German-based Beluga Shipping GmbH says fuel savings achieved by using a kite propulsion system during its first ever commercial voyage are in line with expectations, and that it anticipates increased efficiencies in…

Major container shipping lines that are embarking on slow steaming schemes to cut fuel cost have come up against obstacles preventing them from reaping the full benefits. Several major container shipping lines…

An undisclosed Norwegian owner has become the first shipowner to use BIMCO?s newly launched global shipbuilding contract, which is believed to have been signed this month with a Chinese yard. Under the…

Hyundai Heavy Industries (HHI) has clinched a $1.6 billion deal to build an oil platform in Nigeria. The deal with Elf Petroleum Nigeria Ltd., a subsidiary of France-based Total SA, calls on…

Höegh LNG and CB&I Lummus have concluded a strategic and exclusive agreement for the next phase of Höegh LNG's FPSO project. The agreement formally ties the parties for a period of 2…

Seattle based naval architecture firm Guido Perla & Associates, Inc. has signed a contract with Paris-based Bourbon to deliver the concept design, regulatory package, and final design for 10 GPA 696 IMR…

ABG Shipyard in India has delivered a new Anchor handling tug supply (AHTS) vessel `Lamnalco Mallard` to the owner Lamnalco Group, UAE. The newbuilding is the third vessel to be delivered to…

Cammell Laird shipyard in England has landed its largest contract since it was reborn seven years ago. The Birkenhead yard has won a £28m Ministry of Defence (MoD) contract to overhaul Royal…

Construction of a 6,900 car capacity car carrier (PCTC) for Norway?s Hoegh Autolines began in the northern port city of Hai Phong at Vinashin?s facility of Nam Trieu Shipbuilding Company.The vessel, which…

When state-run Cochin Shipyard Ltd delivered the sixth and last of a series of bulk carriers built for Denmark's Clipper Group late last year, it achieved a first for the Indian shipbuilding…