News

Those who take their megayachts to Monaco this summer will have a new place to go if repairs are required. La Ciotat, the new shipyard from Monaco Marine and Semidep is possibly…

The small but successful Disney Cruise Line has ordered two large cruise ships in a move that will more than double its passenger capacity. Disney CEO Bob Iger says the company has…

When Davie shipyard located in Levis, Canada, went into receivership this time last year, the outlook for the old yard was bleak. However, the new Norwegian owner, Teco Management AC, a company…

Hyundai Mipo Dockyard in South Korea won an order for four product carriers from a European ship owner for delivery by July 2010. The total contract price is $190 million.

Penang Shipbuilding and Construction Sdn Bhd (PSC), a wholly-owned subsidiary of the PSC Industries Bhd (PSCI) in Malaysia, has secured a contract to build three chemical tankers valued at $42 million for…

Dubai Dry Docks recently inaugurated the new extension to its ship repair and shipbuilding facilities. The new extension - the fifth dock - is to be added to the four existing dry…

Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing licence agreement for the manufacture and sale of…

Honolulu-based naval architect Navatek has landed a $2 million contract from the US Navy to design a prototype ship to deliver heavy equipment onto beaches. Navatek's T-Craft design uses an amphibious transporter…

With demand soaring and the waiting period for ships extending beyond three years anywhere in the world, engineering major Larsen & Toubro (L&T) plans to make an initial investment of $230 million…

The first of two coastal protection vessels has been delivered to Spain?s Maritime Safety Authority SASEMAR. The main role for 220-ton bollard pull ?Don Inda? is emergency towing of a tanker, for…

Russia failed to report sea trials of its latest nuclear icebreaker in the Gulf of Finland in contravention of a bilateral agreement requiring advance notification. The Russian shipyard Baltiisky Zavod, based in…

The government in Bulgaria is considering its strategy for the privatization of the ?Bulgarian Marine Fleet? shipping agency. The government already approved the first draft of the strategy in the beginning of…

Negotiation between Korean shipbuilder and Japanese steelmakers reached conclusion with Japan supplying thick steel plate to Korean shipbuilder at the level of $625 per ton, a $15 hike compared with current price.…

Abu Dhabi Ship Building (ADSB), the Arabian Gulf's only specialised naval warship builder, has delivered the first of four of the UAE Navy's latest 26-metre aluminium alloy Fast Supply Vessels (FSV).These multi-role…

Rolls-Royce has further strengthened its position in South America as a supplier of designs and equipment packages for offshore vessels with contracts for six platform supply vessels (PSV) worth around £45 million,…

Canadian billionaire Peter Munk and the Moscow-based bank Avangard are the most serious potential buyers for the Adriatic shipbuilding yard Bijela according to the president of the board of directors of the…

Media reports suggest that the Indian Navy is all set to float an international bid for the acquisition and construction of a second line of conventional submarines. The navy has already contracted…