President Chavez of Venezuela has announced that his country will send some oil tankers to the troubled Izar shipyard. Spanish President Jose Luis Rodriguez Zapatero had been brokering the deal, which could…

VT Halter Marine has signed a $31 million contract to build a double-ended passenger/vehicle ferry for Nantucket Steamship Authority in Massachusetts. The 78.15 metre long ferry is expected to be delivered in…

Calling the pending adoption of new IACS common rules for tankers and bulk carriers "the most fundamental change in the structure of the classification sector in its history," ABS chairman and ceo,…

Wärtsilä has received an order from Hyundai Heavy Industries of Korea to supply four sets of Wärtsilä 50DF dual-fuel engines to power a series of 155,000 m3 dual-fuel-electric LNG carriers, with an…

Teekay Shipping, the world's second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering. The Marshall Island-based…

Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with Volstad Maritime AS, Alesund, Norway for outfitting of one ROV Survey/Supply vessel at Aker Langsten. The contract is…

Bourbon Offshore Norway AS has, through the company Bourbon Ships AS, exercised an option to build an ULSTEIN P105 supply vessel at Ulstein Verft AS. The new contract is worth around NOK…

Hyundai Heavy Industries Engine and Machinery Division (HHI EMD), withco-operation from Kongsberg Maritime, has completed the 'shop test' of its first Man B&W ME engine with the first ever installed AutoChief C20.…

Two Norwegian yards in the Aker Yards group have clinched orders for offshore vessels. The first contract involves Aker Promar which has been awarded a contract worth approximately $45 million by NorSkan…

ABS has become the first classification society accepted into membership to the Society of International Gas Tanker & Terminal Operators (SIGTTO). A not-for-profit international organization established in 1979, SIGTTO?s mission is to…