News

The Cala Corp in the USA has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on 11 November. The company is confident that the $100…

Mumbai-based Garware Offshore Services Ltd plans to enter the shipbuilding business by setting up an exclusive facility for constructing offshore support vessels. This shipbuilding yard will be a joint venture with Norway-based…

Daewoo Shipbuilding & Marine Engineering (DSME) may consider building a $150 million block plant in North Korea to help meet rising demand, the Yonhap new agency reported quoting the Daewoo's President, Sahng…

India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support…

Representatives of the Sevmorneftegaz company, a subsidiary of the Russian gas major Gazprom, recently visited the Nerpa shipyard in Murmansk Oblast to discuss the shipbuilder???s possible role in the development of the…

A number of private companies in India have expressed their interest in building two large shipyards planned by the government are now asking for several incentives, including a special economic zone (SEZ)…

Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) have signed an agreement pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping, will construct two additional Veteran Class…

Studies have started for a shipyard construction project in ??anakkale's Gelibolu district on one million square-metres of land in Cevizli Village. The proposed shipyard will be the biggest in Turkey and the…

STX Shipbuilding has won a $30 million order from a Chinese shipping company to build a handy-size bulk carrier. The order placed by Taizhou Maple Leaf Shipbuilding Co. calls for the South…

Deep Sea Supply's Sea Ocelot, a 10,800 bhp AHTS vessel, was delivered from Jaya Shipbuilding & Engineering Pte Ltd. in Singapore. The Cyprus-based Deep Sea Supply has a one-year firm bareboat charter…

Going after the government???s planned Rs50,000 crore investment in warships, India???s largest engineering and construction firm Larsen & Toubro Ltd (L&T) plans to build defence warships and para-military vessels at its proposed…

Sembcorp Marine said today that its unit Jurong Shipyard and Brazil's WTorre Empreendimentos Imobilirios SA have signed a memorandum of understanding (MOU) to form a joint-venture company to own and operate a…

The newly formed Dubai-based shipping company Eastern Echo (EE) is to build two more Ulstein designed SX 124 X-Bow seismic vessels in Dubai for delivery in the first quarter and second quarter…

The Angolan company Petromar in Luanda plans to invest $40 million in the upgrading of a shipyard at Ambriz, in Zaire province, in order to provide services to the oil industry, the…

The Japanese government is preparing to set aside funds to develop fuel-efficiency standards for large ships. The Japanese Finance Ministry has been requested to allocate about 95 million yen ($827,000) in the…

Brazil's state-run oil company Petrobras has sealed a $1.4 billion contract for a new 100,000 barrel-per-day P-56 semi submersible oil rig with FELS Setal-Technip consortium after months of exclusive negotiations. FELS Setal…

ABG Shipyard in Mumbai has bagged an order of £363 million from Germanys Bereederungsgesellschaft H Vogemann GmbH for the construction of 12 handysize bulk carriers of 35,000 DWT. With this order, the…

Singapore based Keppel Shipyard Ltd was awarded two ship conversion contracts from repeat clients worth a combined $67 million. The first contract, awarded by Prosafe Production Pte Ltd, is for the conversion…

Official sources in India indicate that Bharati Shipyard Ltd and Apeejay Surendra Group have jointly proposed to develop a state-of-art shipbuilding and ship repair yards at Dhamara in Bhadrak district. "The government…

Shipping corporation of India (SCI) has firmed up plans to build the country?s largest shipyard with an investment of around Rs 3,000 crore. The shipping company would compete with Larson and Toubro…