Month: August 2008

Tanker owner-operator AET, a wholly owned subsidiary of MISC Berhad in Malaysia, has ordered three 6,600 DWT oil/chemical tankers from Russia?s Okskaya Shipyard using BIMCO?s Newbuildcon standard newbuilding contract. The contract for…

Offshore drilling contractor Pride International Inc said it will spend about $745 million to build another ultra-deepwater drillship to expand its presence in deepwater drilling sector. The drillship will be built by…

The activities of Gisan Shipyard in Tuzla district of Istanbul were suspended after three workers died in an accident. Labour & Social Security Ministry Istanbul Department's Commission decided to suspend the activities…

Hanjin Heavy Industries & Construction, South Korea's seventh-largest shipbuilder, has won a 108 billion won ($99.9 million) order to build a bulk carrier. The deal with an unidentified Asian shipping company calls…

Rolls-Royce has strengthened its relationship with leading Middle East shipbuilder Abu Dhabi Ship Building (ADSB) though a new agreement which will further improve customer service for Kamewa waterjets in the Arabian Gulf…

Wartsila has received all relevant regulatory approvals in Norway for the acquisition of the ship design group Vik-Sandvik. The acquisition has now been closed for Vik-Sandvik?s Norwegian companies Vik-Sandvik AS, Vik-Sandvik Marine…

Todd Shipyards Corp., which provides repair work for US government ships, has won a five-year contract from the US Navy to overhaul and maintain four aircraft carriers in the Puget Sound. The…

POSCO and Hyundai Heavy Industries officially expressed interest in acquiring a majority stake in world No. 3 shipyard Daewoo Shipbuilding & Marine Engineering estimated at up to $8 billion.The successful buyer could…