General News

Samsung Heavy Industries in South Korea has clinched an order from Ferncliff Drilling AS in Norway for the world?s largest drill ship costing $550 million. The 300,000DWT drill ship is 228m long…

Vinashin?s subsidiary, Nam Trieu Shipbuilding Industry, last Friday signed a contract to build two 56,200-DWT bulk carriers for Japan?s Itochu Co. Nam Trieu expects to complete the first ship in December 2008…

Greatship (India) Limited, wholly owned subsidiary of The Great Eastern Shipping Company Limited, Mumbai India, has confirmed an agreement with Aker Yards, for the building of two PSVs of UT 755 LN…

Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, plans to order as many as 18 LNG tankers to supply gas to markets including the USA. Woodside, 34% owned by Royal Dutch…

Aker Yards ASA reported an EBITDA of NOK 357 million for the first quarter of 2006, an increase of 125% compared with the first quarter of 2005. The order intake in the…

Donbas, a Ukrainian steel producer, is considering investing in the Polish shipyard of Stocznia Gdynia (SG). Their proposition is expected next week and SG needs $96 million in capital. Donbas has long…

One of the world?s largest and strongest classification and certification company, Bureau Veritas, grew strongly again during 2005. In its tenth consecutive year of growth, BV increased turnover to Euro 1,647m (US$…

Vinashin will invest VND300 billion ($18.9 million) in the construction of a shipyard in the southernmost province of Ca Mau. The shipbuilder has selected a 54 hectare site in the province?s Nam…

Five major European naval shipbuilders have formed a club to promote synergies in materials procurement as part of broader efforts to reduce costs. The companies, BAE Systems, DCN, Fincantieri, Navantia and VT…

Shipbuilding contracts secured by Korean shipyards in the first quarter accounted for more than half of the entire orders received worldwide. According to London-based ship broker Clarkson, Korean shipbuilders won more than…