Month: May 2008

UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have…

Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry…

Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's…

Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third…

Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a…

The Indian shipping company Mercator Lines has drawn up a Rs 4,000 crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the…

Cybit, the UK's leading online telematics service provider, has announced that its BlueFinger maritime division will launch a new worldwide web-based online vessel tracking service this month. Saffire-Online will for the first…

Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas…

Mumbai-based Varun Shipping Co Ltd plans to invest $300 million to buy at least four new vessels in the offshore segment this year, a top official said at a recent conference.Varun, which…

The economic situation of the Gdynia Shipyard in Poland has taken a turn for the worse and, if there?s no financial support from the state, the shipyard may go bankrupt soon according…