News

Keppel Singmarine in Singapore has clinched contracts worth $164 million for two highly specialised vessels from Lukoil Kaliningradmorneft, a subsidiary of the Russian oil giant Lukoil Oil Company. These two new contracts,…

The biggest ever naval construction project in the Arabian Gulf Region was officially launched today with the keel laying ceremony of a Corvette at Abu Dhabi Ship Building (ADSB).The vessel is one…

Hanjin Shipping has entered into service the 6,655TEU ?Hanjin Bremerhaven?, the world's fastest containership, on its Asia-Europe trade.Built by Hyundai Heavy Industries in Korea, the 304 metre long newbuilding is the first…

The European Commission (EC) has decided to extend its formal investigation under EC Treaty State aid rules into aid granted by Greece to Hellenic Shipyards S.A. (HSY), based at Skaramangas near Athens.…

Rolls-Royce has delivered the first three gas turbine generator sets which will provide the main electrical power system for the Republic of Korea Navy?s first 7,000-tonne destroyer, designated KDX-III. The first AG9140RF…

MAN B&W Diesel are making a further step in strengthening and consolidating their medium speed engine portfolio. The RK 280, previously developed and sold through the UK branch of MAN B&W Diesel,…

Stocznia Gdynia, the Polish shipyard owned by the Ministry of the Treasure and its subsidies, was expected to get out of the red. Its GSM has agreed to increase the equity by…

Daewoo Shipbuilding has developed scaffoldings to be used in all large LNG carriers? cargo containment tanks using an original design, manufacture and installation for the first time in Korean shipbuilding. In the…

Cosco (H.K) Shipping Co., Limited places new order of two 300,000DWT bulk carriers with the Chinese shipbuilder NACKS. The new order also attaches two options. Ship price and delivery dates are not…

It is intended to construct a shipbuilding yard in the Garadagh District, Baku, by upgrading an existing shiprepair yard. Azerbaijan state-owned Caspian Sea Shipping Company?s chairman, Aydin Bashirov, told journalists that there…

Swiss-based ABB has won a contract to provide an electrical power plant and podded propulsion system for a train ferry between the eastern Chinese cities of Yantai and Dalian. Construction of the…

Dutch-based offshore survey company Fugro N.V. has placed an order for a new vessel (Geo Caribbean) with the Bergen Mekaniske Verksted (BMV) shipyard in Norway. The vessel will be owned by Fugro…

Three Letters Of Intent have been received by Atlantia Offshore Limited, a fully-owned subsidiary of SBM Offshore N.V., from several Brazilian drilling contractors in the wake of major drilling contracts recently awarded…

A new 2,500-tonne floating dry dock will be built by the Chinese shipbuilder Penglai Bohai Ship Co for the Ketchikan Shipyard, in Alaska, at a cost of $9.2 million for delivery in…

Grindrod?s ship owning arm, Unicorn Shipping, has placed shipbuilding orders for two high-specification bunkering barges and secured options for more from a southern China shipyard.This had been done in response to the…

Wärtsilä has acquired the German service company INTEC Injectortechnic GmbH from the four persons owning and managing the company. The Hamburg-based company is specialized in fuel injection equipment, providing installation and services…

Wärtsilä Corporation has introduced a new compact, high-performance waterjet that is optimized for fast vessels. The new Wärtsilä LJX waterjet offers, in comparison with other waterjets available today, a 25% reduction in…

Daewoo Mangalia Heavy Industries (DMHI) shipyard, the biggest shipyard in Romania, last year recorded losses worth 18.5 million euros despite a 46% increase in its turnover. DMHI slipped into the red mainly…

South Korea's top three shipyards are likely to win higher-than-expected orders worth at least $30 billion this year on strong sales in the first half of the year, industry sources said. The…

China Shipbuilding Industry Corp (CSIC), one of the nation's two state-run shipbuilding groups, plans to triple its turnover by 2015 when it expands its building capacity to meet rising global demand. The…