Month: November 2004

The Spanish shipyard Izar Ferrol is looking for overseas markets that will generate revenues at least $24 billion. At present the Ferrol yard, described as one of the few global shipyards able…

Teekay Shipping, the world's second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering. The Marshall Island-based…

Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with Volstad Maritime AS, Alesund, Norway for outfitting of one ROV Survey/Supply vessel at Aker Langsten. The contract is…

President Chavez of Venezuela has announced that his country will send some oil tankers to the troubled Izar shipyard. Spanish President Jose Luis Rodriguez Zapatero had been brokering the deal, which could…

Bharati Shipyard, one of the leading shipbuilder in the private sector in India, aims to achieve 20% of its revenue from the ship-repair business after completion of the current expansion drive. "Though…

VT Halter Marine has signed a $31 million contract to build a double-ended passenger/vehicle ferry for Nantucket Steamship Authority in Massachusetts. The 78.15 metre long ferry is expected to be delivered in…

According to a European diplomat just hours after Seoul had claimed victory in the case, the WTO has ruled against South Korea on the core issue of a dispute over South Korea?s…

Calling the pending adoption of new IACS common rules for tankers and bulk carriers "the most fundamental change in the structure of the classification sector in its history," ABS chairman and ceo,…