General News

Norwegian naval architects Multi-Maritime has announced that Riise Underwater Engineering (RUE) and Simon M?kster Shipping have ordered a second Multi Maritime-designed multi-purpose offshore vessel. The vessel will be built at Westcon in…

Daewoo Shipbuilding & Marine Engineering Co in South Korea has secured an order worth $604 million to build four very large crude oil carriers for a Middle Eastern client. It did not…

Rousse Shipyard in Bulgaria has enough orders to operate at full capacity through the end of 2010, according to managing director Ignat Traikov. The order book contains orders from German and Dutch…

South Korea???s Posco is preparing to expand overseas and overtake Nippon Steel of Japan as the world???s third-biggest steelmaker by using its groundbreaking Finex technology. This revolutionary steel- making process is based…

India's largest engineering and construction firm Larsen & Toubro Ltd (L&T) is negotiating with global shipping fleet owners to build ships worth over $1 billion, but the company cannot finalize these orders…

ECI Partners LLP (ECI), the UK mid-market buyout specialist, has acquired Kelvin Hughes in a ?£52m transaction out of Smiths Group plc, the UK listed technology company. Kelvin Hughes is a leading…

The Russian prime minister Viktor Zubkov has expressed concern over a slow reform of the civilian ship building industry at a meeting of the cabinet on Thursday. ???The civilian ship building industry…

The Dutch tug operator Smit has signed a contract with Damen Shipyards for 11 new vessels. Two tugs, type ASD 2810, are replacements for the harbour towage fleet in Rotterdam and will…

Tokyo LNG Tanker Co., a wholly-owned subsidiary of Japan's top gas distributor Tokyo Gas Co Ltd, has ordered an LNG tanker from Kawasaki Shipbuilding Corp, a unit of Kawasaki Heavy Industries, for…