General News

In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for…

Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk (Greenland) to build two ice-strengthened container ships for arctic operation. The contract confirms Aker Yards' position as the…

Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan…

Marine engineering specialist Hock Seng Lee Bhd (HSL) in Sarawak, Malaysia, is diversifying into ship building, maintenance and repair that will enhance its exposure to the oil and gas sector. To that…

The state and private sectors have joined to coordinate their efforts to upgrade Thailand's shipbuilding industry with an aim to make the country become ASEAN's shipbuilding and repair center. Atchaka Sribunruang Brimble,…

Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya.…

The Russian bank Vnesheconombank will be financing the construction of an 18 billion-ruble ($733 million) shipbuilding complex in St. Petersburg owned by billionaire Sergei Pugachyov.The state-owned bank signed an agreement last week…

Aker Yards ASA has dismissed a Finnish media report claiming the construction of the world's two largest cruise ships is in danger of falling behind schedule. An Aker Yards' spokeswoman said the…

Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price…

Hong Kong?s two ship repair yards, HUD and Yiu Lian, are reporting unheard of 90% dock occupancy for the past 18 months. Yet, if this important sector is to continue then the…