News

The Norwegian shipbuilder and design company Ulstein is looking to China for future growth. "We want to get into a broader market with our solutions and knowledge. Our intention is to expand…

Uljanik Shipyard in Croatia has delivered a 12,300 DWT Pure Car Truck Carrier (PCTC) with a 4,900 CEU capacity to Ray Shipping. Named Opal Leader, this newbuilding is 176 m long, 31.10…

The Larsen & Toubro/SapuraCrest Petroleum Bhd joint venture has ordered a new-generation heavy-lift/pipelay vessel designed by Sea of Solutions, part of the Offshore Ship Designers Group in Holland. Sea of Solutions was…

Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Group is in talks with several foreign investors and could sell a one-quarter stake prior to its stock market listing, expected as early as 2009. Privately…

There are plans to make Labuan Shipyard and Engineering (LSE) a world-class facility with the capability for ship repairs and, more importantly, shipbuilding, within two years. The first step is to train…

Quintana Maritime Limited, an international provider of dry bulk transportation services, has agreed to acquire a newbuilding Capesize bulk carrier of 180,000 deadweight tons (dwt). The vessel will be constructed by Imabari…

Japan?s Kawasaki Kisen Kaisha, Ltd. ("K" Line) has started a new ecological project to reduce CO2 emissions by implementation of economical speed navigation in Ise/Mikawa Bay for all "K" Line owned or…

Offshore vessel designer, Offshore Ship Designers (OSD), says going green is no longer just an expensive option, and it is no longer just about containing noxious emissions and oil spills. A global…

China's two largest shipyard groups plan to double capacity by 2010, challenging South Korea as the world's top builder. China State Shipbuilding Corp., the nation's biggest, will have a potential 12.3 million…

The Adani group in India is poised to sign a joint venture agreement for its diversification into ship building with the Japanese Tsuneishi group. According to industry sources, the Adani group is…

Miami-based Disney Cruise Line has finalized a contract with Meyer Werft shipyard of Papenburg, Germany, to build two new innovative cruise ships that will take the family-focused cruise experience to an entirely…

Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for $23.6 million per vessel for delivery in 2008. The contract…

Shanghai-based China Merchants Energy Shipping Co. (CMES), the country's biggest oil carrier, has placed orders for four crude oil tankers at a total cost of $343 million. Under an agreement, CMES ordered…

The Hong Kong shipowner OOCL has ordered another five 4,500 teu containerships from Samsung Heavy Industries in a deal worth $331milion. The shipping company already has four 4,500 teu newbuildings on order…

Singapore shipbuilder ASL Marine has stated that its new yard in China will be fully operational next year and will double its capacity to build offshore vessels. The newly built eight-hectare shipyard…

Daewoo Mangalia Heavy Industries (DMHI) of Mangalia, Romania, has signed contracts worth over $1.05 billions with three important ship owners in the first quarter of 2007.The first contract was signed in January…

Seatruck Ferries, freight-only specialists on the Irish Sea route and part of the Clipper Group, are about to introduce a major increase in capacity for the link between Heysham and Warrenpoint, Northern…

Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm, the oil…

INTERTANKO applauds IMO Secretary General Mitropoulos?s initiative to propose to the IMO Marine Environment Protection Committee (MEPC) a study group which, he stressed, will ensure that a decision on the revision of…

COSCO Group in China has inked newbuilding contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but…