Month: October 2007

The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each…

Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which…

Croatia's next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union, the country's top EU negotiator said. With 11,000 jobs at…

Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in…

Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010,…

Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of…

Mumbai-based Garware Offshore Services Ltd plans to enter the shipbuilding business by setting up an exclusive facility for constructing offshore support vessels. This shipbuilding yard will be a joint venture with Norway-based…

The Cala Corp in the USA has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on 11 November. The company is confident that the $100…

India's ABG Shipyard has received an order worth $360 million from a German company to build six 35,000 DWT handy size bulk carriers The order was placed by the Hamburg-based Bereederungsgesellschaft H…

A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial…