Author: Importer

Mitsubishu Heavy Industries (MHI) aims to promote further penetration of its UE engines into the Vietnamese shipbuilding industry, which is expected to grow rapidly amidst the current boom in international shipping. Nguyen…

Baoshan Iron and Steel Co. Ltd. (Baosteel), China's largest steel maker, will cut steel prices for the first quarter of 2006 in an effort to compete with domestic rivals. Baosteel is rumoured…

The jobs of hundreds of Scottish shipyard workers looked more secure today after it emerged that BAE Systems is set to grab the lion's share of a £3.5 billion carrier contract.It follows…

The Maritime States Development Council (MSDC) in India has decided to invite suggestions and recommendations for setting up of two international size shipyards - one on the east coast and another on…

Bharati Shipyard Limited, one of the largest private sector shipyards in India, has announced that it has completed the acquisition of M/s Pinky Shipyard Pvt Ltd. Following this, the company holds 51%…

Keppel Singmarine has clinched a contract worth $135 million to build six Anchor Handling Tug/Supply (AHTS) vessels for Gulfmark Offshore, Inc. Two of these six 10,700 bhp AHTS vessels of 2,700 dwt…

Alstom has closed the sale of its Power Conversion activity to Barclays Private Equity.Alstom Power Conversion specialises in the supply of systems and equipment which convert electrical energy into mechanical energy, such…

The Viet Nam Shipbuilding Industry Corporation (Vinashin) signed a contract to build a 2,500 DWT container ship for Denmark?s Fabricius marine company. The vessel, worth $4.3 million, is scheduled to be delivered…

Wilh. Wilhelmsen ASA (WW) has placed an order with Mitsubishi Heavy Industries (MHI) for two additional car carriers at the yard in Nagasaki, Japan, for delivery in 2008. The ships will be…

Wärtsilä has been awarded a contract by China's Yantai Raffles Shipyard to supply the main engines, thrusters and associated ancillary equipment for its new offshore semi-submersible platform ?ORS Pioneer?. Wärtsilä is to…

Mitsubishi Heavy Industries (MHI) has signed an agreement under which it will license its low-speed diesel engine technology to Vietnam's state-owned shipbuilding company.Under the agreement, MHI will provide Vinashin with the licensing…

Hyundai Heavy Industries (HHI) achieved a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the…

Samsung won an order for three 70,000DWT ice breaking tankers from Sovcomflot. The newbuildings will be able to break ice going either ahead or astern. Total contract price is $ 430 million.

Maersk is poised to tighten its stranglehold on container shipping with a new generation of container ships able to carry up to 15,000 TEUs, according to Paris broker Barry Rogliano Salles. The…

MSC Cruises has confirmed to ALSTOM a contract for the construction of two 1,650 cabin cruise ships, following a letter of intent signed last June. These newbuildings will be the largest ever…

Germanischer Lloyd (GL) has bought a stake of 75% in Ms Logistik Systeme (MLS), a Rostock software company which plans, develops and markets program modules for highly efficient vessel management. Employing 14…

Kawasaki Heavy Industries (KHI) announced that its subsidiary company Kawasaki Precision Machinery Ltd (KPM) has completed the construction of a new ship rudder plant in Uiryeong, South Korea. KPM?s rudder business in…

The city of Xiamen in China announced that it will develop shipbuilding and ship repair business by 2015. According to Korea Trade-Investment Promotion Agency?s branch office in Xiamen, the city will secure…

Hurricane damage to Northrop Grumman's Mississippi and Louisiana shipyards tops $1 billion and company officials claim production delays could cost the defense contractor millions more. The Pascagoula shipyard had been inundated by…

Nexans, a major global player in the cable industry, has entered into an agreement with Bourbon Cable AS, a subsidiary of Bourbon Offshore Norway AS, securing control of the specialised cable layer…