News

Pan-United Marine Limited (PUM) in Singapore has clinched its first conversion contract for a FPSO tanker owned by the Norwegian company Norwegian Nortechs FPSO Pte Ltd (Nortechs). The contract to convert the…

An Oceanographic Patrol Vessel (OPV) designed for patrol operations in the North Atlantic was ordered by the Icelandic Coast Guard from the Chilean shipbuilder ASMAR - Shipbuilding and Ship Repair Company.This 93.65…

Guanghzou Shipyard International in China has clinched eight 39,000DWT product/chemical tankers from A.P. Moller-Maersk. The shipbuilder also signed a new order for four 39,000DWT product/chemical tankers from Torm in Denmark

Korea Line has ordered a 58,500DWT bulk carrier from a Japanese shipbuilder at a cost of $35 million. Delivery is scheduled during 2009.

Athens-based Quintana Maritime Limited has taken delivery of a Kamsarmax bulk carrier, named Pascha, from the Japanese shipbuilder Tsuneishi. Pascha has a carrying capacity of 82,300 DWT and is the tenth of…

Essar Shipping and Logistics in India said it will invest $400 million to acquire onshore and offshore oil drilling rigs. The Cyprus-registered firm has formed Essar Oilfields Services Ltd (EOSL) to focus…

The Russian government will soon adopt a strategy for the development of shipbuilding until 2020, which envisions the creation of three major shipbuilding holdings, the defense minister said Tuesday.Three shipbuilding holdings will…

A raft of new international standards for passenger ship safety was adopted when IMO's Maritime Safety Committee (MSC) met in Istanbul, Turkey, for its 82nd session from 29 November to 8 December…

Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiary in Netherlands, Keppel Verolme BV, has secured a $185 million contract to build a floating heavy lifter for the decommissioning…

Bureau Veritas has issued a bullish statement after its failed attempt to acquire Germanischer Lloyd. The shareholders of GL decided to accept the offer made by Gunther Herz in preference to the…

NMB, Bulgaria's national maritime fleet, will take out a $70 million loan from HSH Nordbank AG for the purchase of 3 new vessels, said executive director Hristo Donev. The company is trying…

Gdynia Shipyard in Poland has received $178 million in public aid, most of which will be used to cover the shipbuilders debts. The company will be privatized by the end of 2008.…

Russia will account for two percent of the world's shipbuilding market by 2020, Deputy Industry and Energy Minister Andrei Reus told a governmental commission meeting that he expects the domestic shipbuilding industry's…

The board of France?s state-owned naval shipyards DCN has approved a tie-up with defence electronics group Thales that will make it one of Europe?s three biggest shipbuilders. "This project will allow the…

Greatship (India), a wholly-owned subsidiary of Great Eastern Shipping Company (GE Shipping) is competing with Great Offshore (GOL), the demerged entity of GE Shipping, over the offshore vessels contract of Oil and…

Engineering group Babcock International has held talks about taking over the consortium that runs the UK's Devonport naval base. Babcock, which runs the Rosyth naval dockyard and the Faslane submarine base, has…

Dubai-based ETA-Ascon Group is studying the possibility of developing a ship repair facility that will serve its growing fleet of bulk carriers. "We are looking at starting with a build, operate and…

The Australian Marine Complex (AMC) in Henderson, Western Australia is set to receive a $136 million infrastructure boost from the state government. A new floating dock will be constructed with the funds…

Chemring Group PLC announces that it has agreed a conditional sale of its McMurdo electronics business to Signature Industries Limited, manufacturers of the SARBE Emergency Location Beacons. McMurdo manufactures and supplies emergency…