Month: October 2009

Vietnamese state-owned shipbuilder Vinashin is reportedly having trouble delivering projects on schedule as the builder continues to run up huge debts. One of the builder?s subsidiaries, Nam Trieu Shipbuilding (Nasico), is complaining…

Ocean Hotels in Norway has signed a $100 million loan agreement with Export Development Canada which will allow Ocean Hotels to draw up to the total amount in construction financing prior to…

Shipbuilder Abu Dhabi MAR Group plans to form a joint venture with Germany's ThyssenKrupp AG to design and build naval frigates and offshore patrol vessels.MAR Group said the two companies signed a…

Washington State Ferries (WSF) has signed a contract with Todd Shipyards to build two 64-car ferries at a total cost of $114 million. The decision comes after the Seattle shipbuilder submitted the…

The Finnish engine manufacturer, Wärtsilä, has strengthened its presence within the Brazilian maritime industry by incorporating Wärtsilä Ship Design into Wärtsilä's Brazilian operations. A full range of local engineering services will now…

Kongsberg Maritime announced that its Polaris Dynamic Positioning simulator is the first to achieve DNV approval to the stringent Class A standard. The company has also achieved DNV approval to Class A…

A Middle East oil tanker operator has ordered the first container ship order anywhere in the world since October 2008. The state-owned Abu Dhabi National Tanker Company has placed an order for…

Russia's United Shipbuilding Corporation and Chinese shipbuilder Yantai Raffles have signed a joint venture agreement to build a large shipyard in Vladivostok, on Russia's Pacific coast, at a cost of $200m. Yantai…