General News

Ulstein Verft has been asked to build an ULSTEIN A102-type anchor-handling vessel for Bourbon Offshore Norway. The contract contains an option for a sistership. This is the first time a vessel of…

China Merchant Group (CMG) has started the construction of a huge repair facility at Mahoudao, Shenzhen. The 63 hectare repair facility will be completed by 2006 at a cost of $278 million…

As part of its expansion programme, United Arab Shipping Co. (UASC) has signed a contract with Hyundai for eight 6,500TEU container ships in a deal worth about $840 million. The first newbuilding…

Danish owner Stevn, part of the Nordane Group, has ordered two Z-drive multifunction ice class tugs from Irving Shipbuilding's East Isle Shipyards, Prince Edward Island, Canada. The order is worth $15.7 million…

Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build…

The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six…

Korean shipbuilders, including the world?s largest yard Hyundai Heavy Industries, may increase ship prices to an all-time high to compensate for rising steel costs. London-based shipbroker Simpson, Spence & Young said that…

State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson…

Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the…

Norwegian Cruise Line (NCL) has invested in PC Rembrandt, the latest development in ship-handling and manoeuvring simulation. Developed by BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), PC Rembrandt Version…