News

BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to…

The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing…

In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire…

Hyundai Mipo Dockyard has won an order for five roros at the price of W 407.9 billion from a European ship owner. They will be delivered by April 2011.

The Finland-based AC drives manufacturer Vacon strengthened its global presence by opening a subsidiary in Australia. With the head office in Melbourne, and sales offices in Perth and Brisbane, Vacon Pacific will…

Following the launch in December of ?Osman Gazi-1?, the first of two Austal built Auto Express 88 fast car ferries for the Istanbul Metropolitan Municipality, an inaugural voyage for representatives of the…

Germany's defence minister said recently he was optimistic a dispute between Greece's military and a German shipyard would be resolved, allowing an order for submarines to proceed.Greece last year delayed receipt of…

Even though the Turkish ship industry has increased the number of its shipyards by 62%, it transferred 7.5 million DWT of orders to the Far East as all sites are full until…

The European Union imposed five-year tariffs on a welding product from China to shield Austria?s Plansee Metall GmbH from cheaper imports.The duties of as much as 63.5% on tungsten electrodes, used for…

The Brisbane shipbuilder behind the original CityCats is constructing six ferries to operate on the Thames after striking a deal worth more than $20 million. The 38m catamaran ferries, being built by…

Russia?s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg.The decision to create a…

COSCO Shipyard Group in China and Norway-based Maracc signed a contract for the building of GM 4000 semi-submersible unit. The contract, with a total value of $195 million, has fixed a completion…

During the "Seatrade Cruise Shipping Convention"in Miami, Fincantieri announced it has reached agreements with Oceania Cruises and Silversea Cruises to build 5 ships (of which 2 options). The agreement with Oceania, a…

China Ocean Shipping (Group) Co (COSCO) plans to raise its crude oil carrying capacity to 8 million deadweight tonnes by 2010, up from 4.5 million dwt currently, said company vice president Zhang…

Thailand shipping company Jutha Maritime is set to return to Higaki Shipbuilding, Imabari, Japan for another multi-purpose cargo vessel. Currently the firm owns seven vessels, two of which, JUTHA VASANA and JUTHA…

Samsung Heavy Industries in South Korea has secured an order for a drillship from a Europe ship owner. Contract price is $617 million and delivery is scheduled for June 2010.

Having built a reputation for building fishing vessels, the Thai shipbuilder Mahachai Dockyard is preparing to build two dredgers. A smaller bucket dredge for a private Thai customer will be similar to…

Ferguson's yard in Port Glasgow, which earlier this week announced it was making 99 workers redundant, was thrown a lifeline when it was learned that bidding was to be opened within three…

KY Heavy Industries in South Korea announces that it clinched orders for five chemical tankers plus five options from OSK (H.K) Ltd for delivery from May 2008 to 2009. In addition, the…