The week saw multi-billion dollar newbuilding orders placed, with Europe also getting one of the giant deals. China won a USD 1.9 billion gas carrier contract for a customer in the Middle East Gulf. A European yard has signed an order worth around EUR 3 billion for three massive cruise ships with…

Australian yard Austal and engineering group Civmec plan a joint venture to jointly bid to build a series of landing craft for the Australian Army, expected to cost about USD 900 million. They have signed a Memorandum of Understanding to jointly bid to build the vessels under the project LAND8710…

U.S. yard Birdon America has announced it has been awarded a USD 14.75 million contract to buy long lead time materials to start building a series of inland waterways vessels for the U.S. Coast Guard. The contract will mean work can begin on constructing the first two vessels in a USD1.18 billion…

U.S. yard General Dynamics-NASSCO has won a USD 20.5 million contract to design a new generation of U.S. Navy submarine tender/support ships. It is hoped the design work could lead to the yard winning the vessel construction contracts. The U.S. Navy plans to decommission its two remaining 216m-long…

Singapore yard Seatrium said it has won a series of repairs and upgrades contracts with a total value of USD 133.7 million. The contracts include major repairs on offshore vessels, naval vessels, ferries, LNG carriers, tankers and damage repair. All projects, with the exception of one, are expected…

South Korean shipbuilder Hanwha Ocean said it has signed an agreement with the U.S. Navy to undertake the repair and maintenance of U.S. warships. Under the Master Ship Repair Agreement, Hanwha Ocean will be eligible for repair and maintenance projects for U.S. warships and naval support vessels,…

Greek shipping company Drydel Shipping has ordered one 66,000dwt bulk carrier at Japan’s Tsuneishi Shipbuilding. The vessel is due for delivery in 2028. Drydel Shipping, formerly Meadway Shipping and Trading, is part of the group around Greek shipowner Mr Costas Dellaporta. The price was not…

Chinese yard China Merchants Heavy Industry has received a subcontract from Italy’s Saipem to build a floating production, storage, and offloading vessel (FPSO). It will be used by French energy group TotalEnergies for the Kaminho development in Angola. China Merchants has already begun engineering…

Chinese shipping company Fujian Guohang Ocean Shipping has signed a contract with Chinese yard Jiangsu Haitong Offshore Engineering Equipment for two 63,500dwt bulk carriers. The vessels were designed by Chinese marine architects Shanghai Ship Research and Design Institute (SDARI). They will feature…

Brokers say Greek shipping company Monte Nero Maritime recently signed a contract to build three 63,500dwt bulk carriers with Chinese yard Nantong Xiangyu Shipbuilding and Offshore Engineering. The order is worth about USD 34 million per ship. They are scheduled to be delivered in the second half of…

Greek shipping company Athenian Sea Carriers has ordered two more Handysize chemical tankers from Chinese yard Wuchang Shipbuilding Industry Group. The order for the IMO type 2/3 ships brings a series of vessels ordered from the yard to ten. The previous vessels ordered were about 18,500dwt.

Multinational commodity trader Trafigura Group said it has taken 100% control of shipping company High Heat Tankers (HHT) and placed an order for HHI for a 17,500dwt IMO II specialised high heat tanker. It is scheduled to be delivered in the third quarter of 2026 and has been ordered from Chengxi…

Brokers say Japanese shipping group Nissen Kaiun has ordered four 88,000 cu.m ammonia carriers from China’s Yangzijiang Shipbuilding. The order is worth about USD 440 million. The ships will be built by Yangzi-Mitsui Shipbuilding (Yamic), a joint venture between Yangzijiang Shipbuilding and Japan’s…

Abu Dhabi-based ADNOC Logistics and Services said its joint venture has awarded contracts to China’s CSSC Jiangnan yard worth about USD 1.9 billion to build up to 13 gas carriers. The orders were placed by AW Shipping, ADNOC’s joint venture with China’s Wanhua Chemical Group. ADNOC Logistics is the…

British yard Macduff Shipyards has received an order for a workboat to support Scotland’s salmon industry from Scottish customer Inverlussa Marine Services. The 25m-long vessel is scheduled to be delivered by the third quarter of 2025. The new hybrid diesel-electric workboat will have a crew of six.

India’s shipping ministry has proposed the creation of shipbuilding clusters along the east and west coasts of India to support efforts to modernise India’s shipping industry. The aim is to establish three to four shipyards that achieve world quality standards for new ships. The plan provides for…

Norwegian yard VARD said it has signed a contract for a wind farm support vessel with Norwegian customer Rem Offshore. The contract is for a commissioning service operation vessel (CSOV), the third in a series. It will be 85.1m long, 19.5m wide and have a draft of 5.6m. The CSOV will have cabins for…

British naval shipyard and defence group Babcock said its annual profit will fall by GBP 90 million (USD 117.1 million) because of unexpected increases in costs under a contract to build frigates for the British Navy. Babcock signed the fixed price contract to build five Type 31 frigates for the…

The Dutch national lifeboat service KNRM has placed an order for 12 rigid inflatable lifeboats with Dutch yard Stormer Workboats. The order is worth about EUR 2.7 million, and the vessels will be built to the yard’s Chaterina D design. They will be 7.5m long and carry a crew of three and 12 rescued…