Shanghai Chengxi Shipyard in China clinched two 3,500TEU container ships from NV in Germany for delivery during 2009.

Admiralty Shipyards, a St. Petersburg-based company, has started the second round of sea trials of a new diesel-electric submarine. The ?St. Petersburg?, a Project 677 or Lada-class diesel submarine, was designed by…

South Korea?s steel manufacturer, Posco, the world's fourth-biggest steelmaker, said it's interested in acquiring Daewoo Shipbuilding & Marine Engineering (DSME). "We are looking with interest on a takeover but nothing has been…

The Hamburg based shipping company E.R. Schiffahrt has put another container ship into service. The "E.R. Toronto" is a super-post-Panamax newbuilding with a container capacity of 8,204 teu. This is part of…

Aker Yards and Damen Shipyards Group have finalized the process of establishing joint ownership of the Damen Shipyards Okean in Ukraine, as announced on June 2 2006. The plans involve increasing the…

Singapore?s Ezra Holdings Limited said its wholly-owned subsidiary, Lewek Shipping Pte Ltd, has awarded a contract to Labroy Shipbuilding Offshore Ltd for the building of a 92.3 metre accommodation work and crane…

Jiangsu Shipbuilding clinched four 4,250TEU container ships from Schlueter at a price per unit of around $59 million. They will be delivered during 2009.Oltmann in Germany placed an order for four 4,250TEU…

The Greek shipping company Eletson has signed a newbuilding contract with Hyundai Mipo Dockyard in South Korea for the construction of four 52,000 dwt hi-spec medium range product tankers. The vessels are…

South Korea?s Sungdong Shipbuilding and Marine Engineering has won one of its largest newbuilding contracts from Greek ship owner Danaos Shipping. The deal for five 6,500 TEU container ships is believed to…

SembCorp Marine in Singapore has reported a 69% year-on-year increase in its first half profit to over $62 million. For the second quarter alone, its net profit rose 66% to nearly $37…