General News

Hanjin Heavy Industries won an order for four 5,100TEU container ships from a German ship owner for delivery by June 2008. Total contract price is $320 million.

Daewoo Shipbuilding & Marine Engineering (DSME) has won a $978 million order to build the world?s largest FPSO. The order was placed by Star Deep Water Petroleum, a Chevron Texaco subsidiary in…

Aker Yards is to build a multifunctional, anchor handling tug supply service vessel, of the type UT-712 L for Farstad Supply AS in Ålesund, Norway. The value of the contract is approximately…

UK-based BMT Defence Services Ltd, a subsidiary of British Maritime Technology Ltd (BMT), is establishing a new subsidiary based in Melbourne, Australia. The new company is named BMT Defence Services (Australia) Pty…

Rolls-Royce opened the doors today to a new machining center at its Propeller Center of Excellence in Pascagoula, Mississippi. The new facility, adjacent to the foundry, will improve manufacturing capabilities and production…

Venezuela?s Foreign Minister has denied rumours that the current negotiations to purchase four oil tankers from Spanish shipbuilder Izar are part of an arms race. He explained that all negotiations conducted with…

Located at Portland Harbour on the English south coast, what has been declared as the most advanced bunkering facility in the UK commences service on the 10 March, offering shipping an important…

Iridium Satellite LLC, the global supplier of mobile satellite communication services, said that it had more than 114,000 subscribers as of 31 December 2004, a 22.5% increase from 2003.The company's revenue for…

TOTAL Lubmarine has developed a new cylinder lubricant specially designed for use with low-sulphur fuels. The lubricant, TALUSIA LS 40, has successfully completed in-service tests and is now approved by MAN B&W…

Fast attack naval craft T-84 was commissioned into the Indian Navy for operations in the coastal areas. The induction of the ship was in keeping with the Navy's policy to acquire high-speed…