Nepline Bhd in Selangor, Malaysia, is actively sourcing for suitable double-hulled tankers for acquisition in order to improve its revenue. The company?s overseas subsidiary, Nepline (Singapore) Pte, has sealed a $12 million…

Lockheed Martin has won a $198 million contract to build the third Littoral Combat Ship (LCS) for the U.S. Navy, the second LCS to be built by the Bethesda, Maryland-based firm. Virginia-based…

China Cosco Holdings Co, owner of China's second-largest container shipping line, has placed a $516.8 million order for eight new 5,100 teu container carriers. The shipbuilder is Jiangnan Shipyard, a unit of…

New small-bore engines from MAN B&WMAN B&W Diesel has introduced two new engines S35ME-B and S40ME-B, a new addition to its small-bore diesel engines, upgrading the 35MC and 42MC engines to top-of-the-line…

Stena Line is investing approximately $128 million on its two superferries, the Stena Hollandica and the Stena Britannica, which operated on the Harwich to Hoek van Holland route. Both ships will be…

Frontline has ordered four VLCC newbuildings at Jignan Shipyard in China for delivery 2009 and onwards. Two of these originally newbuilding contracts have in the second quarter been sold to third party…

Aker Yards has entered into a contract with Farstad Shipping for the building of a construction vessel with a value of approximately $135 million.The vessel is a new UT-design from Rolls-Royce and…

Seadrill, a Bermuda-based company with an offshore drilling fleet, has entered into an agreement with Malaysia Marine & Heavy Engineering for the purpose of building a new self erecting tender rig, T-11.…

The Perak government in Malaysia has approved a land area of 69.76 hectares in Sungai Manjung, Lumut, on the west coast, for carrying out shipyard operations. About 24 hectares of the area…

Japanese steel makers are trying to hike the price of thick steel plate for shipbuilding by $43 per tonne for all deliveries from October onwards. Price negotiation with shipyards will start next…