News

Exmar, the Belgian shipping group, is going ahead with the OPTI-EX Floating Production System and is also considering a separate listing of its offshore division. The company has signed a letter of…

The Tasmanian shipbuilder Incat has secured a contract to supply a new fast ferry for one of Spain?s largest shipping companies, Acciona Trasmediterr?nea. When delivered in August, the new 98 metre vessel…

Hyundai Mipo Dockyard in Korea clinched four general cargo carriers at a total price of $244 million. Ordered by the Norwegian shipping company Grieg International, they will be delivered by February 2010.

The Sultanate of Oman and Austal signed a contract for two 65 metre, 50 knot, multi-purpose passenger-vehicle catamaran ferries. The identical aluminium vessels, scheduled for delivery in 2007 and early 2008, have…

South Korea plans to invest $3.4 billion over the next 10 years to nurture the nation's marine technology, the government said recently. A total of $3 to $4 billion will be spent…

Italian classification society RINA has launched a series of dedicated training courses for ship operators and shipyards, under the banner of the RINA Academy. Courses are currently available in the RINA head…

News that the US Navy's new destroyer/cruiser replacement ? DD(X) ? has been axed comes as a major blow to the Navy and to the US military in general. DD(X) has been…

The Dutch-based company Fugro has signed a long term charter agreement (with a purchase option per 2013) with E Forland Shipowners for a new-build ROV offshore construction and subsea support vessel. The…

Halul Offshore Service (HOSC), a leading Qatari offshore support services company, has signed a contract with a Singapore-based ship builder for the construction of four safety standby vessels at a cost of…

Following yesterdays announcement that China State Shipbuilding Corp. and China Shipbuilding Industry will be building 18 crude oil tankers for Petróleos de Venezuela (PDVSA), Venezuela has ordered another 24 new tankers to…

BAE Systems and VT Group have abandoned talks concerning a joint takeover of UK naval services group Babcock International, arguing that the surge in the company's share price meant it no longer…

A south Tyneside shipyard which faced extinction a year ago has doubled its workforce and bounced back to commercial success. In stark contrast to struggling Swan Hunter, which could close soon due…

Daewoo Shipbuilding in South Korea has won contracts for two LNG RVs and two LPG carriers valued at $730 million for delivery by July 2009. The two 150,900 cbm LNG RVs were…

Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO) has managed to conclude an agreement worth $5 billion on the development of marine industries and shipbuilding with Venezuela. In addition, Iran, Venezuela and…

CSSC has clinches 45 ships of 3.37 million DWT, 252% up compared with the same period last year. For the first three months, CSSC has delivers 1.45 million DWT. As at the…

A 300,000-tonne floating dock, the largest of its kind in the world, went into service recently in northeast China's coastal city of Dalian. The dock, which is 340 metres long, 76 metres…

A deputy head of the Islamic Republic of Iran Shipping Lines (IRISL) predicted that the country?s shipping business would need some 450-500 ships in the next 15 years in order not to…

Petroleos de Venezuela SA (PDVSA) may buy 18 oil tankers from China for $1.3 billion as South America's largest oil company seeks to boost exports to Asia. Preliminary orders for the tankers…

The Qatar Gas Transport Company (Nakilat) is expected to procure 50 LNG ships by 2012 with delivery slated from the third quarter of 2007 until 2012. The ships, a combination of 215,000…

Concordia Maritime in Gothenburg and Brodosplit shipyard in Croatia have issued final approval of the newbuilding contract for vessels number seven and eight in Concordia Maritimes P-MAX-series. These 65,200 dwt vessels are…