News

Mumbai-based shipbuilder Bharati Shipyard has bagged an additional order worth about $44 million from UP Offshore (Bahamas) Ltd., for two platform supply vessels. In April, the company had secured the first order…

The first Incat 112 metre high speed ferry has been delivered to the Japanese ferry operator Higashi Nihon Ferry. The new Incat 112 metre wave piercing catamaran was specifically designed and built…

The New Delhi-based infrastructure major Punj Lloyd has acquired a 25.1% stake in Pipavav Shipyard (PSL) for Rs 403 crore. The deal, done through preferential allotment, is seen as a strategic investment…

The Russian tanker operator Primorsk Shipping Corporation (PRISCO) recently launched ?PRISCO Alcor?, its second Suezmax type tanker. The 166,000 DWT newbuilding is under construction at Hyundai Heavy Industries Shipyard in South Korea…

New regulation 12A of Annex I of MARPOL on oil fuel tank protection, adopted by MEPC 54 on 24 March 2006 will come into force. It sets out the requirements concerning the…

Work at the Limbe shipyard project, the second biggest infrastructural venture in Cameroon after the Chad-Cameroon pipeline, is running on schedule. Good progress has been made as work on the 700m x…

China's most advanced salvage vessel "Nanhai 101" was recently launched at Guangzhou Huangpu Shipyard and will be delivered in October to the to Nanhai Rescue Bureau in the Ministry of Communications. The…

Nordcapital Group and Hyundai Heavy Industries (HHI) signed contracts for the building of eight massive container ships with a capacity of 13,100 TEU each. These will be the largest container ships HHI…

The UK shipbuilders BAE Systems and VT Group confirmed the long-awaited merger of their shipbuilding assets following the Government?s decision to provide the Royal Navy with two new aircraft carriers. The £1…

Japan?s leading shipbuilder, IHI Corporation, will establish a 100% foreign-owned factory in Vietnam?s northern city of Haiphong. The move makes the first time that a large foreign shipbuilder has established a facility…

Hyundai Heavy Industries Co., Ltd. (HHI) recently launched an 82,000 m3 LPG carrier for Norwegian company BW Gas, formerly known as Bergesen. This is the first LPG carrier built on the ground…

The Australian Marine Complex (AMC), Australia?s premiere shipbuilding precinct, has been a hive of activity recently with the opening of a new wharf. Located on the shores of Cockburn Sound, 23 kilometres…

Mitsui O.S.K. Lines, Ltd. (MOL) has announced that, together with the Kansai Electric Power Co., Ltd., and Iino Kaiun Kaisha, Ltd. (Iino Lines), it has agreed on joint ownership of a newly…

Asia's first 10,000 TEU container ship, classed by Lloyd?s Register, was recently christened at Hyundai Heavy Industries? (HHI) yard in Ulsan just days before its scheduled delivery on 6 August to the…

UK's Secretary of State has announced the building of Britain's largest ever naval ships and orders will now be placed for the two new aircraft carriers. The ships will have a displacement…

Danish maritime company Erria A/S has awarded the Chinese shipbuilder Rushan Shipyard a newbuilding contract for three chemical tankers. The contract covers a firm order for three 6,500 DWT chemical tankers and…

Aker Yards has entered into a contract with Portosalvo Ltd. for the building of one 4,800 DWT Platform Supply Vessel based on the design Aker PSV 09 CD. The value of the…

Shanghai-based shipbuilder Guangzhou Shipyard International expects a massive increase in its net profits for the first half compared with a year earlier. Guangzhou Shipyard, controlled by the country's biggest shipbuilder China State…

South Korea's Daewoo Shipbuilding & Marine Engineering has won an order from an undisclosed South American country worth $633 million to build a semi-submersible drilling rig for delivery in August 2010.

Singapore shipbuilder ASL Marine Holdings has secured new shipbuilding contracts worth $67.5 million from European clients. The contracts are for one 90 metre DP-2 subsea operation vessel, two Rotor tugs and 2…