Month: April 2008

Greek owner Delta Tanker has ordered three VLCCs from South Korea's Hyundai Heavy Industries (HHI) for a record unit price of $156 million. This broke the previous record price of $154 million…

Russia?s Sovkomflot OJSC is eyeing the possibility of ordering a series of gas carriers from Admiralty Shipyards in St. Petersburg. According to local sources, the scope of the order will depend on…

China State Shipbuilding Co. (CSSC) said its first-quarter profit more than doubled after rising demand led to higher prices for vessels. The Shanghai-based company said that net income climbed to 984 million…

Austal has successfully launched its landmark 127 metre Littoral Combat Ship ?Independence? (LCS 2) in what proved a momentous occasion for the company as it celebrates its 20th year.Since its keel laying…

Daewoo Shipbuilding & Marine Engineering (DSME) plans to spend 163.2bn won ($164m) to expand its facility for the production of vessel parts. The investment will be made by March 2010 at its…

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is…

The international shipbuilding group Aker Yards ASA could help build a huge shipyard worth $1 billion in north-western Russia. A year ago, Moscow announced plans to build a large shipyard for manufacturing…

Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, took delivery of its new state-of-the-art deepwater Flex / J-lay vessel, the ?Seven Seas?. The newbuilding is designed to…