Month: January 2008

Dubai Drydocks is planning to invest $200 million this year for acquisitions and joint ventures to maintain its leading position in the ship-building industry in the Middle East. Last year in July,…

China's Cosco Shipyard Group and Jiangsu Lianyungang Port Co. Ltd. have formed a 60/40 joint venture company called Cosco Lianyungang Shipyard Co., Ltd which will be a subsidiary of Cosco Shipyard Group.…

The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value of the agreement is close to EUR 6 million,…

ABG Shipyard in India is planning to enter the ship repairing business by acquiring the ailing Western India Shipyard in Goa and turning it into a ship repairing yard. "There are no…

Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed…

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard,…

China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from…