Month: October 2006

Mumbai-based Varun Shipping said it will invest $445 million to expand its fleet of tankers, gas carriers and offshore vessels over the next 6-8 months, a senior official said.The company, which has…

Cosco has reported a 26% jump in its third quarter on strong contributions from its ship repair and marine engineering business. For the three months to September, it booked earnings of $46…

The North of England P&I club has warned shipowners of the increasing risk of officers and crews suffering potentially fatal heat illness as global temperatures rise and ships work harder. In the…

A shipyard which came back from the brink of death is celebrating fresh contract success. McNulty Offshore has clinched another lucrative order to help safeguard some of the 850-strong workforce at its…

China's major ocean shipping business, China Shipping Group Company (CSGC), signed a contract to build four VLCCs. The four 308,000 DWT vessels will be built by China State Shipbuilding Corporation (CSSC). CSGC…

The Italian government is considering selling shares in Fincantieri, the country's largest shipbuilder, which may raise about 750 million euros ($951 million) as Prime Minister Romano Prodi divests government assets to cut…

The cranes at the Swan Hunter yard have been sold, ending nearly 150 years of shipbuilding. Owner Jaap Kroese, 67, confirmed the sale, which comes just three months after the world-famous Tyneside…