Month: September 2007

Which rule affects my fleet? That is the central question for shipowners, managers and shipyards when it comes to international maritime regulations from IMO, ILO and IACS. The new "GL Rules Pilot"…

The Mukesh Ambani-owned Reliance Group in Mumbai, India, is set to make a splash in shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around…

Swissco Offshore Pte Ltd, the wholly-owned subsidiary of Singapore-based Swissco International, placed orders for two offshore support vessels (OSV) at a cost of $9.91 million, excluding owner's supplied items. The first unit…

Oil and gas drilling contractor GlobalSanteFe Corp. has ordered a new ultra-deepwater exploration and development drillship from Hyundai Heavy Industries. Shipyard costs for the drillship are expected to total about $740 million…

Oslo-based Awilco Offshore said it has received an option to build a fifth semi-submersible drilling rig at China's Yantai Raffles shipyard. "The option can be exercised until end December 2008, and would…

ABG Shipyard is likely to pick up a 40% stake in Western India Shipyard for $56 million. ABG bought the shares held by institutional investors ICICI, IDBI, Bank of India, State Bank…

The Canadian shipping company Algoma Central Corp., which operates on the Great Lakes, says it has struck an agreement with the Jiangxi Jiangzhou Union Shipbuilding Co. Ltd. in Jiangxi, China, to build…

Rickmers Maritime of Germany has signed an agreement to acquire another four 4,250 TEU container vessels. This is on top of its recently-announced acquisition of four 13,100 TEU vessels. Together, the new…