Month: February 2006

Jiangdong Shipyard in China clinched eight 12,000DWT multi purpose carriers from two German ship owners with delivery of 2008. Each owner ordered four ships.

Aker Yards has confirmed an optional agreement with Siem Offshore to build two platform supply vessels (PSV). The value of the contract is approximately $40 million and delivery is scheduled for second…

Wärtsilä Corporation has acquired the entire business of Total Automation Ltd, a Singapore-based public marine automation company, and all Total Automation's shares in its subsidiaries at a price of approximately EUR 61.6…

Brazilian engineering company Ultratec will invest $7.8 million to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 FPSO. Federal energy company Petrobras will lease…

Eukor Car Carriers Inc in South Korea placed an order of four PCTCs with Hyundai Samho Heavy Industries. The new 6,500 capacity car carriers will be delivered by second quarter of 2009.

Chennai-based West Asia Maritime Ltd (WAML), which is into dry bulk transportation business, has entered into a $33.5 million agreement with Mitsui of Japan for taking a bulk vessel under bareboat charter…

Transpetro, the transport unit of Brazil's federal energy company Petrobras, has picked four consortia as finalists to build 26 ships at an estimated cost of $1.9 billion. The company is selecting the…

Moran Towing Corp has awarded Manitowoc Marine Group a follow-on contract for the construction of two ocean-class, double-hull, hot oil tank barges. The vessels, which will be built by subsidiary Bay Shipbuilding…

The first step towards initializing the Technological Improvement Program (TIP) aimed at boosting the Brazilian shipbuilding industry was taken with the signing of an agreement worth approximately $14.6 million between the government,…

Italian shipbuilder Fincantieri has won a $48 million contract to build an oceanographic ship for the National Institute of Ocean Technology of Madras, India. The 104 metres long and 18 metres wide…