Author: Importer

Mumbai-based engineering and construction company Larsen & Toubro (L&T) will set up a major state-of-the-art shipbuilding yard at a cost of Rs1,500 crore. The company has identified three locations ? Chennai in…

Sources in Norway suggest that Havila AS is in the process of acquiring 51% of Kleven Maritime. "Kleven's shareholders have accepted Havila's offer, and Havila wants to merge Kleven with Havila's existing…

The Marine Transport Agency at the Roads and Transport Authority (RTA) in Dubai (UAE) has received a delegation from the Dutch's Damen Shipyards. A number of important issues were discussed during the…

Movie stars Angelina Jolie and Brad Pitt are treating themselves to an Italian luxury yacht fitted with a swimming pool, a heliport and a submarine. The yacht will be built in the…

Hyundai Heavy Industries and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said. Executives at Varun Shipping…

Danaos Corporation has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction. These containerships are expected to be delivered to Danaos from November 2009 through June 2010.…

Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD…

The race for the Rs 2,000-crore ship building yard project at Kandla, India, is hotting up with as many as 14 leading infrastructure companies in contention. These include large Indian companies such…

Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts $866 million for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers…

Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) in Korea for four 43,000 DWT parcel tankers. The aggregate price for the…

The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate of 30%. In a recent report, a consultancy firm has said…

China will implement its first ever market access regulations for shipbuilding manufacturers from 1 October in order to prevent production of low-quality vessels. Jin Zhuanglong, vice minister of the Commission of Science,…

EUKOR Car Carriers has placed an order with Korea shipbuilder Hyundai Heavy Industries (HHI) for four large Pure Car and Truck Carriers (PCTCs). The vessels will be built at the HHI Shipyard…

Shipbuilding seems to be staging a comeback in India, especially large ships, with smaller shipyards taking the lead. India?s largest private sector yard, ABG Shipyard, announced an order for four bulk carriers…

Hyundai Heavy Industries? Shipbuilding Division has commenced construction of a 10,000TEU containership. The ship is one of the four ordered from the Chinese shipping company COSCO, and will be delivered in early…

Aker Yards and Tallink Grupp have signed a contract of a large cruise ferry. The vessel worth approx. 180 million Euros will be delivered in spring 2009 from the shipyard in Rauma.The…

Hyundai Samho Heavy Industries in South Korea has secured an order for three PCTCs from a ship owner in Latin America. Total contract price is $270 million and deliveries will be completed…

Hitachi Zosen joins the family of licencees of Wärtsilä Corporation to manufacture Wärtsilä RT-flex electronically-controlled common-rail marine engines. Hitachi Zosen was awarded a contract in March 2007 by Wärtsilä Corporation to build…

Yangzijiang Shipbuilding, one of the leading shipbuilders in China, is planning to raise up to $622 million through a listing on the Singapore Exchange. The Jiangsu-based shipbuilder is offering 993 million shares,…

Hanjin Heavy Industries has won $281 million order to build five container ships for a European company. The vessels will be delivered to Danaos Shipping of Greece by 2010. Hanjin expects this…