Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is…

Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC…

The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China…

Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation.…

The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said…

Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world…

BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for…

"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper…

Polish newspapers report that Abu Dhabi Investment Authority (ADIA), the world?s biggest sovereign wealth fund with estimated assets at $875 billion, is still interested in Polish shipyards. The Polish State Treasury received…

Wärtsilä has signed major contracts with Aker Yards AS S?viknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of…