China Ocean Shipping (Group) Co (COSCO) plans to raise its crude oil carrying capacity to 8 million deadweight tonnes by 2010, up from 4.5 million dwt currently, said company vice president Zhang…

Thailand shipping company Jutha Maritime is set to return to Higaki Shipbuilding, Imabari, Japan for another multi-purpose cargo vessel. Currently the firm owns seven vessels, two of which, JUTHA VASANA and JUTHA…

Samsung Heavy Industries in South Korea has secured an order for a drillship from a Europe ship owner. Contract price is $617 million and delivery is scheduled for June 2010.

Having built a reputation for building fishing vessels, the Thai shipbuilder Mahachai Dockyard is preparing to build two dredgers. A smaller bucket dredge for a private Thai customer will be similar to…

Ferguson's yard in Port Glasgow, which earlier this week announced it was making 99 workers redundant, was thrown a lifeline when it was learned that bidding was to be opened within three…

KY Heavy Industries in South Korea announces that it clinched orders for five chemical tankers plus five options from OSK (H.K) Ltd for delivery from May 2008 to 2009. In addition, the…

The floating offshore production platform ?Sevan Hummingbird? recently left Yantai Raffles Shipyard in China onboard the semi submersible heavy lift vessel heading for the Keppel Verolme Shipyard in Rotterdam where the installation…

STX Shipbuilding in South Korea is negotiating for six to eight capesize bulker newbuildings at a price of $500 to 700 million. In addition, STX Dalian, an affiliate of STX Shipbuilding, is…

The MacGregor Group, part of the Cargotec Corporation, has announced a new joint venture production partnership with Vietnam Shipbuilding Industry Group (Vinashin). The joint venture has been established as part of Vinashin's…