Author: Importer

Kongsberg Maritime in Norway has signed an agreement to acquire the UK-based sonar company GeoAcoustics Ltd for approximately NKr 42 million. The acquisition of the Great Yarmouth-based company will enhance Kongsberg Maritime's…

Hanjin Heavy Industries & Construction has won a $330 million order to build two oil tankers. The deal with Emarat Maritime LLC of the United Arab Emirates calls on the shipyard to…

The UK Defence-technology group QinetiQ has won a £150m contract from the Ministry of Defence (MoD) to provide testing and design services for ships, submarines, and other maritime equipment.The 15-year contract, called…

Vessels could be forced to reduce speeds to 10 knots if a new regulation by the National Oceanic and Atmospheric Administration (NOAA) in the USA gets given the go-ahead. The NOAA Fisheries…

Wärtsilä has acquired Navelec SAS, a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec's main office is located in Le Havre, France,…

Sealink International Bhd's unit, Sealink Shipyard Sdn Bhd (SSSB), has secured two contracts worth RM62 million ($18 million) to construct the hulls for two 111-metre accommodation work barges for Singapore-based Swire Pacific…

South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines in Subic Bay, has recently completed its second container ship, named CMA CGM Turquoise, with a market value of over $60 million. Hanjin completed the…

The new £3.9 million slipway unveiled recently at Macduff Harbour in Scotland will safeguard jobs and reverse the decline in the harbour's fortunes. Located at the Macduff shipyard, the new fully-automated facilities…

Hyundai Heavy Industries Co., the world's largest shipbuilder, is reportedly ready to spend as much as 8.5 trillion won ($7.54 billion) to take over Daewoo Shipbuilding & Marine Engineering Co (DSME). Last…

Kawasaki Kisen Kaisha ("K" Line) in Japan has ordered three 176,000 dwt Capesize bulk carriers from Shanghai Waigaoqiao Shipbuilding (SWS) for delivery in 2012. "K" Line's goal is to have 100 Capesize…