Month: December 2006

The Middle East will require 130 floating production systems over the next five years spurring huge growth in regional shipyards and offshore repair facilities, according to a leading industry expert. Addressing the…

James Fisher, the UK?s leading provider of marine services, has acquired the UK-based short sea operator FT Everard for a total cash consideration of approximately £23.7 million and the assumption of £28.0…

Singapore's Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has received a Letter of Award from Saudi Aramco Overseas Company B.V. for the design, construction and delivery of a self-elevating heavy-lift jack-up…

Malaysia?s premier dredging and reclamation contractor Inai Kiara Sdn Bhd will purchase a fleet of seven vessels, including two dredgers, from MSET Shipbuilding Corporation Sdn Bhd, a Terengganu based company. The $28.20…

Hyundai Samho has clinched two VLCCs from a ship owner in Latin America. Total contract price is $259 million and delivery is scheduled for April 2010.

Desperate attempts are being made to save the former transatlantic liner ?France?, ex-Norway, and now renamed ?Blue Lady?, from being dismantled in India where she has been languishing for the last couple…

Merwede Shipyard, a subsidiary of IHC Holland Merwede BV, has received a contract for the design and construction of a new well intervention / diving support / offshore construction vessel for Helix…

UAE-based Nico International has signed a joint venture agreement to build a ship repair yard in Kazakhstan and also has plans to set up a shipbuilding facility in the Central Asian nation.Nico…

The EU has chosen a research consortium coordinated by Wärtsilä to receive a EUR 1.0 million grant to develop the use of methanol-consuming fuel cells to provide electrical power to marine vessels.…

Höegh Autoliners of Norway has entered a long term strategic co-operation with Vietnam Shipbuilding Industry Corporation (Vinashin) including the construction of four large pure car truck carriers (PCTC) with options for four…