Month: November 2005

Alstom has closed the sale of its Power Conversion activity to Barclays Private Equity.Alstom Power Conversion specialises in the supply of systems and equipment which convert electrical energy into mechanical energy, such…

Wilh. Wilhelmsen ASA (WW) has placed an order with Mitsubishi Heavy Industries (MHI) for two additional car carriers at the yard in Nagasaki, Japan, for delivery in 2008. The ships will be…

Samsung won an order for three 70,000DWT ice breaking tankers from Sovcomflot. The newbuildings will be able to break ice going either ahead or astern. Total contract price is $ 430 million.

Wärtsilä has been awarded a contract by China's Yantai Raffles Shipyard to supply the main engines, thrusters and associated ancillary equipment for its new offshore semi-submersible platform ?ORS Pioneer?. Wärtsilä is to…

MSC Cruises has confirmed to ALSTOM a contract for the construction of two 1,650 cabin cruise ships, following a letter of intent signed last June. These newbuildings will be the largest ever…

Maersk is poised to tighten its stranglehold on container shipping with a new generation of container ships able to carry up to 15,000 TEUs, according to Paris broker Barry Rogliano Salles. The…

Mitsubishi Heavy Industries (MHI) has signed an agreement under which it will license its low-speed diesel engine technology to Vietnam's state-owned shipbuilding company.Under the agreement, MHI will provide Vinashin with the licensing…

Hyundai Heavy Industries (HHI) achieved a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the…

Volgograd Shipbuilding Plant, part of the MNP group, started construction of the lead-ship in a four-ship series of dry-cargo ships for Iranian company Irinvestship at a total cost of $44 million. Delivery…

South Korea-based shipping company STX Pan Ocean Co. Ltd. awarded a contract to STX Shipbuilding to build three ships. The tender for the three ships, priced at $44 million each, was awarded…