News

Samsung Heavy Industries has secured a sizable order from an Asian customer to build an FPSO in a contract worth $470 million. The vessel will be delivered by September 2010.

BMT Group Ltd, the UK-based maritime consultancy, launched its India operations last week in an attempt to tap into the ship-building boom in the country. Several Indian companies have been looking to…

China's Cosco (Zhoushan) Shipyard Co., Ltd. has received newbuilding orders worth nearly $1.2 billion. Of this, $669 million is accounted for by contracts from Cosco International Ship Trading for twelve 57,000 dwt…

In addition to the six newbuildings announced in the press release dated 2 May 2007, the Norwegian ship owner Camillo Eitzen & Co ASA signed agreements for long term time charter with…

Nam Cheong Dockyard Sdn Bhd in Miri, Sarawak, Malaysia, is planning to expand its business overseas and increase its shipbuilding capacity on the back of higher demand for oil and gas support…

Nordic Heavy Lift subsidiary Avonway has ordered a unique crane vessel with a record 5,000 tonne single mast lifting capacity from Singapore?s Sembawang Shipyard. Sea of Solutions, part of the Offshore Ship…

Fugro has christened its new 3-D seismic vessel Geo Barents. This newbuilding is a 3-D seismic acquisition vessel capable of deploying six 6 streamers of up to 9 km in length. The…

Maersk Supply Service has ordered two more 23,500bhp multi-purpose anchor handling tug supply (AHTS) vessels from Volkswerft Stralsund in Germany. The two vessels will be sister ships to the four multi-purpose anchor…

The Chinese shipbuilding company Jiangsu Eastern Shipyard has been awarded a contract to build two oil tankers worth $61.49 million by Indonesia's state-run oil firm Pertamina. Jiangsu is expected to deliver the…

Nordcapital, Germany, has signed a contract with Se Kwang Heavy Industries, (the former INP) Ulsan, Korea, to deliver four UT 786 CD anchor handling tug supply vessels (AHTS). The total value of…

The development of the WIG (wing in ground-effect) craft, which the government hoped to use as a next-generation marine transport, has stalled since the government has failed to find a private-sector partner.…

The New York-based Ship Finance International Ltd., which operates a fleet of oil tankers and other ships, has signed contracts to buy five new container ships for a combined value of $190…

Nippon Steel Corp. and Nippon Yusen Co., Ltd. co-developed corrosive-resistant thick steel plate (NSGP-1) to use for the bottoms of cargo tanks in crude oil tankers. Nippon Yusen will proactively adopt this…

South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such…

V.T. Halter has laid the keels for two National Oceanic & Atmospheric Administration (NOAA) ships at its shipyard in Moss Point, Mississippi. These two high-tech newbuildings will replace ships that are over…

ONGC in India has contracted with Seattle-based Elliott Bay Design Group (EBDG) to provide consultancy for the design, construction and delivery of a 110m x 19m x 9.25m well stimulation vessel. The…

The Belgian shipping group CMB said its unit Bocimar International has ordered, in a joint venture with Wah Kwong, two newbuilding Handymax vessels from Chengxi Shipyard, China. Delivery of the vessels is…

The fleet management program ?GL ShipManager? has its first international clients. Finnish shipping company Oy Langh Ship and Danish company Transmarine Management have entrusted Ms Logistik Systeme, a Germanischer Lloyd Group company,…

The booming global economy and high oil price have led to strong demand for seismographic ship and DNV is experiencing a tenfold increase in classification requests compared to previous years for this…

Stavanger-based SeaMetric International AS has signed a contract for the construction, assembly and testing of the first 20,000 tonnes capacity Twin Marine Lifter (TML) system. Developed for installation and removal of such…