General News

Mizho Bank in Japan expects that new order volume in 2007 will be 55 million GT. The bank said that Korean shipbuilders will take new orders at attractive prices because they have…

Hyundai Heavy Industries clinched four PCTCs from Eukor. The 7,900 unit car carriers will be delivered during 2010. Hyundai Samho won a new order for a 1,700TEU container ship from a French…

Shanghai-based China Shipping Development Co. Ltd. (CSD) plans to build six oil tankers worth $307.56 million for delivery in 2009 and 2010 to help expand its ocean shipping business. CSD has signed…

ICICI Ventures is close to picking up Rs 100 crore stake in Chennai-based mid-sized shipbuilder Tebma Shipping. Tebma, which is a Rs 300 crore company, supplies to the Navy and is the…

The Vietnam Shipbuilding Industry Corporation (Vinashin) is reportedly building six ferries to run on the north-south route in Vietnam. The 160 metre ships will be built at an estimated cost of $1.5-2…

India's ABG Shipyard recently delivered a new AHTS vessel, the LAMNALCO MERLIN, to the UAE offshore support services company, Lamnalco Group. This 53 metre long newbuilding is the sixth vessel to be…

A mass meeting of the workforce of Ferguson shipyard at Port Glasgow in Scotland is planned following threats that two thirds of the workers could be made redundant and threatening the survival…

Aker Yards ASA has won a 4 billion nkr vessel deal from newly-formed sister company, Aker Oilfield Services (AOS). The contract involves the construction of four large well intervention/construction vessels, and includes…

Palmali Shipping of Istanbul further cemented their relations with the Russian shipbuilding group MNP when they signed a contract for the construction of ten 6,900 DWT chemical tankers at the Krasnoye Sormovo…

Aker Yards has entered into a contract with DOF ASA for building of two AHTS (anchor handling tug supply) vessels, and an option to build another two vessels. The value of the…