News

Star Clippers have been in discussions with shipyards to build a new five-mast vessel for delivery in 2010. Expected to be the largest, most expensive sailing vessel ever constructed, the 7,400 gt…

Cyprus-based sea transportation company Essar Shipping & Logistics Ltd (ESLL), which is a unit of the diversified Essar Global Ltd, has placed a mega order for constructing six bulk carriers with ABG…

COSCO Corporation has secured shipbuilding contracts worth $724 million to build 16 bulk carriers for German, Taiwanese and Greek shipowners. The vessels consist of bulk carriers of 57,000, 80,000 and 92,500 dwt…

A company that has repaired some of the world's largest cruise ships plans to set up a second operation in Philadelphia. The new shipyard, to be called PennShip Service, is expected to…

Bocimar International, the dry cargo ship owning subsidiary of Belgian-based CMB, has ordered 10 handysize bulk carriers from Samjin Corporation, in South Korea, for $36m per vessel. The 33,500 dwt newbuildings are…

Bremerhaven-based shiprepair and conversion specialist MWB is to open a third floating dock to meet increasing demand.

Guangzhou has received the go-ahead to begin construction on a big ship-production base that could help advance the southern China city?s status as a major Chinese ship producer.The first phase of Longxue…

Eitzen Chemical ASA in Norway has declared an option to build two additional vessels with Jinse Shipbuilding Co. Ltd. in Korea. The vessels are coated 13,000 dwt chemical carriers and will be…

Lifeboat and davit manufacturer Schat-Harding has significantly strengthened its European service network with the acquisition of major independent service company Willem Pot BV. The Rotterdam-based Willem Pot is the largest independent lifeboat…

BP has chosen Aker Kvaerner to perform the detail engineering, procurement and construction management assistance (EPcma) for the Skarv field development in the Norwegian Sea. Since November 2005, Aker Kvaerner has been…

The German company Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market FPSOs for the growing LNG industry, based on Linde's proprietary natural gas liquefaction…

Singapore- based Ezra Holdings Limited has awarded a contract worth approximately $108 million for the design and construction of a large 27,000bhp Multi-Functional Support Vessel (MFSV) to Karmsund Maritime Service AS in…

Indian shipbuilding companies APJ Bharti Shipyard and Essar have expressed interest in setting up two shipyards in West Bengal. Principal industry secretary Sabyasachi Sen told media that the representatives of the two…

Höegh LNG has entered into agreements with major contractors and formally started the engineering and design for its first LNG FPSO unit. "Our strategy is to develop Höegh LNG's business model from…

Samsung Heavy Industries has won a $1.2 billion contract to build two drillships for an unidentified company for delivery by March 2011.

The International Bunker Industry Association (IBIA) was told at its annual convention in Montreal that a new report estimates that it would cost $67billion over the next five years to implement a…

Plans by Korean shipbuilder STX to build its new shipyard in Dalian, northern China, is being challenged by the Chinese government's restraint on building large ships. STX began construction on the $1-billion…

The Greek shipping company Danaos has extended its shipbuilding contracts with China Shipbuilding Trading Company to include one more 8,530 TEU vessel, bringing the total number on order to five vessels. All…

Which rule affects my fleet? That is the central question for shipowners, managers and shipyards when it comes to international maritime regulations from IMO, ILO and IACS. The new "GL Rules Pilot"…

International classification society Bureau Veritas (BV) says that market demand will inevitably lead to the development of Compressed Natural Gas (CNG) carriers. Speaking at BV?s Gas Tanker Seminar, to be held in…