Month: September 2009

Shanghai Shipyard has reportedly won a $250m contract from state-owned Cuban company Acemex to build ten handysize vessels. Each 35,000 dwt vessel will cost $24m-$25m.

Korea's top spot in the shipbuilding industry for the last 10 years is now under threat and faces strong challenges from China.Since first reaching the 10 million-ton mark in orders in 2000,…

Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently…

Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years . SHI was among the shipbuilders who submitted tenders in connection with a project by India's Reliance Group…

Yellowfin, a unique marine propulsion technology business, has gone into administration and is being marketed for sale by leading asset consultancy Edward Symmons on behalf of Administrators, RSM Bentley Jennison & Co…

The joint industry project FellowSHIP today passed an important milestone with the installation of a full scale fuel cell on board the Eidesvik owned offshore supply vessel Viking Lady. This will be…

Caterpillar has announced the development of a new line of diesel engines at a gathering of financial analysts in Peoria, USA. The first models of the new C145 engine line will complement…

In its third significant commercial order this year, the Western Australian shipbuilder Austal will design and construct four 41 metre high speed passenger catamaran ferries for the Republic of Trinidad and Tobago.Designed…

The Brazilian shipyard Atl?ntico Sul Shipyard (EAS) held its first keel laying ceremony earlier this month when it commenced the construction of a Suezmax oil tanker, the first of the Transpetro fleet…

Brazil?s state-run Petrobras will launch a bid round on 28 oil rigs to be built in Brazil and used for massive offshore subsalt fields, the company said. Brazil plans to rely mostly…