Month: May 2008

Daewoo Engineering & Construction Co. has won a 277 billion won ($264 million) order from the Omani government to build a ship repair yard and dry dock complex in southeastern Oman. The…

South Korea's STX Group has agreed to build a $430 million shipyard in Azerbaijan with local partners. STX said in a statement that the group would hold a 25% stake in the…

The chief executive of Excel Maritime Carriers has called into question the financial health of a new shipbuilder, Korea Shipyard Co. Excel bought out Quintana Maritime and in the process took over…

Aker Yards Marine Inc. (AYM) has joined the team assembled by BMT Fleet Technology Limited that has been awarded the definition, engineering, logistics and management support (DELMS) contract for the Canadian Arctic…

Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm…

Norwegian offshore operator DOF ASA has awarded Tebma Shipyards Limited in India a contract for the construction of a new multi-purpose service vessel (MPSV). The NOK250m vessel will be of the design…

Petroleo Brasileiro SA (Petrobras), the state controlled oil producer in Brasil, plans to order 40 drilling ships and platforms worth about $30 billion for delivery by 2017. The deep-water drilling ships and…

The South Korean shipbuilder Hanjin Heavy Industries has started running sea trials for the first-ever ship built at its $1.6 billion Subic shipyard in Indonesia. Hanjin, whose projects in Subic and Misamis…

Brazilian mining giant Vale is set to recast the world?s seaborne iron ore trade, with the confirmation of an order for 14 giant bulk carriers worth as much as $2 billion. The…

The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial…