General News

Wärtsilä has signed a global service agreement with the leading screw pump manufacturer IMO AB of Sweden to establish a stronger after-sales network for IMO's complete product range. The cooperation agreement signed…

Vyborg Shipyard in Russia will start building a new super shipyard that will enable it to build oil tankers and LNG carriers with deadweight of more than 170,000 tonnes making it the…

Another Bangladesh shipbuilding company signed a memorandum of understanding with a Dutch firm to supply eight sea-going vessels worth $87 million. Highspeed Shipbuilding & Engineering Co Ltd signed the MoU with Hollander…

The world?s first modern multipurpose heavy lift project carrier newbuilding, which uses wind energy as additional propulsion, has successfully completed her two-month maiden voyage last week, after a double transatlantic passage totalling…

There are growing signs the credit crunch that began with the US housing market is spreading to the world's shipyards. Over the last couple of years order books at most shipyards around…

Rolls-Royce has won a £58 million contract to deliver design and equipment systems for two of the world?s most advanced offshore support vessels, a first for the Chinese market. The vessels have…

Malaysian shipbuilder Coastal Contracts Bhd expects to secure a further $126 million worth of new offshore support vessels (OSV) orders this year, said executive chairman Ng Chin Heng.Ng said the Sabah-based company…

The Shipping Corporation of India (SCI) may soon forge a mega shipyard JV with India?s leading shipbuilding company ABG Shipyard. Some sources close to the development say that South Korean shipping major…

Brian Chang, chairman of Yantai Raffles Shipyard Limited (YRSL) has signed an agreement to sell approximately 29.9% of YRSL's issued share capital to China International Marine Containers (Group). The deal, valued at…

Following a spate of fatal accidents at the shipyard of Hanjin Heavy Industries and Construction Co. in Subic, Philippines, the shipbuilder decided to form a special committee that would monitor compliance of…