General News

The Joint Iran-India LNG consortium in its first step for LNG export is to place an order for 8 new carriers valued at $1.6billion. Four of the ships will have a capacity…

The Vietnam Shipbuilding Industry Corporation (Vinashin) has signed a contract to build seven more Diamond 53,000 dwt bulk carriers for export to Britain. This latest contract brings the number of the Diamond…

Verreault Navigation Inc. of Les Méchins, Quebec in Canada, has been awarded a $4.8 million contract to modify and enhance some of the design elements of the ferry Madeleine operated by CTMA…

Fincantieri and Tallink signed a contract to build two new generation, high performance, ice-class cruise ferries, one of which is an option. Tallink, the leading Estonian ferry operators and one of the…

Korean shipbuilder Samsung will build four ice-class 70,000-ton tankers for Russia?s oil major Lukoil to help it export crude from the Arctic to Western markets. Delivery is scheduled for 2008 and will…

A South Korean state agency that is jointly selling 51% of Daewoo Shipbuilding & Marine Engineering (DSME) might reject bids from companies that did not support national interests. Korea Asset Management (KAM),…

Hyundai Heavy Industries has won an order for two 60,000 m3 LPG carriers from Solvang and two 35,000 m3 LPG carriers from Itochu in Japan at the total contract price of $300…

Daewoo Shipbuilding has captured a contact for two semi-submersible drilling rigs from Frigstad Offshore Drilling in Singapore at the price of $480 million.They will be delivered on December 2008 and June 2009…

Newfoundland and Labrador in Canada could be the big winner in Ottawa's $1.8 billion plan to replace the navy's aging supply ships, as two of the four consortiums bidding on the project…

Petroleo Brasileiro SA, Brazil's state-controlled oil company, opened bidding on more than $1 billion of contracts to build 26 oil tankers and other vessels as the company boosts its spending on domestic…