Solstad Offshore ASA has entered into a contract with Karmsund Maritime Service AS for the building of two large anchor handling vessels (AHTS). They are developed in close cooperation between SOFF and…

Kuwait Oil Tanker (KOTC) plans to order four VLCCs at a total cost of some $500 million. The new order was approved by the national oil conglomerate Kuwait Petroleum Corp. and will…

Vinashin Lines Ltd Co, a subsidiary of Viet Nam Shipbuilding Industry Corporation (Vinashin), signed two major shipbuilding contracts. Under the first contract, the Ha Long Shipyard will build one 54,000 dwt bulk…

Offshore drilling rig contractor Ensco International has contracted Singapore shipyard Keppel FELS to construct a $385 million ultra-deep water semisubmersible rig. Delivery is scheduled for the fourth quarter of 2009.Ensco said is…

Stocznia Gdynia in Poland may next year receive the stakes of companies whose minority shareholder is still the Polish state. The shipyard has started negotiations with its potential investors including Israeli shipowner…

In what could be the world?s fourth-largest shipyard is nearing completion in Redondo Peninsula, Subic Bay, Philippines, and it promises to generate $3.6 billion in annual sales. The $1 billion Hanjin Shipbuilding…

Hyundai Heavy Industries (HHI) is in advanced talks to buy Chinese steel maker Qinhuangdao Shouqin Metal Materials Co. Ltd. after completing due diligence. "We are in negotiations over the terms of the…

Mitsubishi Heavy Industries (MHI) will build container ships using Nippon Steel Corp. steel plates with a tensile strength much stronger than plates used in commercial ships throughout the industry. The plates, which…

Petroleum Geo-Services ASA has decided to exercise the option with Aker Yards, Langsten, to build an additional new third generation Ramform vessel, "Ramform 8". This new and improved Ramform class seismic vessel…

The US Navy has awarded a $200 million contract to Pascagoula-based shipbuilder VT Halter Marine for construction of a vessel that will carry high-tech radar equipment to monitor ballistic missile activity. The…