General News

Hanjin Heavy Industries secured an order for four 3,100TEU container ships from a European ship owner. Total contract price is $248 million and will be delivered by May 2009.

Larsen & Toubro (L&T), India's largest construction and engineering firm, aims to invest more than $111 million to build a second shipyard and grab a share of the global demand for vessels,…

Greek shipping companies want to set up fast ferry services between Qatar and neighbouring countries including India, Pakistan and Iran, according to local reports. Ferries would carry trucks and cars as well…

Wärtsilä Automation Norway, a member of the Wärtsilä group and Emerson Process Management have decided to form a total electrical and instrumentation system alliance for FPSO vessels. This alliance will deliver high-performance…

In line with its Horizon 2010 strategic plan, the French towage and salvage company Les Abeilles, a Bourbon subsidiary, is expanding its harbour tug fleet by ordering 12 tugs consisting of a…

Larsen & Toubro Ltd (L&T), India's largest engineering and construction conglomerate with additional interests in electricals, has forayed into the shipbuilding business by securing a $98 million contract from the Netherlands-based Zadeko…

The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine…

Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is…

BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring…