News

Amendments to MARPOL Annex II and the International Bulk Chemicals (IBC) Code1 come into force on 1 January 2007. The requirements are applicable, to varying extents, to all new and existing ships…

Keppel Kazakhstan LLP (Keppel Kazakhstan), a unit of Keppel Corporation Limited through Keppel Offshore & Marine Ltd (Keppel O&M), has launched the transportation barge AKKU1, built for Agip Kazakhstan North Caspian Operating…

Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tonnes. According to the report, each tanker will cost between $120 million…

National Iranian Tanker Company (NITC) has ordered six oil tankers for carrying oil from Caspian Sea littoral states to the northern port of Neka, announced head of the company. Three of the…

The US-based Residential Cruise Line Ltd. (RCL), the parent company of the Magellan, the world's largest private residential cruise ship, will be expanding the proposed new vessel by adding twelve additional residences…

Indonesia's shipping industry needs $1.25 billion in investment to produce a fleet of coal carriers to meet the government's crash program in the power supply sector to build new coal fired power…

If they are granted planning permission, bosses at A&P Tyne at Hebburn hope to win contracts to dismantle ex-Royal Navy vessels. They claim the move into the ship breaking business would safeguard…

MAN Diesel SE, Augsburg, has taken over from MTU Friedrichshafen GmbH the remaining 33.4% share of the French Diesel engine manufacturer S.E.M.T. Pielstick S.A., headquartered in Villepinte near Paris. The acquisition and…

The Sabah-based shipbuilder Coastal Contracts, sees bright prospects for its business driven by growing demand for its offshore support vessels amidst a favourable global macroeconomic environment. Executive chairman Ng Chin Heng said…

The two world?s leading European marine engine manufacturer companies, MAN Diesel and Wärtsilä Corporation have agreed to set up a large-scale cooperative research project codenamed HERCULES-B. This large innovative research and development…

Tsuji Heavy Industries of Japan and Clipper Group of Bahamas have signed a contract for the construction of another 12 newbuildings of the 30,000 dwt 'Trader' type, being double-hull, handysize bulk carriers.…

Aker Yards has won a contract with the Stolt-Nielsen Transportation Group (STNG) in Rotterdam, Netherlands, to deliver four innovative parcel tankers with stainless steel cargo tanks. The contract represents an important strategic…

Nautilus Minerals Inc in Vancouver, Canada, has entered in to a Heads of Agreement with Belgium based Jan De Nul (JdN), one of the world's leading international dredging companies. Under the agreement,…

The Dutch company SBM Offshore has received three letters of intent from Brazilian drilling contractors for the supply of DP semi-submersible drilling units. These loi's were issued in the context of ongoing…

Novoship in Russia placed new order for four 112,000 dwt Aframax product tankers with Hyundai Heavy Industries. Delivery is slated for 2009.

Hanjin Heavy Industries and Construction Co. of Korea will expand its shipbuilding facility at Subic Bay Freeport by at least 100 hectares to house a training center and water treatment substation and…

Incat?s in Tasmania has delivered a new 98 metre Wave Piercing Catamaran to one of Spain?s largest shipping companies, Acciona Trasmediterr?nea (AT). Milenium Tres is the sixth Incat high speed catamaran to…

The Norwegian businessman who wants to save the bankrupt Davie shipyard says the deal is back on. If the $30 million deal is concluded, the Canadian shipyard will re-open for business before…

The Domecq Garc?a shipyard in Buenos Aires, Argentina, is slowly coming to life again after having been closed down in the 1990s. This specialized shipyard, set up in the 1970s to maintain…

The Indian shipping industry will need to send 56% of its merchant fleet to the scrapyard in the next five years according to the Indian National Shipowners? Association (INSA) and, as a…