Month: October 2008

Wilson Shipowning AS, one of Europe's leading short sea bulk carrier operators, has ordered Wärtsilä propulsion packages for a series of eight 4500 DWT general cargo bulk carriers. The vessels will be…

ABS and the Russian Maritime Register of Shipping (RS) have initiated an extensive joint training program covering survey of Arctic LNG carriers for a team of surveyors drawn from both societies. Classroom…

Conoship International BV, of Groningen, Netherlands, and Algoship Brokers Ltd together with Smart Engineering and Design Solutions Ltd (SEDS), both of Nassau, Bahamas, have agreed a strategic move to promote and support…

Asian shipbuilders face an abrupt downturn in demand that could result in some yards going bankrupt as ship owners cancel or postpone orders, according to bankers and analysts. The problems could be…

Six Bangladeshi business groups will invest over Tk 500 crore($73 million) in a year to establish shipbuilding facilities across the country, sensing high export potential of the industry. The business houses with…

State-run Shipping Corp. of India Ltd (SCI) has asked for bids to buy four VLCCs, which currently cost $160 million each, to meet rising demand for crude in India. SCI currently owns…

South Korea's GS Group has withdrawn its bid to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering together with POSCO, a media official at the conglomerate said. It had earlier…

STX Shipbuilding has received a contract to build two bulk carriers worth 161.6 billion won ($129 million) from an unnamed customer in Asia. The 81,000 DWT vessels will be delivered by December…

Hyundai Heavy Industries has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering according to a Hyundai Heavy source. The source, who has direct knowledge of the matter, declined…

Kittiwake and BP announced yesterday that agreement has been reached and completed for Kittiwake Developments Ltd to purchase BP's majority shareholding in Krystallon Ltd effective immediately.In 2006 BP and Kittiwake formed Krystallon,…