India?s shipping ministry plans to extend the shipbuilding subsidy scheme by another five years to 2012. The ministry is preparing a cabinet note for this purpose saying that it is examining whether…

Dubai Drydocks (DD) has been awarded a $25 million contract to convert a VLCC into a floating production storage and offloading (FPSO) vessel. Work on ?Knock Adoon?, a 240,000 DWT oil tanker…

Hyundai Heavy Industries has clinched four 9,700TEU container ships from C. P. Offen at the price of $ 530 million for delivery by 2008. Ship particulars are 350m in length, 42.8m in…

Hyundai Mipo Dockyard in South Korea reported that it earned $900 million in turnover for the first half this year compared with 658 million for the same period last year. Its operating…

UltraStrip Systems Inc., the developer of high production, environmentally friendly robotic ship-hull cleaning equipment, has agreed to a five-year agreement with Tecor-Tecnologia Anticorrosao SA to be the exclusive ultra high pressure water…

Great Eastern Shipping Company Ltd (GE Shipping) in Mumbai, India, has taken delivery of a new platform supply vessel (PSV), named ?'Malaviya Twenty Four?' from the Indian shipbuilder, Bharati Shipyard. The vessel…

NACKS, the Chinese shipbuilder, recently won approval from the government on the construction of a 500,000DWT dry dock and work is scheduled to start in the autumn on this $247 million project.…

Saigon Shipbuilding Industry Company, a subsidiary of the country?s state-owned shipbuilder Vinashin, has launched a 6,500 DWT dry cargo vessel for as local shipping comapny. Named ?Saigon Queen?, this newbuilding is claimed…

A six-month breathing space has been agreed to secure the future of ship repair work at the former Cammell Laird yard in Birkenhead. Site owner Reddington Finance has awarded a licence for…

Fincantieri and Tallink have reached an agreement to build two new generation, high performance, ice-class cruise ferries, one of which is an option. They will be very similar to the two ferries…