Month: February 2005

STX Shipbuilding has secured a newbuilding contract for four 62,000DWT product carriers and two 10,600DWT chemical tankers from a shipowner in Cyprus. The total value amounts to $252million and all six ships…

Rolls-Royce is providing its Kamewa waterjets for the US Navy?s X-Craft, an experimental ship due to be launched tomorrow. The high-speed aluminum catamaran X-Craft under construction at Nichols Brothers Boat Builders, Whidbey…

DNV has entered into an agreement with two universities in India, i.e. Indian Institutes of Technology at Kanpur and Kharagpur. Both universities are recognised for their excellence in the field of information…

Having received the green light from the US Navy in October 2004 to proceed toward final manufacture of a 36.5MW ship propulsion motor, American Superconductor (AMSC) has continued to make excellent progress…

Hyundai Mipo Dockyard has set up a subsidiary, Mipo Engineering, to undertake ship design as well as other activities such as technology test and inspection. Choi Kil Sun, president and CEO of…

Wärtsilä has signed a letter of intent with China Shipbuilding Industry Corporation (CSIC) to set up a 50/50 joint venture to manufacture marine auxiliary engines in China. The location of the new…

The Arab Shipbuilding and Repair Yard (ASRY) has been awarded a $4 million contract by the Kuwait Oil Tanker Company (KOTC) to build a new 35 metre service boat which will service…

As an international partner to the iNavSat consortium, Kongsberg Maritime has played a key role in the maritime activities of Galileo Concession bid, which will be evaluated by the European Commission (EC)…

Analysts in Singapore are forecasting robust growth and earnings this year from local shipyards which are claimed to be achieving global leadership in the offshore marine sector. The two biggest players, SembCorp…