The Korean shipbuilder Daehan has recently signed a letter of intent with a shipowner of Marshall Islands on to build two 180,000 DWT bulk carriers at a cost of $70 million each.…

India's Petronet LNG is planning to invest $520m for a pair of LNG carriers as part of a $3 billion investment for the Indian LNG terminal owner's Kochi-area regasification facility.Petronet has forged…

The National Oceanic and Atmospheric Administration (NOAA) in the USA has issued a Request for Proposals (RFP) for the construction of a new fisheries survey vessel, the fifth Oscar Dyson-class vessel designed…

The Green Ship of the Future, the Danish maritime initiative, has received the International Environmental Award from the Sustainable Shipping organisation for being the most environmentally friendly shipping initiative. Sustainable Shipping is…

Chinese coal shipper Guangdong Lanyue Energy Development Co is looking to add 20 more bulkers to its newbuilding tally in the next five years. Last week the company had already ordered 10…

Following the recent cancellation of the order for five-chemical tanker by the Eitzen Group, Hiroshima Bank is formulating a bailout plan for the troubled Japanese shipbuilder Sasaki Shipbuilding. A Japanese shipowner has…

Propeller manufacturer Stone Marine Singapore has invested in two new furnaces which will increase the melting capacity of the foundry in Singapore by over 50% in order to meet demand. The furnaces,…

Daewoo Shipbuilding & Marine Engineering (DSME) is said to be in talks to buy as much as 20% in a Brazilian rival to seek orders from Petroleo Brasileiro (Petrobras).The local content clause…

Croatia?s national ferry line, Jadrolinjia, has added the ?Biokovo? to its fleet. This newly built double-ended ferry was the eleventh ferry to have been received by the company in the past five…

Edison Chouest Offshore has signed a $150m contract with Royal Dutch Shell to build an arctic support vessel. The US offshore vessel builder and owner also will operate the 110m vessel to…