News

Aker Drilling has awarded Aker Kvaerner a turn-key contract for the delivery of two sixth-generation deepwater drilling semi-submersibles with an option for another two rigs by 2010. The two drilling rigs are…

China has expressed its strong interest in having a widespread presence in investment projects in Iran, of which, a shipbuilding complex contract in Qeshm Free Trade Zone (QFTZ) will soon reach the…

Daewoo Shipbuilding & Marine Engineering received a $500million order from Norway's Seadrill to supply a semi-submersible oil drill facility. Under the deal, the buyer can place two additional orders for drill facilities,…

The domestic shipping industry will require US $2 billion to replace the existing fleet older than 20 years. The current capacity of all the fleet stands at 8.3 million Gross Tonnage (GT)…

Spanish shipbuilder Navantia is rapidly progressing the construction of its new generation amphibious ship that will be considered by the Federal Government as part of the A$2 billion amphibious ships project.Defence Minister…

Keppel FELS Limited has secured a contract to build a semi-submersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated. The total project value is approximately $312 million and is…

A firm claiming to be the first joint enterprise between a domestic shipyard and foreign enterprise to make ship equipment has been established. A new Chinese company called TTS Bohai Mechanical Equipment…

A subsidiary of SembCorp Marine, PPL Shipyard, is acquiring the Texas-based Sabine Shipyard. No financial details were disclosed. Sabine is a 223-acre shipyard located on the Gulf of Mexico with immediate access…

Carnival has assigned a yet-to-be-built 116,000gt cruise ship to its UK-based unit P&O Cruises. To be built by Italian shipbuilder Fincantieri, the new Ventura is scheduled to enter service in spring 2008,…

Nippon Yusen KK, Japan's biggest shipping company, has revised its plan to expand its fleet of LNG tankers. NYK?s initial business plan called for it to either own or have invested in…

B.C. Ferries in Vancouver, Canada, has plans to purchase a new ferry from a shipyard in North Vancouver and also may file with the ferry commissioner for another fuel surcharge if world…

The German press has been linking Thales with Germany's OHB Technology AG in a bid to ?Germanize? its bid for Atlas Elektronik. The French defence company has not commented on this rumour…

Autoship Systems Corporation (ASC) in Vancouver, Canada, has added two new clients to their growing Autohydro user group. Alabama Shipyards, part of the Atlantic Marine Group, and Derecktor Shipyards have recently chosen…

Shipyards will have a chance to submit new proposals to build four Washington state ferries after the state dropped its appeal of a court order that invalidated part of its selection process,…

Queensland ship building and engineering company NQEA has won two engineering excellence awards for its construction of a luxury expedition cruise vessel for Cairns-based operator Coral Princess Cruises. Construction of the vessel…

John M Lyras, Chairman of the London P&I Club, has warned that there is a danger that recent moves - particularly within Europe - to criminalise those seafarers whose errors lead to…

OVDS, the Norwegian shipping company, signed a contract with the Italian shipyard Fincantieri for the building of a new cruise ship.The contract is worth $82.7 million and the newbuilding is slated to…

BAE Systems? yards on the river Clyde in Scotland and at Barrow in Cumbria are set to build three of the five ?mega blocks? that will make up each of the UK?s…

The latest addition to Wallenius Wilhelmsen?s (WW) fleet, the 20,228DWT Toronto, was recently christened. The UK registered newbuilding was constructed with a focus on environmental protection and has a carrying capacity of…

Rolls-Royce has won an order from Technip, on behalf of Total Upstream Nigeria Limited, for six RB211 industrial gas turbines to operate in the Akpo oil & gas field offshore Nigeria. With…