News

Cosco has won its first contract to build the hull of a FPSO vessel at a cost of $120 million. The vessel combines drilling, production and storage facilities and is designed for…

International classification society Bureau Veritas (BV) has joined forces with leading yacht designers and builders to completely re-engineer its Rules for Classification and Certification of Yachts. The new Rules, launched yesterday, build…

US classification society ABS has given full design approval for the class of the compressed natural gas (CNG) carrier designed and developed by Canadian-based Sea NG Corporation. Full approval follows the earlier…

The Latvian Shipping Company (LASCO) has taken delivery of its second Craotian built products tanker, the 51,800 dwt ?Jurkalne?, from the 3.Maj shipyard. The commissioning ceremony of the first of the 10-ship…

DOF ASA in Norway has placed a newbuilding order with Tebma Shipyard Limited in Goa, India, for two supply vessels (PSV), design VS 470 MK II. These 73.40 m long, 3,800 dwt…

Six years after it expanded its operations to the US, Western Australian shipbuilder Austal has bought out its minority American partner in the rapidly growing venture for $20.6 million. The acquisition of…

Hyundai Mipo Dockyard clinched four 37,000DWT product carriers from a European ship owner at a total price of $166.4 million. They will be delivered by November 2009.

The Nigerian Navy is making plans to commence shipbuilding locally in the near future with a view to meeting the navy?s requirements. This disclosure was made by the Admiral Superintendent of the…

Stocznia Szczecinska Nowa Shipyard, owned by the Industrial Development Agency (ARP), will cease to receive state guarantees for production financing at the end of the year. Although further subsidies will have to…

Industry stakeholders in the Aircraft Carrier Alliance (ACA) established to deliver the UK's Future Aircraft Carrier (CVF) programme are to submit their latest pricing data on 20 September 2006, a little over…

Fincantieri has won an order worth over 80 million euros ($101 million) for the construction of four patrol vessels for the Iraqi Navy. The ships will be delivered within the first six…

At a recent board meeting of Scania AB in Stockholm, the directors unanimously decided to reject an offer from the Chairman of the Executive Board of MAN AG, which could have led…

Solstad Offshore ASA (SOFF) in Norway has signed a letter of intent with compatriot shipbuilder Flekkefjord Slipp og Maskinfabrikk AS for the building of a large construction vessel. The new vessel will…

AP Moller-Maersk AS will order 25 vessels from Chinese shipbuilders including Qingdao Qianjin Shipbuilding within the next 12 months, the China Business News reported. Citing an unnamed source from Maersk's China office,…

Poland?s Gdynia Shipyard placed two orders with Swedish cargo equipment manufacturer TTS Ship Equipment AB, to supply almost 14,000 tonnes of roro equipment. The orders cover the supply of equipment for a…

Schat-Harding, the world?s leading supplier of lifeboats and davits, has purchased the independent lifeboat servicing business of Singapore-based Lyttelton Marine.David Bradley, Schat-Harding group after sales and service manager says, "Singapore is a…

Cascade Technologies has secured a technology licensing deal with BP, valued at in excess of £4million to the company over the next three years. The partnership will see Cascade Technologies, a major…

MALAYSIA has called for the burden of maintaining the Straits of Malacca to be shared by all users, not just the littoral states. The Straits, one of the world's busiest shipping lanes,…

Shanghai Shipyard & Chengxi Shipyard Company Ltd has recently built a 3,500 TEU container vessel in only 54 days, breaking China's record of 60 days for a mid-sized container vessel. The shipyard's…