The Sevmash naval shipyard and Russia's Atomic Power Agency signed a contract to build the world's first floating nuclear reactor. The $336 million reactor will be built by the Sevmash plant in…

Shanghai-based Hudong-Zhonghua Shipbuilding (Group) Co Ltd is the builder of the LNG carriers, considered the most technologically demanding ship. The ship, costing US$160 million, is 292 meters long and 43.35 meters wide.…

MOL (Mitsui OSK Line) has announced plans to construct 43 new iron ore carriers to meet anticipated long-term growth in demand for ore transport. In a construction period from April 2006 until…

Australian fast ferry builder Incat has won orders for two 112m long craft from Japan?s Libera Corp.Incat?s largest units to date, the two new catamarans, for delivery in June 2007 and mid…

Wärtsilä has announced that it is to supply machinery to two ro-ro passenger ferries and a cruise ferry.The two ro-ro ferries are high-speed units for Norwegian company Color Line AS, building at…

Pakistan has placed a $ 600-million defence deal with China, which includes construction of four F-22P frigates for the Pakistani Navy, upgrading of the Karachi dockyard and transfer of technology for indigenous…

The Baltic Sea became a Sulphur Oxide Emission Control Area (SECA) as from 19 May 2006. Ships entering the Baltic Sea are now required only to use marine fuels with a sulphur…

The successful diversification of its core business has generated over £4.5 million additional revenue for Pendennis Shipyard in the UK since its introduction, and as a result it has won the Best…

Sumatec Resources in Selangor, Malaysia, has ordered two 8,000 dwt double-hull product oil tanker from a Chinese shipyard for $11.6 million each. Sumatec said it had entered into a letter of intent…

Singapore based shipbuilder Pan-United Marine Limited has clinched a $49.5 million contract from Coastline Maritime Pte to construct a specialized offshore diving support vessel at its Batam shipyard in Indonesia. The value…