Author: Importer

South Korea's STX Group has agreed to build a $430 million shipyard in Azerbaijan with local partners. STX said in a statement that the group would hold a 25% stake in the…

Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm…

The chief executive of Excel Maritime Carriers has called into question the financial health of a new shipbuilder, Korea Shipyard Co. Excel bought out Quintana Maritime and in the process took over…

Norwegian offshore operator DOF ASA has awarded Tebma Shipyards Limited in India a contract for the construction of a new multi-purpose service vessel (MPSV). The NOK250m vessel will be of the design…

Petroleo Brasileiro SA (Petrobras), the state controlled oil producer in Brasil, plans to order 40 drilling ships and platforms worth about $30 billion for delivery by 2017. The deep-water drilling ships and…

An important step forward has been taken by two major players in the marine, oil and gas industries which will provide enhanced competitive and flexible solutions to the offshore industry. Building upon…

The South Korean shipbuilder Hanjin Heavy Industries has started running sea trials for the first-ever ship built at its $1.6 billion Subic shipyard in Indonesia. Hanjin, whose projects in Subic and Misamis…

Daewoo Shipbuilding & Marine Engineering Co. has recently won a 1.44 trillion won ($1.37 billion) deal to build two drill ships. The deal from an American customer calls for the Korean shipbuilder…

Davie Yards Inc. in Canada said that the former Davie Shipbuilding complex it took over in Lévis early last year now boasts a complement of 900 and the workforce will rise further…

The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard…