The South Korean shipbuilder STX is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa in Vietnam that should be able to build giant vessels…

A Chinese shipyard leaped to fifth position in the global shipbuilding industry in terms of order backlog for the first time, posing a potential threat to South Korean shipyards currently holding a…

Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and…

Samsung Heavy Industries clinched an order for a drillship from a European shipowner. Contract price is $583 million and delivery is scheduled for June 2009.

Construction work on the Limbe shipyard project in Cameroon is expected to be completed in December 2007. This was one of the revelations of a two-day adhoc committee meeting in Limbe during…

The long drawn out privatization process of the Spanish shipbuilding company IZAR was finalized yesterday when the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) announced the sale of the shipyard…

Mitsui O.S.K. Lines (MOL) has signed an agreement under which M.S. Tanker Shipping Limited, a joint-venture company with Sinotrans, will own a newly built double-hulled Malacca-Max type VLCC. The 310,000 dwt tanker…

BAE Systems has received a Letter of Intent (LoI) from the Government of Malaysia for the procurement of two frigates for the Royal Malaysian Navy (RMN). The project represents a highly significant…

More details have now been received regarding the sale of IZAR. Spain's government has now agreed to sell three shipyards to local shipbuilders as part of the privatization of troubled shipbuilding company…

ABS has released an enhanced new version of the CSR SafeShip for Tankers software. The new version 6.8 is an upgrade of the previous version 6.63, which shipyards have been using to…