Jurong Shipyard in Singapore, a wholly-owned subsidiary of Sembcorp Marine, has secured a Letter of Intent (LOI) from Seadrill Limited to build a deepwater semi-submersible drilling rig at a turnkey contract value…

Danish shipping group AP Moller Maersk is to launch a cost-cutting programme at its Odense shipyard that could jeopardise jobs as it seeks to stem mounting losses. "The shipyard is still operating…

As government, the management, and the workers? union blame each other for the failure of the Malta Shipyards to become financially viable, the fate of this state company, one of Malta?s largest…

NYK has taken delivery of a new LNG vessel, Grace Cosmos, which is equipped with training facilities for cadets. It is the first vessel in Japan with such cadet-training facilities. The first…

Brazilian mining giant Vale is set to recast the world?s seaborne iron ore trade, with the confirmation of an order for 14 giant bulk carriers worth as much as $2 billion. The…

Hyundai Mipo Dockyard Co., a unit of Hyundai Heavy Industries, has won orders worth a combined 330.7 billion won ($316.6 million) to build eight bulk carriers. Under the contract signed with Asian…

Aker Yards Marine Inc. (AYM) has joined the team assembled by BMT Fleet Technology Limited that has been awarded the definition, engineering, logistics and management support (DELMS) contract for the Canadian Arctic…

The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial…

South Korea's STX Group has agreed to build a $430 million shipyard in Azerbaijan with local partners. STX said in a statement that the group would hold a 25% stake in the…

Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm…