Month: June 2007

Hyundai Heavy Industries has won an 857 billion won ($923 million) order to build eight container vessels. The deal from a European company calls for HHI to deliver the ships by December…

Samsung Heavy Industries has secured a sizable order from an Asian customer to build an FPSO in a contract worth $470 million. The vessel will be delivered by September 2010.

BMT Group Ltd, the UK-based maritime consultancy, launched its India operations last week in an attempt to tap into the ship-building boom in the country. Several Indian companies have been looking to…

COSCO Group, China's shipping conglomerate, has signed a deal with Japan's Kawasaki Heavy Industries Ltd. to build a shipyard in northeast China, their second such venture in the country.COSCO will control 70%…

Nordic Heavy Lift subsidiary Avonway has ordered a unique crane vessel with a record 5,000 tonne single mast lifting capacity from Singapore?s Sembawang Shipyard. Sea of Solutions, part of the Offshore Ship…

Nam Cheong Dockyard Sdn Bhd in Miri, Sarawak, Malaysia, is planning to expand its business overseas and increase its shipbuilding capacity on the back of higher demand for oil and gas support…

In addition to the six newbuildings announced in the press release dated 2 May 2007, the Norwegian ship owner Camillo Eitzen & Co ASA signed agreements for long term time charter with…

China's Cosco (Zhoushan) Shipyard Co., Ltd. has received newbuilding orders worth nearly $1.2 billion. Of this, $669 million is accounted for by contracts from Cosco International Ship Trading for twelve 57,000 dwt…

Stavanger-based SeaMetric International AS has signed a contract for the construction, assembly and testing of the first 20,000 tonnes capacity Twin Marine Lifter (TML) system. Developed for installation and removal of such…

South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such…