News

Daewoo Shipbuilding clinched a 171,800 cbm LNG carrier from TMT Co in Taiwan with delivery of August 2010 and two 83,000 cbm LPG carriers from Brave Maritime Corporation with delivery of January…

The Greek shipping company DryShips has signed contracts to build two Panamax bulk carriers at a Chinese shipyard at a cost of $33.25 million each.

Saipem of Italy has been awarded a contract for the provision and management of an FPSO vessel by the Angolan oil company Sonangol P&P. The vessel will be used for the development…

IHC Holland Merwede has decided to commission a fourth slipway in the Netherlands, namely the former van der Giessen-de Noord slipway in Krimpen aan den IJssel, claimed to be Europe?s largest covered…

The US offshore drilling company, Dallas-based Ensco International Inc., has signed a contract worth approximately $385 million with the Keppel FELS Ltd. Shipyard in Singapore to construct an ultra-deepwater semi-submersible rig. Delivery…

Aker Drilling has decided not to exercise options that expired on 30 September this year, for delivery of another two semi submersible drilling rigs from Aker Kvaerner. Construction of the company's first…

The European Union (EU) Member States' ministers responsible for competition unanimously agreed to follow the European Commission's (EC) advice and repeal Regulation 4056/86. This Regulation, which has been in force since the…

The Singapore shipbuilder ASL Shipyard has secured new shipbuilding contracts worth a total of $32.5 million for the construction of five vessels for a customer in Europe fordeployment in the Middle East…

The production of Viking XPRS, a new type of fast car passenger ferry, was started in Aker Yards, Turku on 3 October with the cutting of the first plate for newbuilding No.…

DEME?s latest trailing suction hopper dredger was christened in the port of Zwijndrecht, Belgium. Named ?Marieke?, the newbuilding was delivered by IHC Holland Dredgers BV on 28 July. The 5,600 m³ Marieke…

The University of New Orleans (UNO) received a $3.6 million grant from the Defence Advanced Research Projects agency to develop automated tools for programming robots to weld ship components. The grant is…

Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the…

Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) are establishing a joint venture to manufacture large, low-speed marine engines in China. CSIC will hold 50% of the joint venture,…

Matson Navigation in the US has signed a $17 million contract with Atlantic Marine Alabama to convert a Matson containership to one that can partly serve as a vehicle carrier. The ?Mokihana?…

Concordia Maritime in Sweden has exercised existing options and placed an order with the Brodosplit shipyard in Croatia for a further two vessels in the P-MAX series, thus extending the series to…

Two more for MaerskAP. Moller - Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The value of…

Solstad Offshore ASA has entered into a contract with Karmsund Maritime Service AS for the building of two large anchor handling vessels (AHTS). They are developed in close cooperation between SOFF and…

Kuwait Oil Tanker (KOTC) plans to order four VLCCs at a total cost of some $500 million. The new order was approved by the national oil conglomerate Kuwait Petroleum Corp. and will…

Offshore drilling rig contractor Ensco International has contracted Singapore shipyard Keppel FELS to construct a $385 million ultra-deep water semisubmersible rig. Delivery is scheduled for the fourth quarter of 2009.Ensco said is…

In what could be the world?s fourth-largest shipyard is nearing completion in Redondo Peninsula, Subic Bay, Philippines, and it promises to generate $3.6 billion in annual sales. The $1 billion Hanjin Shipbuilding…