Hyundai Mipo Dockyard won an order from Bermuda-based Eships Tankers for five 13,000DWT product chemical tankers at the price of $124 million. All five ships will be delivered by June 2007.

Daewoo Shipbuilding has secured a $370 million newbuilding order for three 306,000dwt VLCCs from Pacific Star International Holding Corp. At $124 million each, this is the highest price paid for a VLCC…

Vizag-based Hindustan Shipyard Limited (HSL), which is struggling financially, is expecting new orders worth more than $240 million in 2005-06. A spokesman for the yard said the yard?s shipbuilding order book was…

Kvaerner ASA and Overseas Shipholding Group of New York have signed an agreement in principle to bareboat charter ten newly built double-hulled product tankers. Under the agreement, Kvaerner's subsidiary, Kvaerner Philadelphia Shipyard,…

Wärtsilä has been awarded an order to supply the 19.7MW power plant for a yacht carrier contracted by the heavy transport specialist Dockwise Shipping BV, based in Breda in the Netherlands.The yacht…

INTERTANKO supports the investigation and prosecution of illegal discharges of oil from ships but strongly objects to criminalising accidental oil pollution and to treating seafarers as criminals Any criminal offence of pollution…

The letter of intent signed in December 2004 between Aker Finnyards and NCL to build an 89,000GT cruise vessel for delivery in spring 2007, has been terminated. The parties have not been…

The second of four ro-ro vessels for the Turkish customer U.N Ro-Ro will be named and launched from the building berth at Flensburger Schiffbau. The 193 metre long newbuilding, to be named…

Calls are being made for an enquiry into the delay of the RM24.3 billion contract to build 27 high-tech naval vessels for the Malaysian navy amidst warnings that it was affecting the…

Wuhan Marine Machinery Plant in China will build a crankshaft factory in Qingdao at a cost of $24 million. It will take two years for the project to be completed and will…