General News

The American cruise operator Celebrity Cruises, an affiliated company of Royal Caribbean Cruises Ltd., has ordered another large cruise vessel from Meyer Werft in Papenburg, Germany. The contract for the construction of…

Kawasaki Kisen Kaisha, Ltd. ("K" Line) has entered into service its new 140,000 cbm Moss type LNG carrier "Arctic Discoverer", constructed at Mitsui Engineering and Shipbuilding's Chiba Works in Japan. The vessel…

Seaspan Corporation based in Vancouver has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG ("Conti") of Germany. This acquisition is incremental to Seaspan's original…

South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labour and large construction facilities. Leading the pack is Samsung Heavy Industries which…

IHC Holland Merwede?s subsidiary Merwede Shipyard has received a contract for the design and construction of a new Pipe Laying/Offshore Construction vessel from Subsea 7 at a cost of $170-200 million depending…

Aker Yards has confirmed an optional agreement with Siem Offshore to build two platform supply vessels (PSV). The value of the contract is approximately $40 million and delivery is scheduled for second…

Wärtsilä Corporation has acquired the entire business of Total Automation Ltd, a Singapore-based public marine automation company, and all Total Automation's shares in its subsidiaries at a price of approximately EUR 61.6…

Brazilian engineering company Ultratec will invest $7.8 million to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 FPSO. Federal energy company Petrobras will lease…

Eukor Car Carriers Inc in South Korea placed an order of four PCTCs with Hyundai Samho Heavy Industries. The new 6,500 capacity car carriers will be delivered by second quarter of 2009.

Jiangdong Shipyard in China clinched eight 12,000DWT multi purpose carriers from two German ship owners with delivery of 2008. Each owner ordered four ships.