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Norway's Eidesvik Offshore has exercised a NOK 440 million ($71.2 million) option to build a second LNG fueled PSV at Kleven Maritime. Scheduled for delivery from Kleven's Ulsteinvik shipyard in 2012, the vessel will be…
Developing shipbuilding countries hoping to be "the next Korea," or "the next China," might consider the woes of troubled Vietnamese shipbuilder Vinashin -- and their impact on the rest of the Vietnamese economy. On November…
The Government of Newfoundland and Labrador is a step closer to taking delivery of two new medium-size ferry vessels. The 42 m vessels will each carry 16 cars and 80 passengers and are under construction…
Argentina won't be in George Economou's vacation plans, most likely. DryShips Inc. (NASDAQ: DRYS) reports that its fully-owned subsidiary Ocean Rig UDW Inc has signed a contract with Borders & Southern Petroleum plc is for…
Petrobras has opened the sealed bids submitted in a three part tender intended to lead to the construction, in Brazil, of 28 offshore drilling rigs required for development of the pre-salt zone. According to Dahlman…
Singapore is investing up to Singapore $6 million (US$ 4.5 million) in maritime fuel cell research. The Maritime and Port Authority of Singapore (MPA) and Temasek Polytechnic (TP) have signed a Memorandum of Understanding launching…
Canada's Minister of Fisheries and Oceans, Gail Shea, has announced the award of contracts for the design of four new scientific research vessels the Canadian Coast Guard. A $2.5 million contract for the design of…
Norwegian billionaire investor Øystein Stray Spetalen has joined the parade of those seeing opportunities ahead for newbuild jack-up rigs. Standard Drilling, a subsidiary of Mr. Spetalen's Ferncliff TIH AS investment company, has placed an order…
Time to repaint some gantry cranes? Northrop Grumman continues its preparations for a spin off of its shipbuilding operations to its shareholders. According to an SEC filing today by New Ships, Inc., an entity set…
Japan's Mitsui O.S.K. Lines Ltd. announced on November 26 that it had signed a long-term transport contract with Brazilian mining giant Vale International SA, a subsidiary of Vale S.A., for two very large ore carriers…
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