General News

Daewoo Shipbuilding has secured a $370 million newbuilding order for three 306,000dwt VLCCs from Pacific Star International Holding Corp. At $124 million each, this is the highest price paid for a VLCC…

EnSolve Biosystems has been awarded a contract option by the US Navy to develop a biological treatment system to remove petroleum products from decommissioned ships prior to disposal. The Phase II SBIR…

The Martinac shipyard in Tacoma says it deserves a chance to compete for a $223 million contract to build four new double-ended ferries for Washington state. However, the state Department of Transportation…

A freak wave, measuring 21 metres high, struck the 92,250gt Norwegian Dawn owned by the Norwegian Cruise Line while sailing from Miami and the Bahamas to New York. Built in 2002, the…

Hyundai Mipo Dockyard won an order from Bermuda-based Eships Tankers for five 13,000DWT product chemical tankers at the price of $124 million. All five ships will be delivered by June 2007.

Vizag-based Hindustan Shipyard Limited (HSL), which is struggling financially, is expecting new orders worth more than $240 million in 2005-06. A spokesman for the yard said the yard?s shipbuilding order book was…

Kvaerner ASA and Overseas Shipholding Group of New York have signed an agreement in principle to bareboat charter ten newly built double-hulled product tankers. Under the agreement, Kvaerner's subsidiary, Kvaerner Philadelphia Shipyard,…

Wärtsilä has been awarded an order to supply the 19.7MW power plant for a yacht carrier contracted by the heavy transport specialist Dockwise Shipping BV, based in Breda in the Netherlands.The yacht…

INTERTANKO supports the investigation and prosecution of illegal discharges of oil from ships but strongly objects to criminalising accidental oil pollution and to treating seafarers as criminals Any criminal offence of pollution…

The letter of intent signed in December 2004 between Aker Finnyards and NCL to build an 89,000GT cruise vessel for delivery in spring 2007, has been terminated. The parties have not been…