Month: August 2008

Aker Yards shipbuilding said last Friday that a $1.3-billion bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results.The group reported…

Malta?s privatisation unit is offering the shipyards on a 30 year lease and the call for expressions of interest does not specifically limit the use of the assets to shiprepair. It does…

The Tognum Group in Germany and the Swiss company Hug Engineering AG have agreed on a joint venture for cooperation in the field of exhaust after treatment. The new company will be…

Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme. This money will finance the existing vessels already on order and the purchase of…

P&O Ferries has signed a ?360m contract with Aker Yards for the two largest ferries ever to be constructed for the Dover-Calais service. The first of these ships will enter service in…

Daewoo Shipbuilding & Marine Engineering in Korea has won $1.46 billion (HK$11.38 billion) contracts from two US customers. DSME received an order to build a semi-submersible drilling rig from an unidentified US…

Dutch towage and salvage specialist Multraship and Hamburg-basedFairplay Towage have joined forces to create a platform for expansion.Under the agreement Fairplay BV, the Dutch arm of the Fairplay group,will take a 50…

Dutch shipping companies Wagenborg Shipping, Flinter Management and Amasus Shipping will investigate the social, legal and technical possibilities of shore support for short sea ships. This will improve ships? safety and stimulate…

The Chamber of Shipping (CoS) hosted a meeting of its members to consider the merits of market-based instruments which could help shipping reduce its carbon emissions. The CoS has endorsed the need…

MISC Bhd in Malaysia has ordered eight new 45,000 dwt chemical/product oil tankers worth a total of $430 million from South Korean shipbuilder SLS Shipbuilding Co Ltd. The first three units will…