News

The naming ceremony was held for the first product tanker in American Shipping Corporation?s 10 ship series. Aker Philadelphia Shipyard achieved another significant milestone in the build program with keel laying for…

Germany-based Peter Dohle group, one of the world's largest privately held shipowners, is the latest business group to be attracted to India's booming economy and its potential. The group owns about 100…

Scientists at the University of California-Santa Barbara have developed a new technology for cleaning oil spills on oceans, lakes and other waterways. They have constructed and successfully field tested an improved version…

Soaring repair bills and more frequent service interruptions can be expected with Marine Atlantic?s ageing fleet of ferries, the union representing navigators, engineers, electricians and radar technicians aboard the vessels warned. Owned…

Bureau Veritas (BV) has announced it intends to combine its strengths with those of Germanischer Lloyd (GL) and has made an offer to all GL?s shareholders to acquire their shares. Once completed,…

Daesun Shipbuilding has clinched four product/chemical tankers at the price of $102 million from a European-based shipowner. The four will be delivered by June 2010.

US oil major Chevon confirms that two Nigerian shipyards have completed key components of the of $1 billion FPSO vessel for the Agbami deep offshore oil field, which is on track to…

JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding…

The Royal Navy unveiled its latest amphibious Landing Ship Dock (Auxiliary), the Royal Fleet Auxiliary ?Largs Bay?, which is undergoing sea trails prior to entering service later this year. This state-of-the-art 16,000…

North Sea divers have scuppered the planned departure of a recently completed FPSO conversion at a South Tyneside yard. ?Global Producer III? was due to leave McNulty Offshore in South Shields yesterday…

China State Shipbuilding Corp (CSSC) will take direct control of Shanghai-listed Hudong Heavy Machinery before its planned $800 million IPO on the Hong Kong Stock Exchange next year, according to local reports.Hudong…

China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire…

Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three…

Minaminippon Shipbuilding is planning to open by April 2008 a new shipyard able to build 100,000 DWT tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The company will…

Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.

The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships…

The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month.…

Singapore-based CH Offshore Ltd, a subsidiary of Chuan Hup Holdings, has awarded a contract to Universal Shipbuilding Corporation (USC), in Japan, for the building of two anchor handling tug supply vessels (AHTS)…

Eagle Bulk Shipping in New York has signed contracts with IHI Marine United in Japan for the construction of two Future-56 class Supramax vessels. These 56,000 DWT vessels have a contract price…

Aker Yards has contracted with Stena Rederi in Gothenburg, Sweden, to deliver two innovative super ferries. The value of the contract is approximately $510 million. Deliveries are scheduled for the first and…