The offshore business of ship chartering for Marco Polo Marine will continue to benefit from the bouyant offshore marine market, but its shipbuilding and repair division is expected to slow down due to a subdued global economic outlook.

Precious Shipping has announced newbuilding contracts for a pair of 64,000 dwt bulkers and a pair of 38,500 dwt bulkers.

With regulatory deadlines looming, the retrofitting of existing trading vessels maybe making more sense as solutions are developed using cleaner shipping technology, however, funding for retrofitting is presenting a challenge for shipowners and...

US-based Crowley Maritime Corporation is spending $350m to build two LNG-powered container roll-on/roll-off (con-ro) vessels at VT Halter Marine Inc, the US shipyard of ST Engineering.

Chinese shipyard Ningbo Xinle Shipbuilding Group has clinched an order to build two chemical tankers for Dutch firm Arcoin.

EA Technique (M) has secured a MYR260m ($80.5m) contract to build, operate and charter out six units of Z-Peller harbour tugboats to Northport (Malaysia) over a period of 10 years, making it the first local supplier of such vessels to Northport...

Perdana Petroleum has decided to purchase the two AHTS vessels, Perdana Frontier and Perdana Horizon, and the work boat Perdana Liberty for approximately $50m.

Hyundai Mipo Dockyard has won a contract to build five product tankers from an unnamed shipowner in Europe.

Cosco Corporation (Singapore) has confirmed $400m worth of orders for the engineering, procurement and construction of two semi-submersible accommodation vessels for Norwegian owner Prosafe.

Dutch-based shipyard Ferus Smit has won an order to build six general cargo vessels for Singapore-based Symphony Shipping.