General News

L-3 Communications based in New York has signed an agreement to acquire SAM Electronics GmbH (SAM) for $150 million in cash, subject to customary closing conditions and regulatory approvals. SAM is expected…

Norden, Denmark-based shipping company, signed three contracts with China State Ship-building Corporation (CSSC). The contracts will increase Norden's current investment in China to over $100 million. Under the agreement, Norden will commission…

The Ferguson shipyard in Inverclyde has been awarded a multi-million pound contract to build a new ferry for Caledonian MacBrayne. The $10.4 million order was won by the Port Glasgow yard despite…

The christening and launching ceremony of the large cruise ferry ordered by Tallink took place at Aker Yards shipyard in Rauma. The 165 million Euro vessel was named ?Galaxy? and will start…

Hyundai Mipo Dockyard recently captured two orders for product carriers. The first comprised of three 37,000DWT tankers from a European ship owner for as a total value of $124 million. The second…

Aker Philadelphia Shipyard has begun production on the second of ten vessels in the 46,000 dwt product tanker build program announced last spring. Steel cutting for the ship, the sixth built by…

The St. Petersburg-based Admiralty Shipyard has begun sea trials of a fourth-generation Project 677 Lada class diesel-electric submarine, according to the company's press office. During the next few months, the submarine, called…

Hudong Zhonghua Shipbuilding secured a contract for three LNG carriers from two domestic gas tanker operators. The 47,000 cbm newbuildings will be delivered on November 2008, July and October 2009. This latest…

In the largest ever commercial shipping contract in the world, RasGas (3) signed time charter agreements with JC Nakilat and Teekay Nakilat for $9bn 25-year charter of 12 large Q-Flex sized membrane…

The newbuilding, currently being built by Jaya Shipbuilding and Engineering at their Batam, Indonesia, yard near Singapore, is a 70 m, 5,500 BHP, approximately 70 tonne bollard pull, DP2 anchor handling towing…