Shanghai-based China Merchants Energy Shipping Co. (CMES), the country's biggest oil carrier, has placed orders for four crude oil tankers at a total cost of $343 million. Under an agreement, CMES ordered…

The Hong Kong shipowner OOCL has ordered another five 4,500 teu containerships from Samsung Heavy Industries in a deal worth $331milion. The shipping company already has four 4,500 teu newbuildings on order…

Singapore shipbuilder ASL Marine has stated that its new yard in China will be fully operational next year and will double its capacity to build offshore vessels. The newly built eight-hectare shipyard…

Daewoo Mangalia Heavy Industries (DMHI) of Mangalia, Romania, has signed contracts worth over $1.05 billions with three important ship owners in the first quarter of 2007.The first contract was signed in January…

Azerbaijan Investing Company and STX Shipbuilding Co. signed the memorandum of understanding to build a shipyard to produce and repair tankers in Garadaga, in the region of Baku. According to Riad Gasymov,…

Seatruck Ferries, freight-only specialists on the Irish Sea route and part of the Clipper Group, are about to introduce a major increase in capacity for the link between Heysham and Warrenpoint, Northern…

Iraq aims to rebuild its ageing fleet of tankers to carry its crude oil exports and is planning to form a joint venture shipping company with a South Korean firm, the oil…

INTERTANKO applauds IMO Secretary General Mitropoulos?s initiative to propose to the IMO Marine Environment Protection Committee (MEPC) a study group which, he stressed, will ensure that a decision on the revision of…

COSCO Group in China has inked newbuilding contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but…

Irving Shipbuilding Inc. in Canada will begin cutting steel for a new cruise ship next week, and construction of the vessel, said to be the first cruise ship built in Canada since…