General News

Havila Shipping ASA (HAVI) has entered into a new building contract with Havyard Leirvik shipyard for 2 anchor handling tug supply vessels (AHTS). The cost for the two vessels is estimated at…

Rem Maritime in Fosnavag, Norway, has signed a contract with Simek shipyard in Flekkefjord to build two offshore vessels. The contract has a total value of $54 million. Build number 118 is…

Over 100 ships under construction with a gross tonnage (GT) of more than 2.1 million were commissioned in October with Germanischer Lloyd (GL) class. These include container ships amounting to over 1.7…

Vietnam?s fledgling shipbuilding industry has its sights on going higher. Although it is still some way behind South Korea, Japan and China, DNV management agree that Vietnam will move higher in the…

The South Korean shipbuilder Hyundai Heavy Industries (HHI) announced that its third-quarter profit rose 21% reflecting the higher newbuilding prices of oil tankers, cargo ships and LNG carriers. Net income rose to…

BC Ferries in Canada has awarded Victoria Shipyards the contract to perform major modification work on the replacement vessel for the ?Queen of the North? which sank earlier this year.In capturing the…

Hong-Kong-based bulker owner, Jinhui Shipping and Transportation Limited, has ordered two handymax bulk carriers from Japanese shipbuilder Tsuneishi Heavy Industries at a total cost of $61 million. The 58,000 DWT vessels will…

Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is Euro 8.7 million. In China, Wärtsilä will invest in the machinery and assembly…

Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the…

ABG Shipyard in India has entered into a technical collaboration with Friede & Goldman of the U.S. for manufacturing offshore oil rigs at Dahej in Gujarat. The agreement was signed in October…