The UK?s Ministry of Defence has awarded a £30 million contract to the Portsmouth-based VT Group for the construction of a new Offshore Patrol Vessel (OPV). This OPV will patrol waters round…

Kawasaki Kisen Kaisha ("K" Line) has awarded a contract to Samsung Heavy Industries for two 153,200m3 LNG Carriers scheduled for delivery in 3rd and 4th quarter of 2008. These new vessels will…

Aker Yards is to build a multifunctional, anchor handling tug supply service vessel, of the type UT-712 L for Farstad Supply AS in Ålesund, Norway. The value of the contract is approximately…

UK-based BMT Defence Services Ltd, a subsidiary of British Maritime Technology Ltd (BMT), is establishing a new subsidiary based in Melbourne, Australia. The new company is named BMT Defence Services (Australia) Pty…

Rolls-Royce opened the doors today to a new machining center at its Propeller Center of Excellence in Pascagoula, Mississippi. The new facility, adjacent to the foundry, will improve manufacturing capabilities and production…

Venezuela?s Foreign Minister has denied rumours that the current negotiations to purchase four oil tankers from Spanish shipbuilder Izar are part of an arms race. He explained that all negotiations conducted with…

Located at Portland Harbour on the English south coast, what has been declared as the most advanced bunkering facility in the UK commences service on the 10 March, offering shipping an important…

Iridium Satellite LLC, the global supplier of mobile satellite communication services, said that it had more than 114,000 subscribers as of 31 December 2004, a 22.5% increase from 2003.The company's revenue for…

Mazagon Dockyard Limited (MDL), the Indian Navy?s premier shipbuilding facility, is all set to create Indian shipbuilding history. The warship-building facility is aiming to launch two naval warships this year. While unwilling…

Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has been awarded contracts worth a total $630 million to build 11 container ships. HMD will build five vessels for Germany's NY, one…