India’ Cabinet Committee on Economic Affairs has given its approval for construction of a new drydock within the existing premises of Cochin Shipyard Limited (CSL) at an estimated cost of INR 1,799 crore (USD 267.7 million). The objective of the project is to increase the shipbuilding and ship repai
The London, UK Arbitration Tribunal hearing a contract dispute involving a fourth and final shipbuilding contract between Algoma Central Corporation and China’s Nantong Mingde Heavy Industries has found in favor of the Canadian dry and liquid bulk carrier operator. The company entered into contracts
Italian shipbuilder Fincantieri S.p.A. has recorded EUR 1.659 billion revenue coming from its shipbuilding segment in the first half of 2016, a 6.7% increase compared to EUR 1.555 billion reported for the same period a year earlier, on the back of a rise in cruise ship production volumes. The compan
US shipbuilder General Dynamics NASSCO has completed the float-out of the Bay State, the fourth of the five LNG-conversion-ready Jones Act tankers ordered by American Petroleum Tankers. The ECO tanker will be christened at the NASSCO shipyard in San Diego on September 17. The five 50,000 dwt tankers
A 39-year-old man died after falling from a scaffold while working on a shipbuilding project at a yard owned and operated by Hyundai Heavy Indistries (HHI), The Korea Herald reports. The man fell off the scaffold on Tuesday afternoon while working on a project for Norway’s energy company Statoil and
Petroleum products transporter Navig8 Product Tankers has entered into a USD 66 million senior secured credit facility agreement with the Singapore branch of ABN AMRO Bank to provide post-delivery financing for two of its 74,000 dwt LR1 product tankers under construction at SPP Shipbuilding in South
Norwegian shipping company Wallenius Wilhelmsen Logistics (WWL) has taken delivery of Themis, the fourth out of eight Neo-Panamax RoRos ordered from Hyundai Samho Heavy Industries in South Korea. Like her sister vessels, Theben, Thalatta and Thermopylae, Themis is almost 200 metres long, 36.5 metres
Gudali Express, the seventh and the last livestock carrier built at COSCO Guangdong Shipyard in China, has been delivered to its owner, the Dutch shipping company Vroon. The vessels are designed to have a cargo capacity of approximately 4,600 sqm and a cruising range of 18,000 NM. The ships are fitt
Three more institutional investors have filed lawsuits against the South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) over the KRW 5.4 trillion (USD 4.6 bilion) accounting fraud, The Korea Herald reports. Government Employees Pension Service and Teachers’ Pension filed the la
Rolls-Royce has signed a contract worth about GBP 25 million (USD 33 million) with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels, with an option for two additional vessels. The contract between Kleven and Rolls-Royce follows the conversion o
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a NZD 493 million (USD 350 million) contract to build a naval tanker for the New Zealand Defence Force (NZDF). The vessel, whose purchase has been approved by the New Zealand Government, is expected to be delivered by 2020. The tanker w
South Korean shipbuilder Samsung Heavy Industries (SHI) is very close to signing a USD 2.5 billion deal to construct a floating liquefied natural gas (FLNG) facility for Italian oil and gas company Eni, Yonhap News Agency cited industry sources. SHI is leading a consortium consisting of French multi
Unionized workers at South Korea’s Big Three shipyards – Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI), will, together with workers from five other smaller shipyards, go on a joint strike to oppose the recently announced restructu
Garden State, the ECO Class tanker being built for American Petroleum Tankers (APT) by General Dynamics NASSCO, set sail for trials along the coast of California on July 15. Following a series of tests, the Garden State will be back in NASSCO’s San Diego yard and ready for delivery later this month,
