General News

Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply…

Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of…

Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this…

Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14…

Daewoo Shipbuilding & Marine Engineering (DSME) in Korea has developed a liquefied natural gas- regasification vessel (LNG-RV) for the first time in the world. The LNG-RV supplies regasified LNG directly into the…

Hamworthy has won orders worth $5.2 million for cargo pump room systems to be installed on eight ships being built by Dalian Shipyard in China. Hamworthy cargo pump room systems have been…

With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five…

The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales…

The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from…

A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took…