Month: January 2006

The China Shipbuilding Industry Corp. (CSIC), one of the two largest shipbuilding groups in China, built 3.17 million tonnes of new ships in 2005, up 47%.In 2005, the CSIC received 3.73 million…

SembCorp Marine is pumping 225 million Yuan or $27.5 million over two years to grow its ship repair and ship conversion business in China. It is investing the money into Cosco Shipyard…

Hyundai Corporation has risen as a major player in the global small and middle sized vessel market as ?Qingdao Hyundai Shipbuilding,? a company it launched last June in China, has successfully won…

Wärtsilä entered into license agreement with Brazilian company Nuclebras Equipamentos Pesados SA (Nuclep) which is owned by the government and mainly active in manufacturing of heavy engineering equipment for nuclear industry, power…

South Korean shipbuilders have lowered their targets for orders this year due to slowing market conditions and an expected drop in demand. The nation's top three shipbuilders, Hyundai Heavy Industries, Samsung Heavy…

Dubai Drydocks is expected to become one of the leading shipbuilders in the region, with the launch of its $60 million newbuilding panel line and steel structure assembly facility in July. The…

PGS Production, a subsidiary of Petroleum Geo-Services ASA (PGS) at Lysaker, Norway, has entered into an agreement to purchase the shuttle tanker ?Rita Knutsen? from Knutsen OAS Shipping for $35 million. PGS…

BMT Ltd is to explore a web-based approach for the delivery of MET Office forecasts to help improve search and rescue (SAR) operations. The work will form part of the two-year, £2.2…

The Viet Nam Shipbuilding Industry Corporation (Vinashin) has generated a turnover of VND7.8 trillion ($493 million) last year, marking a 41% jump over 2004 revenue.Last year the corporation signed a number of…