Month: May 2006

BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring…

Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is…

The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine…

The employees of Gdansk shipyard have submitted an offer to buy the company. The second potential buyer is the consortium of state-owned entities comprising of Energa power distributor and the Agency for…

Korea Line in South Korea placed an order for two 49,900DWT product carriers with unknown shipbuilder for delivery during first half of 2008 at a cost of approximately $90 million.