General News

Matson Navigation in the US has signed a $17 million contract with Atlantic Marine Alabama to convert a Matson containership to one that can partly serve as a vehicle carrier. The ?Mokihana?…

Concordia Maritime in Sweden has exercised existing options and placed an order with the Brodosplit shipyard in Croatia for a further two vessels in the P-MAX series, thus extending the series to…

Two more for MaerskAP. Moller - Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The value of…

Stolt-Nielsen Transportation Group has ordered four 44,000 DWT product tankers from SLS Shipbuilding in Korea. The aggregate price for the four ships is expected to be approximately $340 million with deliveries scheduled…

Vinashin Lines Ltd Co, a subsidiary of Viet Nam Shipbuilding Industry Corporation (Vinashin), signed two major shipbuilding contracts. Under the first contract, the Ha Long Shipyard will build one 54,000 dwt bulk…

Offshore drilling rig contractor Ensco International has contracted Singapore shipyard Keppel FELS to construct a $385 million ultra-deep water semisubmersible rig. Delivery is scheduled for the fourth quarter of 2009.Ensco said is…

Stocznia Gdynia in Poland may next year receive the stakes of companies whose minority shareholder is still the Polish state. The shipyard has started negotiations with its potential investors including Israeli shipowner…

In what could be the world?s fourth-largest shipyard is nearing completion in Redondo Peninsula, Subic Bay, Philippines, and it promises to generate $3.6 billion in annual sales. The $1 billion Hanjin Shipbuilding…

Hyundai Heavy Industries (HHI) is in advanced talks to buy Chinese steel maker Qinhuangdao Shouqin Metal Materials Co. Ltd. after completing due diligence. "We are in negotiations over the terms of the…

Mitsubishi Heavy Industries (MHI) will build container ships using Nippon Steel Corp. steel plates with a tensile strength much stronger than plates used in commercial ships throughout the industry. The plates, which…