Vinashin will invest VND300 billion ($18.9 million) in the construction of a shipyard in the southernmost province of Ca Mau. The shipbuilder has selected a 54 hectare site in the province?s Nam…

Five major European naval shipbuilders have formed a club to promote synergies in materials procurement as part of broader efforts to reduce costs. The companies, BAE Systems, DCN, Fincantieri, Navantia and VT…

Shipbuilding contracts secured by Korean shipyards in the first quarter accounted for more than half of the entire orders received worldwide. According to London-based ship broker Clarkson, Korean shipbuilders won more than…

Dalian Shipyard has clinched orders for seven tankers. The shipbuilder has won new order of three 76,000DWT product carriers and four 298,000DWT VLCCs. Delivery of the seven ships will be made during…

Vinashin?s subsidiary, Nam Trieu Shipbuilding Industry, last Friday signed a contract to build two 56,200-DWT bulk carriers for Japan?s Itochu Co. Nam Trieu expects to complete the first ship in December 2008…

Greatship (India) Limited, wholly owned subsidiary of The Great Eastern Shipping Company Limited, Mumbai India, has confirmed an agreement with Aker Yards, for the building of two PSVs of UT 755 LN…

Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, plans to order as many as 18 LNG tankers to supply gas to markets including the USA. Woodside, 34% owned by Royal Dutch…

Aker Yards ASA reported an EBITDA of NOK 357 million for the first quarter of 2006, an increase of 125% compared with the first quarter of 2005. The order intake in the…

Seaarland Shipping Management in Austria has ordered two 114,000DWT tankers from the New Century shipyard in China for delivery during 2008. Ship price per unit is $58.5 million.

Kleven Verft in Ulsteinvik, Norway, has signed a new contract with Rem Maritime of Fosnavåg, Norway, for the building of two new, sophisticated offshore vessels.The vessels are both Multi Purpose Subsea Operation…