Teekay Shipping Corp., which owns and operates one of the world's largest fleets of crude oil tankers, will join with Danish product tanker operator TORM to acquire rival OMI Corp. for about…

Bollinger Shipyard in Lockport, LA, has launched the first of ten GPA 654 PSVs ordered by Rigdon Marine in January 2006. With this multi-vessel order, Rigdon?s GPA (Guido Perla & Associates, Inc)…

The keel was laid for the world's first floating nuclear power plant at the Sevmash shipyard. The Akademik Lomonosov will house two 35 MW KLT-40S nuclear reactors, similar to those used in…

Singapore headquartered Yantai Raffles Shipyard in China has had an option exercised to build a third semi-submersible rig for Norwegian firm Awilco Offshore Semi ASA The GM4000-D rig is a semi-submersible unit…

Goodearth Maritime Ltd of Chennai has placed an order for 16 new bulk carriers totalling 760,000 dwt with Hindustan Shipyard Limited (HSL), Visakhapatnam. The company is currently operating five bulk carriers with…

Meyer Werft in Papenburg, Germany, recently delivered the 69,200 gt cruise ship "AIDAdiva" to AIDA Cruises. The newbuilding is the first ship out of a series of four that the Papenburg shipyard…

ASL Marine in Singapore has secured new shipbuilding contracts worth S$116 million ($77 million). The contracts are for the construction of six Anchor Handling Towing/ Supply vessels, five of which are expected…

Starting as early as the second half of this year, Korean shipbuilders plan to build value-added mega cruise ships in a bid to keep ahead of arch-rival China. The idea was broached…

The U.S. Navy is cancelling a widely criticized Lockheed Martin Corp. contract to build a next-generation combat ship after negotiations to control cost overruns failed. "We're disappointed but we have to have…

Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a $305 million contract to construct a 440-person North Sea accommodation semi-submersible for Floatel International (Floatel).…