Month: February 2007

The joint venture agreement named "CCS & DNV Technology Institute" was signed this week by China Classification Society (CCS) and DNV. The institute which is to be established in Shanghai aims to…

Residential Cruise Line (RCL) has signed a Memorandum of Understanding (M.O.U.) with Aker Yards to build the world's largest and most luxurious residential cruise ship, the ?Magellan?.Designed by the Norwegian firm of…

The newly formed company Marine Subsea Inc. has signed a contract with Ulstein Verft AS to build a well intervention ship of the type ULSTEIN SX121 from Ulstein Design AS. This is…

Hanjin Shipping has put into service the 6,500 TEU ?Hanjin Tianjin? and ?Hanjin Xiamen?, its latest containership newbuildings, on its Asia-Europe trade. These 27 knot high-speed newbuildings are the fourth and fifth…

The Korean shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received order to build a total of nine LNG carriers. DSME will build five of the gas…

Vinashin, Vietnam?s state-run shipbuilder, is to pump VND650 billion ($40 million) into building ten facilities to support the Dung Quat Shipbuilding Industrial Plant in central VietnamConstruction of the factories is scheduled to…

Construction work on the $20 million Arab Shipbuilding and Repair Yard Co. (Asry) slipway project was recently started. The contract for the project, to be completed by February 2008, was awarded to…

Taiwan took another step to distance itself from China by removing or toning down 'China' from the names of two state enterprises. The Economics Ministry ordered the Chinese Petroleum Corp (CPC) to…

Bharati Shipyard in Mumbai, India, has signed a $130.5 million contract with Clipper Group (Management) Ltd. of the Bahamas to build six 20,000 dwt geared bulk carriers. These newbuildings will be of…