Month: October 2007

South Korea's Hyundai Mipo Dockyard Co Ltd, an affiliate of Hyundai Heavy Industries Co, has secured an order worth $474 million from an unnamed shipowner in Europe. Under the contract, the shipbuilder…

Norway's Aker Yards has won a ??¬245 million ($353 million) contract to build six container ships for the Rostock-based shipowner Reederei F. Laeisz GmbH which operates a fleet of about 50 freighters,…

Canadian defence firms are lining up to bid on a $1 billion contract to upgrade the Royal Canadian Navy's frigates, promising a boost in employment on the West Coast. The Canadian government…

Dubai Drydocks World (DDW) is making a voluntary conditional cash offer to acquire Singapore's Labroy Marine Ltd for S$2.37 billion ($1.63 billion) in a further sign of the booming Gulf emirate's plan…

The Singapore company SembCorp Marine, the world's second-largest builder of offshore oil rigs, is paying SGD 29 million ($19 million) for a stake in an Indian shipyard. The purchase of a 3.31%…

Pakistan expects to earn $60 billion a year from transit trade after completion of the national trade corridor, a couple of shipyards and improvement of the North-South road network.The estimate has been…

Golden Ocean Group Limited in Norway has placed a newbuilding contract for eight 80,000 dwt bulk carriers with Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The contract is valued at about $410 million…

Singapore-based Ezra Holdings Limited continues to build its deepwater service capabilities with the award of a contract for a second large 27,000 bhp (19,840 kW) Multi-Functional Support Vessel (MFSV) to Karmsund Maritime…