Month: October 2007

STX Group in South Korea has paid $800 million to become the biggest shareholder in Norway's Aker Yards ASA, moving into cruise liners as competition increases with Chinese builders. New stock worth…

Daewoo Shipbuilding & Marine Engineering said that its Romanian joint venture Daewoo Mangalia Heavy Industries Shipyard won an order for nine 5,550 TEU container ships from a European shipping company. So far…

South Korea???s shipbuilder STX is ready to launch a project to be realized jointly with Azerbaijan Investment Company (AIC) to construct a shipyard near Baku on the Caspian Sea in Azerbaijan. Anar…

INCAT has fired a warning shot across the bow of Austal Ships as the two Australian shipbuilders enter into a labour-market war. Western Australia-based Austal bought the operations of North-West Bay Ships…

Flex LNG Ltd. in Norway has ordered a third 90,000 m3 SPB LNG vessel from Samsung Heavy Industries. It is of identical design to the two ordered back in March 2007 and…

The Tognum subsidiary MTU Friedrichshafen today signed a contract with theDr. Gies group of companies on the complete acquisition of SKL Motor GmbH in Magdeburg. At the contract signing, Tognum CEO Volker…

Norwegian offshore vessels operator DOF ASA has awarded the Indian shipbuilder Cochin Shipyard Ltd a newbuilding contract for two platform supply vessels (PSVs). The NOK245m contract ($46 million) covers two PSVs of…

Rosenergoatom, the Russian state concern for electrical and heat energy production in nuclear power plants, is promoting floating nuclear power plants (NPP) for energy supply for Arctic oil- and gas drilling platforms.…