Month: September 2004

The government of Pakistan has formally handed over the Karachi Shipyard to the Pakistan Navy following wide ranging consultations. The federal finance ministry has been told to provide 460 million for the…

Royal Caribbean International (RCI) and Aker Yards, confirmed an order of a second Ultra Voyager, the world's largest cruise ship. The contract is valued at some $700 million.This 160,000gt 3,600 passenger vessel…

Only private capital can save the La Naval shipyard in Sestao, one of the yards in the Izar Group, following an announcement by the Spanish government to split up the group and…

Daewoo Shipbuilding recently launched three ships and one offshore platform at No. 1 Dock all on the same day. The first was a 145,000§© LNG carrier for Bergesen, the second was a…

To help ship owners, operators and managers comply with the latest mandatory regulations governing the collection, retention and storage of bunker samples in accordance with IMO MARPOL 73/78 Annex VI, Kittiwake is…

Aker Yards Group will merge its two shipyards in Finland, Kvaerner Masa-Yards and Aker Finnyards, and the new company will be named Aker Finnyards which will cover all Aker Yards shipyard activities…

Malaysia International Shipping Corp. (MISC) has agreed to buy five new LNG tankers from Japanese shipbuilder Mitsubishi Heavy Industries. "I can confirm we have signed up for five tankers," MISC spokesperson Fiona…

The UK defence group, BAE Systems, has dismissed reports of a boardroom disagreement ahead of the group's interim results this week. Directors are meeting today to discuss the future of the company's…

Korea Development Bank (KDB) has selected STX as a preferential bidder for the Korean shipping company Pan Ocean. The bank commented that STX won the bidding because of employment stability, purchase condition…

An industry source forecast that this year the world shipbuilding industry is likely to spend $5.3 billion on marine propulsion systems and this is set to rise. Over the period 2004 to…