Month: January 2008

Another shipping line is looking at reducing sailing speeds as a way of cutting bunker consumption. Koji Miyahara, President of the Japanese NYK Group, has called for a ?rationalization? of Group policy.…

The Shipping Corporation of India (SCI), India?s largest liner shipping company, plans to start building ships and is currently in talks with private shipbuilders at home and abroad for a shipyard project…

Italy's deputy transport minister Cesare De Piccoli said the idea of a merger of Aker Yards ASA with Italy's state-owned shipbuilder Fincantieri SpA is gaining industry and political support. Aker Yards management…

South Korean shipbuilder C&Heavy Industries has won a 99.5 billion won ($106.2 million) order for two bulk ships from an unidentified European company. Both newbuildings are scheduled for delivery by September 2011.

A year after the Miami-based Yachts of Seabourn announced that it would build two new ultra luxury ships, it has exercised the option for another 32,000 gt cruise ship. Advance booking activity…

Shanghai Waigaoqiao Shipbuilding (SWS) has won the contract to build China?s first deepwater drilling rig for China National Offshore Oil Corporation (CNOOC) with ABS awarded classification. The rig will be the first…

Ulstein Design has signed contracts with the Spanish shipyard Astilleros de Sevilla to deliver design and equipment packages for two Ulstein PX105 platform supply vessels. The ships will be built for the…

Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has won tow orders valued at 284 billion won ($302 million) to build six petrochemical carriers. The contracts with a European shipping company…

Rio Tinto, the world's second largest iron ore mining group behind Brazil's Vale, plans to order three very large ore carriers (VLOC) to transport iron ore from Pilbara in Western Australia to…

Dubai Drydocks is planning to invest $200 million this year for acquisitions and joint ventures to maintain its leading position in the ship-building industry in the Middle East. Last year in July,…