Author: Importer

ABB Ltd., the world's biggest maker of power transformers, will spend $100 million in China to open factories and hire as many as 4,000 employees in three years. The company will use…

South Korea's steel giant POSCO has set up its Indian subsidiary to build a 12 million tonne steel plant in Orissa. The company had signed a deal with the Orissa government for…

A contract to guarantee advance-money for the building of six cargo ships for export to Britain was signed between the Viet Nam Shipbuilding Industry Corporation (Vinashin) and the Bank for Investment and…

The Philippine government initiative in 2004 to link the islands of the country through a system of roro shipping, known as the Strong Republic Nautical Highway System, has given local shipbuilders a…

Northwestern Shiprepairers and Shipbuilders has offered £6m to buy the dry docks at the centre of its dispute with landlord Reddington Finance. News of the offer comes as the shipyard group prepares…

A $90 million investment in Western Australia's shipbuilding facilities could generate billions of dollars for the state economy. The funding boost for the Australian Marine Complex (AMC) at Henderson, in southern Perth,…

Shipbuilding on the Clyde has been secured for 20 years thanks to a massive investment in new jobs and training for the next generation of workers. BAE Systems, which will spend £18.5…

Following the recent announcement of Austal being awarded six 16 metre aluminium monohull boats for the Water Police in the Australian state of New South Wales, the same design has found favour…

Daewoo Shipbuilding is rumoured to be building two dry docks in Yantai, China. The plan is to construct a 1 million DWT dry dock and a 300,000DWT dry dock in Yantai, Shandong…

Qatar Gas Transport Co. (QGTC) has enlisted international shipbuilders to construct six to eight LNG carriers at a cost of about $230 million each. QGTC expects to lease each vessel to deliver…

Fuelled by the order boom in international shipping, the tonnage classified by Germanischer Lloyd (GL) has grown to more than 50 million gross tonnage (GT). This is a milestone in the history…

The French marine lubricants supplier, Total Lubmarine, maintains that the marine lubricants industry is facing a new and deepening supply crisis compounded by a period of unprecedented raw material price increases. It…

The Singapore-based offshore services provider, Ezra Holdings, has ordered two new 12,000 bhp multi-purpose anchor handling, towing and supply vessels (AHTS) from Pan-United Marine, a wholly-owned subsidiary of Pan-United Corporation. Delivery is…

Daewoo Shipbuilding & Marine Engineering (DSME) reported that its net income in July declined 34% to $8.1 million from a year earlier. Operating profit fell 58% $9.66 million, with sales declining 30%…

Nakagawa Bussan in Japan placed an order for two 11,200DWT chemical tanker with STX Shipbuilding at a cost of $ 44 million. Ship particulars are 116.5m in length, 20m in breadth and…

The Board of Aker Finnyards has taken measures to make its Helsinki yard one of the most cost effective yards for building ferries in the industry. The former Kvaerner Masa Yards site…

The US Navy?s Office of Naval Research unveiled its new advanced electric-ship demonstrator ship, ?Sea Jet?, for the first time. The ship will test Rolls-Royce patented AWJ-21 water jet technology over the…

The future of the birthplace of Solidarity, the Gdansk Shipyard of the Grupa Stocznia Gdynia (SG GSG) continues to remain unsure. The state plans to merge it with several other shipyards and…

Todd Pacific Shipyards in Seattle, Washington, has leased the US Navy?s floating dry dock ?Resolute? after winning a bidding process last year. The lease is for a 20 year period and Todd…

Marine engine distributor Cummins Diesel SA has launched the first phase of a coast-to-coast programme to expand and upgrade its maritime industry support base. An enlarged customer service and fast-reaction support operation,…