General News

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), has secured a $17m contract from Chinese company BGP Inc. to convert a fishing trawler into…

Norwegian ferry company NorFerries plans to order three new high-speed cargo vessels to operate on freight routes between Norway, France, Spain and Britain. According to NorFerries chairman, Sigurd Steen, the company plans…

Deep Sea Supply ASA (DESS) in Norway has today entered into an agreement to acquire 22 shipbuilding contracts for a total consideration of $394 million from Hemen Holding Ltd. (`Hemen), a company…

Radio Holland Group B.V. (RHG) has announced that Imtech N.V. intends to acquire its shares. The acquisition will almost double the revenues of Imtech in the maritime market and place it in…

Korea Line has ordered a 105,500DWT tanker from an unspecified shipbuilder outside South Korea. Contract price is $60 million with delivery during first half of 2008. This is the first time this…

Aker Yards has entered into a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of two large construction vessels, with an option for two sister vessels. The value…

Petroleum Geo-Services ASA (PGS) in Norway has signed an agreement to build a new third generation Ramform vessel at Aker Yards, Langsten. The agreement is subject to satisfactory completion of a final…

Qingdao Hyundai Shipbuilding in China has completed the construction of its first ship since its establishment. The shipbuilder finalized sea trial of a 6,000DWT multi-purpose ship ?Finnland? ordered from Navalis. Ship particulars…

Hyundai Heavy Industries has completed another ship block factory in Ulsan at a cost of $186 million and will have an output of 110,000 tonnes per year.

A delegation from Kuwait Oil Tankers Company (KOTC) will visit China and Japan to evaluate companies that could qualify to build six new tankers for the company. The company plans to build…