Month: July 2006

Lehman's New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of the US shipbuilder Atlantic Marine Holding within a few weeks, according to a spokesman for Atlantic Marine.…

The National Transmission Corporation (TransCo) recently signed a memorandum of understanding with Hanjin Heavy Industries & Construction (HHIC) for the direct power connection of Hanjin's shipbuilding facility to be built inside the…

China will need 40 to 50 additional VLCCs over the next five years due to the increase in the country's crude oil imports and exports, an industrial insider said on Thursday. Henrik…

USS Product Carriers LLC, a newly created wholly-owned subsidiary of U.S. Shipping Partners LP, has entered into a contract with the National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics…

Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114 million and…

Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and…

The South Korean shipbuilder STX is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa in Vietnam that should be able to build giant vessels…

Dutch shipowner Anthony Veder has ordered its first LNG tanker. Using a relatively small ship, the Rotterdam-based shipping company wants to provide a regional LNG feeder service from the large import terminals.…

More details have now been received regarding the sale of IZAR. Spain's government has now agreed to sell three shipyards to local shipbuilders as part of the privatization of troubled shipbuilding company…

Mitsui O.S.K. Lines (MOL) has signed an agreement under which M.S. Tanker Shipping Limited, a joint-venture company with Sinotrans, will own a newly built double-hulled Malacca-Max type VLCC. The 310,000 dwt tanker…