Author: Importer

Keppel FELS in Singapore has won the contract to build the seventh ENSCO 8500 series deepwater semisubmersible (semi) worth $560 million including equipment specified by the owner. To be delivered in the…

The Kuwait Oil Tanker Company (KOTC) has signed a letter of intent with Daewoo Engineering & Construction to build four VLCCs for $700 million. The final contract will be signed on 21…

Work has started on the first of two 65,000 gt Oceania class newbuildings of the Florida based upper premium operator Oceania Cruises at Fincantieri's Sestri Ponente Shipyard in Genoa, Italy. During the…

JFE Holdings Inc. and IHI Corp. are in talks to create Japan's biggest shipbuilding company to compete against South Korean and Chinese yards. "We're in discussions with JFE about shipbuilding operations,'' said…

The Friedrichshafen-based Tognum Group continues its expansion trend. The company decided to invest an additional ?75 million in capacity expansion in the production of MTU engines, L?Orange high performance injection systems, as…

The Tognum Group in Germany and the Swiss company Hug Engineering AG have agreed on a joint venture for cooperation in the field of exhaust after treatment. The new company will be…

Aker Yards shipbuilding said last Friday that a $1.3-billion bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results.The group reported…

Malta?s privatisation unit is offering the shipyards on a 30 year lease and the call for expressions of interest does not specifically limit the use of the assets to shiprepair. It does…

The Chamber of Shipping (CoS) hosted a meeting of its members to consider the merits of market-based instruments which could help shipping reduce its carbon emissions. The CoS has endorsed the need…

Dutch shipping companies Wagenborg Shipping, Flinter Management and Amasus Shipping will investigate the social, legal and technical possibilities of shore support for short sea ships. This will improve ships? safety and stimulate…