General News

The European Commission has approved under EC Treaty state aid rules regional investment aid of ?4.2 million to the German shipyard Volkswerft Stralsund. After an in-depth investigation initiated in February 2006, the…

Tsakos Shipping and Trading SA, a subsidiary of Athens-based Tsakos Group, has reportedly said that it has ordered six ships from Sino Pacific Heavy Industries Group's Zhejiang Shipyard for about $210 million.…

Wärtsilä Corporation has signed an agreement to acquire the German ship design company group Schiffko which is privately-owned and has annual net sales totalling approximately EUR 4 million and some 25 employees.…

James Fisher, the UK?s leading provider of marine services, has acquired the UK-based short sea operator FT Everard for a total cash consideration of approximately £23.7 million and the assumption of £28.0…

Malaysia?s premier dredging and reclamation contractor Inai Kiara Sdn Bhd will purchase a fleet of seven vessels, including two dredgers, from MSET Shipbuilding Corporation Sdn Bhd, a Terengganu based company. The $28.20…

Singapore's Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has received a Letter of Award from Saudi Aramco Overseas Company B.V. for the design, construction and delivery of a self-elevating heavy-lift jack-up…

Hyundai Samho has clinched two VLCCs from a ship owner in Latin America. Total contract price is $259 million and delivery is scheduled for April 2010.

Desperate attempts are being made to save the former transatlantic liner ?France?, ex-Norway, and now renamed ?Blue Lady?, from being dismantled in India where she has been languishing for the last couple…

UAE-based Nico International has signed a joint venture agreement to build a ship repair yard in Kazakhstan and also has plans to set up a shipbuilding facility in the Central Asian nation.Nico…

Daehan Shipbuilding Co, a South Korean shipbuilder, has won a $590 million order to build eight ships for a European company. Daehan, which is building a shipyard in the south-western part of…