Month: October 2008

Marco Polo Marine Ltd in Singapore has, via its wholly-owned subsidiary Bina Marine Pte Ltd, secured a S$74.5 million contract to build an 80m DP2 subsea operations vessel for Hallin Marine Subsea…

Orders for new container ships have dried up as vessel charter rates and ocean freight rates tumble and volume growth slows on key liner trade routes. Enquiries to shipbuilders about new tonnage…

The government in India is planning to revive the subsidy scheme in shipbuilding, discontinued since August 2007. "A cabinet note on the extension of subsidy for the shipbuilding industry will be circulated…

Exxon Mobil Corp., operator of a planned $11 billion LNG project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply…

ExxonMobil has entered into an agreement with Pratt & Whitney Rocketdyne to develop next-generation technology to convert coal, coke or biomass to synthesis gas (i.e., CO and hydrogen), which could facilitate the…

Sealink International Bhd, a shipbuilder and operator of offshore support vessels based in Miri, Malaysia, will expand its shipyard for ship repair services in view of the lack of such services in…

BNP Paribas SA said newbuilding orders will slow amid a global credit crunch and economic slowdown. The liquidity crunch is making it difficult for shipowners to borrow money and slowing economic growth…

Wärtsilä Corporation has inaugurated a new extension to its service centre in Chesapeake, Virginia, USA. The building provides increased capacity for propeller repairs and water jet assembly, while creating a service centre…

Deltamarin in Finland recently launched its one-stop Contracting Services. This life-cycle service was launched at the request of its customers and to meet the growing market needs and combines high-quality engineering with…

MacGregor has merged its RoRo, Dry Cargo and Crane divisions and the self-unloaders part of the Bulk Handling division to form a new Merchant Ship division, which will benefit its two biggest…