Month: February 2006

STX Shipbuilding in South Korea announces on February 24 that it clinched two plus three 51,000DWT product carriers from Primorsk International Shipping Limited at a cost of $53 million each. Ship particulars…

A significant milestone for the protection of the marine environment will be reached on 24 March 2006 with the entry into force of the 1996 Protocol to the Convention on the Prevention…

Qatar Gas Transport Company and Qatar Shipping will use a joint venture company to own and operate four LNG vessels. The ships are being built by Hyundai Heavy Industries at a cost…

The Genoa-based tug company, Rimorchiatori Riuniti, has ordered a AHTS vessel from Fincantieri for delivery in December 2007. The 3,000 DWT vessel is of a MOSS 424 design and will have a…

The Italian shipowner, Navigazione Montanari S.p.A., declared the option for the construction of two more 37,000 DWT product/chemical tankers for a total investment of ?81 million. The option was provided by a…

The Glasgow-based shipbuilder Ferguson is once again waiting to hear if the Scottish Executive will give it work and keep the yard going. Ferguson's 118-strong workforce hopes to learn next week if…

The European Commission has launched an investigation into proposed government subsidies of euro5.8 million ($6.9 million) to two German shipyards to ensure it complies with EU rules on state aids. The probe…

The Viet Nam Shipbuilding Industry Corporation (Vinashin) recently inked 18 contracts with both domestic and foreign partners. The contracts, signed within the framework of the 3rd International Exhibition on Shipbuilding, Marine Technology…

Last November, Bollinger Shipyards did something completely out of character. The shipbuilder backed out of a $700 million contract it had worked for years to land and passed on another worth $150…

A consortium of MOL, Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd. and Shipping Corporation of India (SCI) signed an agreement with New Delhi-based Petronet LNG Limited (PLL) for a long-term time…