Author: Importer

Residential Cruise Line (RCL) has signed a Memorandum of Understanding (M.O.U.) with Aker Yards to build the world's largest and most luxurious residential cruise ship, the ?Magellan?.Designed by the Norwegian firm of…

The newly formed company Marine Subsea Inc. has signed a contract with Ulstein Verft AS to build a well intervention ship of the type ULSTEIN SX121 from Ulstein Design AS. This is…

Taiwan took another step to distance itself from China by removing or toning down 'China' from the names of two state enterprises. The Economics Ministry ordered the Chinese Petroleum Corp (CPC) to…

Construction work on the $20 million Arab Shipbuilding and Repair Yard Co. (Asry) slipway project was recently started. The contract for the project, to be completed by February 2008, was awarded to…

The Korean shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received order to build a total of nine LNG carriers. DSME will build five of the gas…

Hyundai Heavy Industries (HHI) benefited from the global boom in shipbuilding by managing almost to quadruple its profits in 2006. Profits reached a record 712.8 billion won ($761 million) in 2006, up…

The 50,800 DWT container vessels ?Bahia? and ?Bahia Blanca? built for Hamburg Sud have been christened at the yard of Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, Korea. The two new…

Awilco Offshore (AWO) has, through its fully owned subsidiary OffRig Drilling, exercised an option with Yantai Raffles Shipyard in China to build the company?s third semi submersible drilling rig, to be named…

Wärtsilä has signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology products for separating waste such as oily water and…

Bharati Shipyard in Mumbai, India, has signed a $130.5 million contract with Clipper Group (Management) Ltd. of the Bahamas to build six 20,000 dwt geared bulk carriers. These newbuildings will be of…