General News

Exmar, a leading operator of gas tankers, has confirmed an order for a 4th liquefied natural gas regasification vessel (LNGRV). The 150,900m3 vessel, to be delivered in the 1st quarter of 2008,…

Wärtsilä has inaugurated its new, state-of-the-art production plant in Wuxi, China.The factory, Wärtsilä Propulsion (Wuxi) Co Ltd, is Wärtsilä's first wholly-owned production venture in China and is focusing on the manufacture of…

Over 30% of all vessels repaired by ASRY (the Arab Ship Building and Repair Yard Co in Bahrain) over the past few years have been in the 120m to 140m category. This…

Kongsberg Maritime has won orders, valued at approximately MNOK 100 (US$15.25 million), for automation and control systems for eight LNG carriers. The orders are for vessels to be built in South Korea…

The order for 12 LNG tankers for Teekay Shipping and the so-called J5 consortium of MOL, NYK, K Line, Mitsui and Iino, which we reported as "tentatively won" on 14 June, has…

P&O announced today that it has entered into an agreement to sell its entire 25% shareholding in Royal P&O Nedlloyd NV to two financial institutions acting on behalf of AP Moeller-Maersk, at…

Norfolkline, a leading North European multimodal short sea carrier and part of the AP Moller-Maersk Group, has announced its intention to acquire Norse Merchant Ferries, the Irish Sea ro-ro/ferry operator. Should the…

COSCO Corp (Singapore) Ltd?s 51%-owned subsidiary, COSCO Shipyard Group, has secured four high value contracts totaling US$20.5 million from Greek and Middle East oil tanker owners for double hull tanker conversions.The contracts…