Month: March 2006

Hyundai Heavy Industries has won an order for four VLCCs at the price of $480 million from a European ship owner. They will be delivered by June 2009.

Babcock International will defend itself with a robust trading statement this week as directors face up to the probability that they could be involved in a fierce take-over battle. Already BAE Systems…

Maersk Supply Service signed a contract for eight new 11,242kW VS 472 anchor handling and supply (AHTS) vessels from AKER Yards AS in Norway. The vessels are of Vik & Sandvik design…

Euronav NV based in Antwerp, Belgium, has signed a contract with Hyundai Heavy Industries to build two double hull 318,000 dwt VLCCs to be delivered in the first quarter of 2009. The…

Garware Offshore Services based in Mumbai, India, plans to acquire two anchor handling towing-cum-supply vessels (AHTSs) and one platform supply vessel (PSV) for an estimated cost of $55 million. This will increase…

Daesun Shipbuilding in South Korea wins an order for four chemical tankers from an Asian ship owner. Total contract price is $139 million for delivery by June 2009.

BAE Systems and VT, the UK defence and civil contracting groups, are considering a joint bid for the Rosyth dockyard owned by Babcock, the support services and shipbuilding group, in a move…

Frontier Drilling USA in Houston has engaged Aker Arctic of Helsinki, Finland, to proceed with the initial design and conceptual development of the modification work for their turret moored drillship ?Frontier Discoverer?.…

Germanischer Lloyd has just published the new "IMO Pilot 2006" with an overview on the current legislation of the IMO is now available. New additions include the requirement to fit water level…

India`s Chambal Fertilizers & Chemicals has placed an order with South Korea`s Hyundai Heavy Industries for two Afamax tankers. One vessel is expected to be delivered in the last quarter of 2008…