Month: August 2007

Last Friday MODEC, BHP Billiton, and the Jurong Shipyard celebrated the naming ceremony of the FPSO Stybarrow Venture MV16. MODEC is the vessel owner and operator, BHP Billiton holds the long term…

Stolt-Nielsen S.A. (SNSA), the Norwegian shipping company, has signed an agreement with Xinshun Shipyard in China for the purchase of up to six 5,900 DWT bitumen tanker newbuildings due for delivery from…

Sergey Pugachev's United Industrial Corp. has found an investor to pay for the liquidation of one of Russia's largest shipbuilding companies, the Baltic Yard. Vneshtorgbank (VTB) will provide the corporation with $550…

Chinese shipbuilder Sinopacific Shipbuilding Group is planning to raise about $660 million in a public listing in the domestic A-share market in June 2008. China's CITIC Bank will underwrite the Sinopacific listing…

Former leader of Poland's Solidarity trade union Lech Walesa has condemned an attempt by the EU to close most of the Gdansk shipyard. "The European Union should help us to bring efficiency…

South Korea?s Posco Group, the world?s third-largest steel manufacturer, will build a hot-rolled steel plant at a cost of $4.5 billion in central Vietnam?s Khanh Hoa province. The factory, to be erected…

State-owned Shipping Corporation of India (SCI) unveiled an ambitious plan to add 60 million tonnes of vessel capacity in the Eleventh Plan with an investment of $ 3 billion, to meet the…

STX Shipbuilding has won a $1.43 billion order from a Greek shipping company to build nine post-Panamax container ships. The deal calls for the South Korean shipyard to deliver the 12,400 TEU…

Hyundai Heavy Industries plans to build its 10th dry dock in Korea to meet rising orders. The construction of the dry dock, 640 metres long and 92 metres wide, will be completed…