India's troubled shipping sector has been passing through tumultuous waters in recent years with over 40 per cent of the country’s fleet older than 20 years and about 12 per cent of them being 12-15 years old, says the Economic Survey 2015-16…
Traditionally, Italy’s location and coastal development have continued to ensure the country a flow of income from its role as a strategic European hub in what has come to be known as the new “maritime century.” The country boasts of having the largest ferry fleet…
Singapore-listed Otto Marine has announced that its offshore shipyard has branched out to secure three new shipbuilding contracts worth $23m in total. New contracts came along with Group's efforts in diversifying and expanding product portfolio in a weak market…
Nicaraguan Tourist Agency selects Damen CSD350 dredger for 200 km internal waterway project. A contract has been signed by EPN, the Nicaraguan Port Authority, and INTUR, the Nicaraguan Tourist Agency, with the Damen Shipyards Group for the delivery of a CSD350 Cutter Suction Dredger…
The cash-strapped Indian shipbuilder ABG Shipyard will likely close the deal for a 51 per cent stake sale by the end of this financial year, its managing director and CEO Syed Abdi said. Syed said the company had narrowed it down to one…
Tugboat builder and operator Sanmar Denizcilik is celebrating its 40th Anniversary this year. More than 150 tugboats benefiting from its wealth of experience are presently in operation on international seas, the company says. It was in the year 1976 that Orhan Gürün…
Sanmar Denizcilik, tugboat builder & tugboat operator is celebrating its ‘40th Anniversary’ this year. More than 150 tugboats are presently in operation on international seas.In 1976 Orhan Gürün, today’s company chairman, together with his dear friend…
While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good. As at 31 December 2015, Cosco’s order book stood at USD 8 billion with progressive deliveries up to early 2018…
JHW has ordered five 85,000 m3 Very Large Ethane Carriers (VLECs) for a JACCAR/Hartmann Reederei joint venture, called UEC (United Ethane Carriers); each vessel will be powered by a single MAN B&W 6G60ME-GI main engine. Dalian Shipbuilding Industry Offshore Co…
Japan has urged Australia to award a contract to build its new $50-billion submarine fleet, reports SMH. Japan, which is offering a variant of its 4,000 ton Soryu submarine, is competing against rival bids from Germany and France for the contract…
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that two of its drilling contracts have been terminated. The Nasdaq-listed drilling affiliate of DryShips said that Total E&P Congo has terminated…
The strain of low oil prices on the offshore and marine sector was in full display as the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted its first quarterly loss in at least 12 years. The company took impairment…
London-based architect Jonathan Schwinge designed the pyramid-shaped yacht called the Tetrahedron Super Yacht. Billed as aviation on the sea, the radical concept from a London-based architect flips traditional yacht design on its head with a complete rethink…
Nakilat-Keppel Offshore & Marine (N-KOM) reports that it has delivered its first liftboat unit, Al Safliya, to Qatari rig operator Gulf Drilling International (GDI). Al Safliya is the first liftboat to be wholly constructed in Qatar at the…
The Ministry of Shipping, India will showcase all its investable opportunities to domestic and global investors in the first-ever Maritime India Summit (MIS) to be held in Mumbai from April 14-16, 2016. The 200 projects comprise 20 projects…