Chinese shipbuilder Cosco has recorded a 28% rise in full-year earnings to $133 million. The earnings were buoyed by strong contributions from its ship repair and marine engineering operations. Meanwhile, revenue jumped…

Total, the French oil giant, is to construct a large billion-dollar floating production, storage and off loading vessel for its Usan field in the deep offshore region off Nigeria. The Usan field…

The Hull Lifecycle Programme (HLP), a new software service tool designed to ensure long lives and technical safety for vessels, was introduced by Germanischer Lloyd (GL) at the GL Exchange Forum. The…

A £2.3 million International Marine Design Centre is expected to open in Newcastle, UK, next month after regional development agency One Northeast agreed to back a project. It is hoped the centre…

Garware Offshore Services in Mumbai, India, has signed a Memorandum of Understanding (MOU) with the Norwegian shipbuilder Havyard Leirvik AS for exclusive representation for the marketing and sale of ships built by…

Aker Philadelphia Shipyard has delivered the lead-ship in a16-ship series of product tankers. The 185 metre MT46 Veteran Class ?Overseas Houston? now becomes the first ship leased to subsidiaries of Overseas Shipholding…

BP PLC has reported more problems with its new fleet of 185,000 DWT oil tankers after a scramble to repair cracked rudders and faulty anchors. One of the bollards used to secure…

According to London-based Clarkson, shipowners ordered new vessels worth a record $105.5 billion in 2006. The trend has been spurred by tanker owners keen to upgrade their fleets ahead of IMO single-hull…

Copenhagen-based A.P. Moller-Maersk A/S has ordered four PCTCs (pure car and truck carriers) from China's Xiamen Shipbuilding Industry. The Danish shipowner has an option for delivery of another four ships of the…

Singapore-based Pan-United Marine has booked a record full-year profit of $36.7 million thanks to a healthy newbuilding order book and higher valued ship repair and conversion jobs. For the three months to…