General News

Three Letters Of Intent have been received by Atlantia Offshore Limited, a fully-owned subsidiary of SBM Offshore N.V., from several Brazilian drilling contractors in the wake of major drilling contracts recently awarded…

Stocznia Gdynia, the Polish shipyard owned by the Ministry of the Treasure and its subsidies, was expected to get out of the red. Its GSM has agreed to increase the equity by…

A new 2,500-tonne floating dry dock will be built by the Chinese shipbuilder Penglai Bohai Ship Co for the Ketchikan Shipyard, in Alaska, at a cost of $9.2 million for delivery in…

Grindrod?s ship owning arm, Unicorn Shipping, has placed shipbuilding orders for two high-specification bunkering barges and secured options for more from a southern China shipyard.This had been done in response to the…

Wärtsilä has acquired the German service company INTEC Injectortechnic GmbH from the four persons owning and managing the company. The Hamburg-based company is specialized in fuel injection equipment, providing installation and services…

Wärtsilä Corporation has introduced a new compact, high-performance waterjet that is optimized for fast vessels. The new Wärtsilä LJX waterjet offers, in comparison with other waterjets available today, a 25% reduction in…

Daewoo Mangalia Heavy Industries (DMHI) shipyard, the biggest shipyard in Romania, last year recorded losses worth 18.5 million euros despite a 46% increase in its turnover. DMHI slipped into the red mainly…

South Korea's top three shipyards are likely to win higher-than-expected orders worth at least $30 billion this year on strong sales in the first half of the year, industry sources said. The…

China Shipbuilding Industry Corp (CSIC), one of the nation's two state-run shipbuilding groups, plans to triple its turnover by 2015 when it expands its building capacity to meet rising global demand. The…

Esnaad, a wholly owned subsidiary of Adnoc in Abu Dhabi, has become the first Middle East based ship owner to order a vessel of UT-Design from Rolls-Royce. The contract covers the supply…