Sembcorp Marine said today that its unit Jurong Shipyard and Brazil's WTorre Empreendimentos Imobilirios SA have signed a memorandum of understanding (MOU) to form a joint-venture company to own and operate a…

The newly formed Dubai-based shipping company Eastern Echo (EE) is to build two more Ulstein designed SX 124 X-Bow seismic vessels in Dubai for delivery in the first quarter and second quarter…

The Angolan company Petromar in Luanda plans to invest $40 million in the upgrading of a shipyard at Ambriz, in Zaire province, in order to provide services to the oil industry, the…

The Japanese government is preparing to set aside funds to develop fuel-efficiency standards for large ships. The Japanese Finance Ministry has been requested to allocate about 95 million yen ($827,000) in the…

Brazil's state-run oil company Petrobras has sealed a $1.4 billion contract for a new 100,000 barrel-per-day P-56 semi submersible oil rig with FELS Setal-Technip consortium after months of exclusive negotiations. FELS Setal…

ABG Shipyard in Mumbai has bagged an order of £363 million from Germanys Bereederungsgesellschaft H Vogemann GmbH for the construction of 12 handysize bulk carriers of 35,000 DWT. With this order, the…

Singapore based Keppel Shipyard Ltd was awarded two ship conversion contracts from repeat clients worth a combined $67 million. The first contract, awarded by Prosafe Production Pte Ltd, is for the conversion…

Official sources in India indicate that Bharati Shipyard Ltd and Apeejay Surendra Group have jointly proposed to develop a state-of-art shipbuilding and ship repair yards at Dhamara in Bhadrak district. "The government…

Shipping corporation of India (SCI) has firmed up plans to build the country?s largest shipyard with an investment of around Rs 3,000 crore. The shipping company would compete with Larson and Toubro…

Samsung Heavy Industries has developed a new shipbuilding system, called the "tera-block" method that allows the company to assemble a vessel from just two large ship blocks. An extra-large ship usually consists…