Month: January 2008

South Korea's STX Group plans to set up a manufacturing base in Vietnam, investing $150 million by 2015, to expand its offshore plant business. STX Group's three subsidiaries, STX Corp , STX…

Mumbai-based Varun Shipping Co Ltd plans to spend $400 million during 2008 to expand its fleet, with focus on the offshore sector as well as tankers and gas carriers, according to a…

COSCO Shipyard Group has received newbuilding contracts worth $422million. One contract for $172 million is to build two shuttle tankers which are slated for delivery in 2010 and 2011. The Chinese shipbuilder…

Gibraltar ship repairer Cammell Laird (Gibraltar) Ltd, which in December 2005 announced a £20 million investment in its repair yard to expand its super yacht activities, has totally changed its strategy. A…

Neste Oil in welcomes the transport biofuels targets and the strict environmental sustainability criteria for biofuels proposed by the European Commission. The Finnish oil company agrees that no feedstocks should be permitted…

VOSTA LMG in The Netherlands has been awarded a contract for the delivery of a complete engineering and component package for three hopper barges for Van Oord.The order consists of the design…

Siem Offshore Inc in Norway has, through its 51% owned subsidiary Siem Meling Offshore DA, entered into an agreement to acquire a shipbuilding contract for a large-size PSV vessel. The contract price…

American Commercial Lines (ACL), an integrated marine transportation and services company, has entered into a six-year, $100 million, multi-vessel contract with a major customer, to build both liquid and dry cargo barges.…

COSCO has signed an agreement with the Jiangsu Qidong municipal government to expand its rig-building capacity. The new yard will be located at the entrance of the Yangtze River and will cover…

British company BAE Systems has struck a $775 million takeover deal with one of Australia's biggest defence firms, Tenix Defence. The deal, which would make BAE the largest supplier to the Australian…