General News

Transpetro, the transport unit of Brazil's federal energy company Petrobras, has picked four consortia as finalists to build 26 ships at an estimated cost of $1.9 billion. The company is selecting the…

Chennai-based West Asia Maritime Ltd (WAML), which is into dry bulk transportation business, has entered into a $33.5 million agreement with Mitsui of Japan for taking a bulk vessel under bareboat charter…

The first step towards initializing the Technological Improvement Program (TIP) aimed at boosting the Brazilian shipbuilding industry was taken with the signing of an agreement worth approximately $14.6 million between the government,…

Moran Towing Corp has awarded Manitowoc Marine Group a follow-on contract for the construction of two ocean-class, double-hull, hot oil tank barges. The vessels, which will be built by subsidiary Bay Shipbuilding…

Italian shipbuilder Fincantieri has won a $48 million contract to build an oceanographic ship for the National Institute of Ocean Technology of Madras, India. The 104 metres long and 18 metres wide…

ABG Shipyard in Mumbai is building three `Special Pollution Control Vessels` for the Indian Coast Guard at an estimated cost of $86 million. These vessels are equipped with oil spill response solutions.…

SeaDrill in Norway recently declared its option to build a second semi-submersible ultra deepwater drilling rig at Daewoo Shipbuilding in Korea. The rig is of the design GVA-7500-N and is fully capable…

Odense Steel Shipyard in Denmark delivered its latest newbuilding, Gerd Maersk, for the A.P. Moller - Maersk Group. This is the fifth vessel in a new series of technologically advanced 6,600 TEU…

In its bid to cater to the international ship repair demand, private sector shipyard ABG Shipyard is planning to acquire ship repair facilities in the key shipping routes? network, including Singapore and…

The Finnish dry bulk cargo carrier ESL Shipping Oy, a subsidiary of Helsinki-based Aspo Plc, has placed a contract for two new ice-strengthened bulk carriers from the Indian shipbuilder ABG Shipyard. Expanding…