Iran's shipbuilding company Sadra Group will build four cargo ships, worth $118 million, for the German-based Rickmers shipping company. The 24,000 dwt newbuildings have been purpose-designed for the carriage of break-bulk, heavy…

The buoy tender cum research vessel ?Sagar Manjusha? was launched last week by Hindustan Shipyard Limited (HSL). Ordered by the National Institute of Ocean Technology (NIOT), the newbuilding is 60 metre long,…

A Korean shipbuilding company plans to set up a $1-billion shipyard in Subic Bay, on the west coast of Luzon Island in the Philippines, and hire 20,000 shipbuilders in adjacent communities in…

Shanghai Waigaoqiao Shipbuilding (SWS) has become China's first shipbuilder to deliver more than 2 million deadweight tonnes in a year after it recently handed over a 175,000 dwt Capesize bulk carrier. Waigaoqiao…

Teekay Lng Partners plans to acquire three Suezmax crude oil tankers and related long-term fixed-rate charters for $180 million from its parent company, Teekay Shipping. The company said Teekay Lng plans to…

STX Shipbuilding in Korea is considering the construction of a new shipbuilding dry dock. The aim is to increase output to 70 ships per year by 2008.

Korea Line has placed an order for a Capesize bulk carrier costing $ 70 million. The shipping company declined to give shipbuilder?s name and ship size but said that the order is…

Wärtsilä was awarded a contract from Bijlsma Shipyard in Lemmer, Netherlands, to deliver propulsion plants for two 350 TEU container feeder vessels ordered by the Dutch VeKa Group For each vessel, Wärtsilä…

Wärtsilä has been awarded the contract to deliver six Wärtsilä 32 diesel engines with a combined power of over 40 MW for the world's largest oil drilling ship which is being built…

The Indonesian shipbuilder PT PAL will cooperate with the Surabaya Institute of Technology (ITS) to build corvette warships using technology similar to stealth aircraft technology. The cooperation was conceived under a Ministry…