Month: August 2008

Aker Yards and MSC Cruises have signed a contract, subject to financing, for building a further two cruise ships of 89,000 gt Musica-class. The vessels will be built at Aker Yards, Saint-Nazaire…

Shipping Corporation of India signed a contract with STX shipyard this morning for the construction of four 80,655 dwt Kamsarmax bulk carriers. The vessels, costing $59.55m each, are due for delivery in…

Korea Development Bank (KDB), a top shareholder in Daewoo Shipbuilding, will invite bidders for the world's No.3 shipbuilder next week in a bid to complete a $4 billion sale this year. "A…

Singapore-based Coastline Maritime will invest in a new multipurpose construction vessel which is likely to be constructed at Drydocks World Singapore's shipyard in Batam, Indonesia.Coastline has procured part of the required equipment…

The construction of the world?s first floating nuclear power plant at Sevmash shipyard in Severodvinsk will now be moved to Baltiysky shipyard in St. Petersburg. Officially, the contract with Sevmash is cancelled…

Keppel FELS in Singapore has won the contract to build the seventh ENSCO 8500 series deepwater semisubmersible (semi) worth $560 million including equipment specified by the owner. To be delivered in the…

The Kuwait Oil Tanker Company (KOTC) has signed a letter of intent with Daewoo Engineering & Construction to build four VLCCs for $700 million. The final contract will be signed on 21…

JFE Holdings Inc. and IHI Corp. are in talks to create Japan's biggest shipbuilding company to compete against South Korean and Chinese yards. "We're in discussions with JFE about shipbuilding operations,'' said…

Work has started on the first of two 65,000 gt Oceania class newbuildings of the Florida based upper premium operator Oceania Cruises at Fincantieri's Sestri Ponente Shipyard in Genoa, Italy. During the…

The Friedrichshafen-based Tognum Group continues its expansion trend. The company decided to invest an additional ?75 million in capacity expansion in the production of MTU engines, L?Orange high performance injection systems, as…