Samsung Heavy Industries has won a $942 million deal to build a drill ship. The deal with Sweden-based Stena Line Co. calls on Samsung to deliver the vessel, used for deep-water oil…

Cosco Corp. Singapore Ltd. aims to draw one third of its business each from ship repairs and conversion, new shipbuilding and offshore marine engineering services. The three key businesses contribute S$653.1 million…

Vinashin?s subsidiary, Nam Trieu Shipbuilding Industry Corporation, has handed over a 53,000 tonne bulk carrier to Britain?s Graig Group. The vessel, named Sophia, is the second in a 15-ship series ordered by…

The Anglo-Norwegian reefer company Star Reefers Inc. has agreed with a Japanese owner to time-charter four more new reefer vessels each with a capacity of 615,000 cbft and almost 200 FEU containers…

Russia?s Sovkomflot OJSC is eyeing the possibility of ordering a series of gas carriers from Admiralty Shipyards in St. Petersburg. According to local sources, the scope of the order will depend on…

Greek owner Delta Tanker has ordered three VLCCs from South Korea's Hyundai Heavy Industries (HHI) for a record unit price of $156 million. This broke the previous record price of $154 million…

Norwegian-controlled subsea contractor Subsea 7 Inc has ordered a new pipelay and construction vessel from the Dutch shipbuilder Merwede Shipyard at an overall project price estimated at $190m. The new 133-metre vessel…

The Offshore Ship Designers group (OSD) has opened a design office in Shanghai, China. Initially staffed with six naval architects it will provide design resources to OSD's European partners and also provide…

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is…

Daewoo Shipbuilding & Marine Engineering (DSME) plans to spend 163.2bn won ($164m) to expand its facility for the production of vessel parts. The investment will be made by March 2010 at its…