The main purpose of the agreement signed between United Industrial Corporation (OPK), Russia, and Hyundai Heavy Industries (HHI), South Korea, is to establish a cooperation which will include the mutual developing of shipbuilding projects, equipments and the designing of vessels.

BVT Surface Fleet, UK, has issued a letter of instruction for A&P Tyne, part of the Britisch A&P Group, to manufacture nine double bottom units for the lower block 02 for the Queen Elizabeth Class aircraft carrier. The order will  include steel…

China Oilfield Services Limited (COSL), the integrated oilfield services provider in the offshore China market, has signed agreements to commission building of deep-water 12-streamer geophysical vessel COSL720 and deep-water survey vessel COSL708.

The Ministry of Land, Infrastructure, Transport and Tourism (MLIT), through its “Support for Technology Development from Marine Vessels for Curtailing CO2” project, has decided to subsidize through fiscal 2009 the below three projects that the Japanese shipping group NYK is currently working on in tandem with other companies for future technology development.

Further to the Golar LNG Ltd.("Golar"), Bermuda, announcement in August 2008 of the MOU signed between Golar and PTT Exploration and Production Public Company Limited ("PTTEP") of Thailand covering the joint development of Floating LNG (FLNG) opportunities, Golar has signed an agreement with PTTEP to jointly enter into Front End Engineering and Design (FEED) studies for the proposed Australian FLNG project located in North West Australia.