News

The Perak government in Malaysia has approved a land area of 69.76 hectares in Sungai Manjung, Lumut, on the west coast, for carrying out shipyard operations. About 24 hectares of the area…

Japanese steel makers are trying to hike the price of thick steel plate for shipbuilding by $43 per tonne for all deliveries from October onwards. Price negotiation with shipyards will start next…

The Canadian government is set to announce the selection of a builder for the navy's three new 28,000 tonne joint support ships with a combined price tag of $2.1 million. A consortium…

The Malaysia International Shipping Corporation (MISC), the world's biggest owner of liquefied natural gas (LNG) tankers, has placed a new order to build four product tankers. The contract value for the 38,000…

Shipbuilding has emerged as the second most important business for Dubai Drydocks which has invested $60 million in its shipbuilding infrastructure designed to open a new stream of revenues. Expansion in a…

US oil major Chevron has ordered a 100,000 barrel per day vessel-based oil rig with Dutch maritime engineering group SBM Offshore NV for its Frade project in Brazil.Chevron officials declined to give…

Aker Yards has entered into a contract with DOF ASA for the building of one Diving Support Vessel (DSV), and a contract with DOFCON and Technip for a second DSV. Aker Yards…

The ailing Gdansk Shipyard in Poland, which went bankrupt in 1998 and has since been part of the state-controlled Gdynia Shipyard group, is up for grabs again because Gdynia group is itself…

The Department of Homeland Security in the USA has rejected an AFL-CIO complaint about use of foreign-made parts at the Aker Philadelphia Shipyard, prompting the union to vow a political fight over…

The Houston-based offshore drilling contractor Transocean Inc. has placed an order with Daewoo Shipbuilding and Marine Engineering yard (DSME)in Okpo, South Korea, for the construction of a dynamically positioned, double-hull drill rig…

Daewoo Mangalia Heavy Industries in Romania clinched four Panamax container ships. Gebab Holding GmbH & Co. KG and Conti Holding GmbH & Co. KG ordered two vessels each at a total price…

Aker Yards has signed an agreement with Kleven Maritime to acquire Kleven Flor? AS, and Kleven Design AS, both located in Flor?, Norway, at a cost of NOK 60 million including debt,…

Venezuelan state-run oil giant PDVSA confirmed its plans to order two oil tankers from an Argentine shipyard, following claims in Buenos Aires that such a project announced in July 2004 came to…

Shina Shipbuilding in South Korea clinched an order from Polyar Tankers for two 49,700 dwt product carriers for delivery during 2009. The contract has two options attached.

DNV has launched its new Nauticus Hull Software, which provides unique support for the Common Structure Rules (CSR) for both tankers and bulk carriers, only two months after the rules came into…

Samsung Heavy Industries has secured an order for a semi-submersible drilling rig from a European ship owner and an FPSO from an Asian ship owner. The $481 million rig is slated for…

South Korea's seven major shipbuilders, which delivered 38% of the world's vessels in 2005, may raise the price of new ships by 5% to take advantage of record orders and protect their…

The Hamburg based shipping company E.R. Schiffahrt, which is part of the Nordcapital Group, Hamburg, has put another container ship into service recently. Named ?E.R. Toulouse?, the latest addition is a super-post-Panamax…

Tianjin Xingang Shipyard has received an order for a third rail ferry ship from China Rail. The first ferry will be delivered on July 8 this year with the second unit following…

STX Shipbuilding clinched four 38,000 dwt product carriers from MISC at a total cost of $190 million for delivery from 2009 to 2010.