Author: Importer

Plans by the Norwegian group Umoe Industri to merge its lifeboat and davit subsidiary Umoe Schat-Harding with Bergen-based equipment manufacturer TTS Marine ASA have been cancelled. Umoe has called off the proposed…

Exmar, the Belgian gas tanker operator with a diversified fleet of 50 ships, has successfully carried out the first commercial ship-to-ship (STS) transfer of LNG. A total of 20,650m³ of LNG was…

Northrop Grumman Corp. has been awarded a $95.8 million contract for the detail design of the US Navy's 21st century DDG 1000, formerly called the DD(X), destroyer. The contract, to be performed…

Korean shipbuilders' earnings are forecast to improve through 2008 and beyond as the tight supply and demand balance allows them to pass on rising costs, said US-based investment bank Lehman Brothers in…

The Polish government said it will revise plans for restructuring its shipyards, seeking to save 16,000 jobs. Under pressure from the European Commission, Poland said it will come up with a new…

Doha-based Halul Offshore Service Company (HOSC) received their latest new anchor handling tug supply vessel (AHTS), the Halul 24, which was built by Bharati Shipyard in India. This vessel is the first…

Hyundai Heavy Industries has developed a new membrane LNG scaffolding system based on modular design. Until now, the shipbuilder has used 256 scaffolding units when installing the membrane containment system in LNG…

A new set of guidelines is now available summing up all the steps necessary to design, create, inspect and repair all types of bonded joints in ships. Cruise ships and other high-tech…

According to an exclusive report by Fairplay, the Panama Maritime Authority (AMP) is to make recommendations to the International Maritime Organisation (IMO) that revisions be made to the ISM Code in particular…

The European Commission is still awaiting details from Poland on government subsidies for shipyards after warning Warsaw that failure to reply could force the EU to demand the troubled yards repay the…

Daewoo Shipbuilding clinched a DPP (Drilling and Production Platform) from Chevron Corp valued at $1.27 billion. The 85,000 tonne DPP will be the world?s largest offshore plant order in terms of value…

Royal Caribbean Cruises Ltd. is expanding in Europe and Latin America by purchasing Pullmantur, the largest cruise ship operator in Spain with five cruise ships.In addition to its cruise ships, Pullmantur has…

Nordcapital Holding in Hamburg, Germany, and Aker Yards have signed a contract to build another two Platform Supply Vessels (PSVs) of the type UT 755 LN. The two newbuildings are scheduled for…

Hyundai Corporation has completed the slipway construction of Qingdao Hyundai Shipbuilding Co., Ltd, an acquired shipyard in China, and announced its mid- to long-term development plan. The newly constructed ?number four? slipway…

The future of Poland's shipyards featured high in the Polish prime minister?s meeting and press conference with EC president Jose Manuel Barroso. The issue is one of the most contentious in strained…

Korea Development Bank (KDB), a top shareholder in Daewoo Shipbuilding and Marine Engineering DSME), will announce in early 2007 a plan to sell the world's No. 2 shipbuilder, the bank's governor said…

Dolphin Offshore Enterprise (DOE) in Mumbai, India, is in negotiations with three Gujarat-based companies to acquire a shipyard. DOE is having discussion with Gujarat government owned Alcock Ashdown besides two privately held…

Northrop Grumman has received orders to supply bridge navigation and communication electronics for a new offshore fisheries patrol vessel under construction for the Scottish Fisheries Protection Agency (SFPA). The equipment, to be…

Canadian Shipbuilding & Engineering Ltd. (CSE) will seek government money, cut labour costs and restructure before resorting to a sales process if necessary, the monitor overseeing its bankruptcy protection said in court…