Month: March 2007

Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a…

BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to…

The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing…

Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said.Marina Administrator Vicente Suazo said he…

The Chairman of state-owned National Iranian Tanker Company (NITC), a subsidiary of the National Iranian Oil Company, said that the company is planning to buy seven VLCCs to its current fleet of…

Russia?s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg.The decision to create a…

STX Shipbuilding in South Korea has secured orders valued at $290 million. The shipbuilder won two 74,000DWT product carriers from Formosa Plastic with delivery of second half of 2009. Ship particulars are…

Even though the Turkish ship industry has increased the number of its shipyards by 62%, it transferred 7.5 million DWT of orders to the Far East as all sites are full until…

The Brisbane shipbuilder behind the original CityCats is constructing six ferries to operate on the Thames after striking a deal worth more than $20 million. The 38m catamaran ferries, being built by…

In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire…