Month: September 2005

Northrop Grumman will resume building Navy ships at its Katrina damaged Gulf Coast yards as early as next week, according to company executives. Operations in Pascagoula, Gulfport and New Orleans represent about…

An unspecified Japanese shipowner has ordered three 10,000 cbm ethylene carriers from INP Heavy Industries in South Korea at a cost of $135 million. They will be built to ice class specification…

The Indian government has approved a 2.4 billion euro order for six French Scorpene submarines, in which Thales and partner DCN have a 1.2 billion euro share. The deal, already cleared by…

Sumitomo Metal Industries (SMI) agreed with major shipbuilders to increase the plate contract price by 5,000 yen ($45.63) per tonne for shipment in second half of fiscal 2005 ending March 2006. The…

The Hamburg-based Nordcapital Group can look back on another positive year. With a total investment volume of ?636.2 million, 2004 sets a new company record for earnings. The main focus of investment…

Qatar will have the world's largest fleet of LNG carriers within five years, according to Robert Curt, the managing director of Qatar Gas Transport Company (QGTC) which manages the marine interests of…

Lloyd?s Register Asia has signed an agreement to establish a joint venture with China Classification Society (CCS) in Beijing. The exclusive agreement was signed by David Moorhouse, Executive Chairman of Lloyd?s Register,…

The Chinese government recently ratified the construction of Changxing shipyard, the $3.6 billion shipbuilding complex at the mouth of the Yangtze river which will triple Shanghai?s shipbuilding capacity. First stage of the…

The recent orders of classification services for six LNG carriers have resulted in an important milestone for Lloyd?s Register (LR): over 100 LNG ships now exist or are being built to LR…

Korean shipbuilders have been leading the global market with competitive prices and timely deliveries for the past decade, thanks to peaceful labour-management relations and sufficient domestic supply of parts and steel plates.…