Month: May 2007

Samsung Heavy Industries has received a $771 million contract to build six container ships from a European company. The vessels will be delivered by July 2010. The value of the order accounts…

Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea wants to produce ship blocks in North Korea according to a Korean report. "If all conditions are met and everyone involved can benefit,…

The Costa Serena, the new flagship of Costa was delivered yesterday by Fincantieri at its Sestri Ponente shipyard in Genoa, Italy. Like her sister ship, the Costa Concordia, which entered service in…

The US Navy has announced plans for a new generation of electrically propelled destroyers and hinted that all of its surface vessels, and possibly its submarines as well, will eventually use electric…

The Indian Defence Minister A.K.Antony has publicly confirmed that the Indian Navy would get a third aircraft carrier by 2017 in addition to the Admiral Gorshkov and the indigenous Air Defence Ship…

The Italian government expects to carry out an initial public listing of shares in the state owned shipbuilding company Fincantieri SpA next spring, said economy undersecretary Massimo Tononi. Tononi and transport ministry…

BAE Systems and VT Group have agreed the terms on which to merge their shipbuilding interests, but an announcement has been delayed by political uncertainties over plans for the Royal Navy's new…

U.S. group Eminence plans to pour $30 billion into building a steel plant and auxiliary establishments in Vietnam's central region according to local newspaper Young People. Eminence will submit its investment plan,…

China has begun an ambitious effort to build a fleet of more than 90 VLCC tankers to improve its control over oil imports, vital to sustaining a booming economy, shipping industry experts…

In a statement provided with the company's Preliminary Results for year ending 31st March 2007, VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company…