Month: January 2005

BAE Systems is reported to have put back moves to make 100 drawing office jobs redundant following discussion between management and the Ministry of Defence about packages of work to absorb some…

Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date.…

Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The…

Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the…

The Brazilian state-controlled oil company, Petroleo Brasileiro (Petrobras), is rumoured to be requesting bids from 12 domestic shipbuilders to build as many as 42 oil tankers at a cost of $1.9 billion.

Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process…

The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has…

Construction on the first two ships in a 15 vessel deal between the UK-based Graig Shipping and Viet Nam?s shipbuilder Vinashin will begin soon at their Ha Long shipyard and Nam Trieu…

The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller…

Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard,…