News

MMC Norilsk Nickel in Russia and Kvaerner Masa-Yards, part of Aker Yards, have signed a newbuilding contract for one 14.500DWT arctic container vessel for operation in the Northern sea route of Russia.…

Lifeboat and davit specialist Schat-Harding has taken over the Chinese Beiyang Boatbuilding Company lifeboat manufacturing range and plant as part of a strategy to expand its market share in cargo ships built…

Aker Yards ASA reported an EBITA (Earnings Before Interest, Taxes and Depreciation) of NOK 148 million in the second quarter, which corresponds to an EBITA-margin of 4.5%. The margin so far this…

Hyundai Merchant Marine (HMM) has ordered three 4,700TEU container ships from Hyundai Heavy Industries at a total cost of $200million. Ship particulars are 294.1m long, 32.2m wide, a depth of 21.8m, speed…

MAN B&W Diesel has received an order to supply 4 x 20RK280 engines to Italian ship builder Fincantieri. The Italian company has secured a contract to build a 122 metre monohull fast…

Concordia Maritime signed an agreement to participate on a 50/50 basis in a consortium, which will own two Panamax product tankers built to Finnish/Swedish ice class 1A specifications and ordered by Concordia…

A number of South Korean shipbuilders are currently holding discussions with ExxonMobil on a multi-billion dollar deal to build liquefied natural gas (LNG) carriers for the global energy giant. Exxon has been…

Norway-based DOF ASA has confirmed the conditional contract to build an MT 6009 Platform Supply Vessel (PSV) at Aker Brattvaag, a company in the Aker Yards Group. The contract is worth approximately…

Holland America Line (HAL) has installed Spurs Marine?s line and net cutter system on both cp propellers of its cruise ship Volendam. This follows a similar installation on the sister vessel Veendam…

NYK has concluded a long-term charter agreement for two 149,600 cubic metre membrane type LNG carriers with Nigeria LNG Limited and a shipbuilding contract for the new gas carriers with Samsung Heavy…

Bharati Shipyard, Mumbai, one of leading private owned shipyards in India, received a repeat order for two 80 tonne bollard pull anchor handling tug supply vessels (AHTS) from the Great Eastern Shipping…

Pont-Aven, Brittany Ferries? $180 million flagship, returned to service today, nearly a fortnight after a fault left it stranded in a UK port. The problem arose from a cracked cooling valve resulting…

China Shipping Group is considering buying six to eight VLCCs within the next two years. The state-run company expects to take delivery of the first of its 300,000dwt tankers in November, the…

Canada Steamship Lines (CSL) has awarded a $30 million contract for vessel repairs to be done at the Port Weller Dry Docks in Canada?s Niagara region. The project involves the forebody replacement…

Just over a year after Hudong Heavy Machinery Company (HHM) in Shanghaipresented the first Chinese-built 80 cm bore MC engine, they can now claim the distinction of having the first ME orders…

James Fisher & Sons plc, one of the UK?s leading marine services providers, has launched a new tanker, the Cumbrian Fisher, at the Samho Shipbuilding Company in Korea. The vessel, a clean…

China's largest shipbuilding company, China Shipbuilding Industry Corporation (CSIC), opened an office in Hong Kong and is registered as China Shipbuilding and Offshore International (HK) Co. The Hong Kong operation is wholly-owned…

The Kuwaiti Oil Tanker Company (KOTC) finalized a contract with the Korean shipbuilder Hyundai Heavy Industries at a cost of $182 million to build three tankers for delivery in 2006, 2007 and…

NCL Corporation will be the first cruise line to bring passengers on North American cruises the ability to use their cell phones even when communications towers are oceans away. The company is…

Tankers sold for scrap at ship breaking yards fell 40% during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson,…

Radix Marine, a US-based marine vessel development company specializing in port and homeland security and defense initiatives, signed a contract to build two prototype manned vessels with a marine technology company, Advanced…