News

Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation in the South American country with cooperation of the domestic shipbuilder Dianca. The memorandum of understanding was signed between…

Avanzamento Engineering?s (AESB) new shipyard in Manjung, Perak, Malaysia, will start operating in July 2006. About $13.2 million has been invested in the shipyard, which will employ 50 to 60 people and…

The Indonesian state-owned oil company PT Pertamina plans to acquire 32 oil tankers totaling more than 800,000 DWT for domestic oil shipments. The company`s president director, Widya Purnama, said the procurement was…

Austal Ships has secured a newbuilding contract for two 88 metre high speed vehicle-passenger catamarans from the Istanbul Metropolitan Municipality. This follows the submission of a fully compliant proposal with the lowest…

Turbomeca, the French-based player in manufacturing aero, land and marine turbines, is opening its industrial operations in Bangalore, India, though its 100% subsidiary Turbomeca Turbochargers Industrial India (TTII).The subsidiary will initially focus…

A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city's shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co…

Hudong Heavy Machinery in China aims to increase its engine product capacity by almost four times. The engine maker has set a target of producing 1.4 million bhp in 2006, 2.5 million…

KCI Konecranes in Finland has received an order for a Goliath gantry crane from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The new 900-ton crane will be delivered to the DSME…

As part of its ambitious expansion plans, national flag carrier Shipping Corporation of India (SCI) is all set to acquire 14 ships at a total cost of $563 million."The proposal of acquiring…

US naval designer Gibbs & Cox will set up an Adelaide headquarters, helping to create more than 100 jobs.The Virginia-based firm will set up corporate headquarters near Outer Harbor-based ASC, which, in…

Vosta LMG received a contract for a cutter suction dredger from Arab Potash in Jordan. This new dredger is of special design as it will need to excavate hard salt deposits in…

ABB has won contracts worth $140 million to supply its Azipod propulsion systems for three vessels and electrical power systems for 11 new marine vessels and for two semi-submersible drilling rigs. The…

The Odense Steel Shipyard presented its latest newbuilding for the A.P. Moller - Maersk Group. The 7,000TEU post-Panamax boxship was named Gjertrud M?rsk and is the fourth ship in a new series…

Petronet LNG Ltd, India's largest liquefied natural gas importer, has awarded a 25 year charter agreement for one additional LNG ship from a consortium led by Exmar of Belgium at a day…

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…

A new marine research vessel will be built by the Macduff shipyard in Aberdeenshire. Ministers are expected to confirm that the $7 million contract has been awarded to the north east yard,…

Iran's Shipping Lines (IRISL) Panamax bulk carrier ?Iran Bojnourd? was recently delivered by Jiangnan Shipyard in Shanghai. The 74,000 DWT newbuilding is the second in a five-ship series ordered by IRISL and…

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…

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…