Month: June 2008

Enel SpA is in talks with Norway's Hoegh LNG to jointly develop a floating liquefied natural gas (LNG) ship, a Hoegh spokesman said. "I can confirm Enel is one of the parties…

STX Shipbuilding has won an order worth 109 billion won ($105 million) from a European company to build two oil tankers. The two tankers will be delivered by Dec. 31, 2010.

The European Commission has refused to extend the deadline for the privatisation and restructuring plan for three Polish shipyards. EC Spokesman Jonathan Todd confirmed that today marks the deadline for Poland to…

Hyundai Heavy Industries and two other South Korean shipyards said that they have received orders valued at a combined 2.4 trillion won ($2.32 billion) to build 17 ships. Hyundai won an order…

Thousands of ships plying the world?s oceans are effectively without nationality, enabling their owners to easily evade international laws and regulations says a new report from WWF, the conservation organisation and the…

In a major diversification drive, Jindal Saw (JSL), part of the $10-billion OP Jindal Group in India plans to set up the country?s first shipbuilding and repair hub in Gujarat with an…

Daewoo Shipbuilding and Marine Engineering (DSME) has unveiled an energy-saving device that it says will help lower vessels? operational costs with improved speed and reduced fuel consumption. The ?Pre-swirl Stator? was first…

Aker Yards and the Russian company FLC expects to complete the transaction in which FLC buys 70 % ownership in three yards in Ukraine and Germany in July 2008. The agreement was…

As Saudi Arabia announced a 200,000 barrel increase in oil production and consumers grapple with record pump prices and fuel shortages, the shipping industry consumes daily 4.37 million barrels of oil unnecessarily,…

Shares in Aker Yards ASA jumped 15 % in opening trade, leading up a stronger overall market, after South Korea's STX Corporation announced that it is to launch a bid for the…