian Tanker Company???s (NITC) managing director, said the country would produce over 80 million tons of LNG per annum in the near future and 40 LNG carriers would be…

Bharati Shipyard received an $89 million order from Shippping Corporation of India for the construction of four AHTS vessels for delivery in 2011. Including the latest order, the shipbuilder has now announced…

Orissa, in the North East of India, is all set to have a shipbuilding factory at Charidiha near Dhamra mouth in Bhadrak district of the State. It will be the first such…

The National Development and Reform Commission permitted the leading Chinese tanker operator, China Merchants Energy Shipping Co., Ltd. (CMES) to buy six oil tankers via overseas investment. In April, CMES signed an…

Coastal Contracts Bhd, the Sandakan-based company in Malaysia, said that its wholly owned subsidiary Thaumas Marine Ltd had clinched its largest newbuildings order worth $108 million boosting its order book to $223…

Aker Yards and Estonian Shiprepair and Conversion group SRC Group O?? have concluded an agreement combining Aker Yards Lifecycle Services's (A-LCS) & SRC Group's strengths to start offering the premium voyage repair…

Sri Lanka's Colombo Dockyard Ltd (CDL), the island's sole listed shipbuilder, is bidding for three new local ship building contracts, including one from the navy where it has tied up with a…

Dalian Shipbuilding Industry Corp, China's biggest shipyard, upped its rank to number four in the world in terms of orders in hand which it attributes to a combination of technical innovation and…

The Cyprus-based Deep Sea Supply (DESSC) has taken delivery of the 4th of 8 PSV newbuildings from Cochin Shipyard in India. The vessel `Sea Pike`, a UT 755L Platform Supply Vessel, will…

The Australian government has signed a contract with Tenix, worth about A$3.1 billion ($2.78 billion) over eight years, to build two large amphibious ships for the Royal Australian Navy. The first ship,…

The Chinese car manufacturer, Chery Automobile, has bought a Chinese shipyard as part of its latest effort to meet an ambitious export target. Privately-owned Chery, based in Wuhu city in eastern Anhui…

Croatia's next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union, the country's top EU negotiator said. With 11,000 jobs at…

Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which…

The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each…

Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be…

Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of…

Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in…

Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010,…

A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial…

India's ABG Shipyard has received an order worth $360 million from a German company to build six 35,000 DWT handy size bulk carriers The order was placed by the Hamburg-based Bereederungsgesellschaft H…