Author: Importer

Mumbai-based engineering and construction company Larsen & Toubro (L&T) will set up a major state-of-the-art shipbuilding yard at a cost of Rs1,500 crore. The company has identified three locations ? Chennai in…

Sources in Norway suggest that Havila AS is in the process of acquiring 51% of Kleven Maritime. "Kleven's shareholders have accepted Havila's offer, and Havila wants to merge Kleven with Havila's existing…

The Marine Transport Agency at the Roads and Transport Authority (RTA) in Dubai (UAE) has received a delegation from the Dutch's Damen Shipyards. A number of important issues were discussed during the…

Movie stars Angelina Jolie and Brad Pitt are treating themselves to an Italian luxury yacht fitted with a swimming pool, a heliport and a submarine. The yacht will be built in the…

Hyundai Heavy Industries and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said. Executives at Varun Shipping…

Danaos Corporation has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction. These containerships are expected to be delivered to Danaos from November 2009 through June 2010.…

Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD…

The race for the Rs 2,000-crore ship building yard project at Kandla, India, is hotting up with as many as 14 leading infrastructure companies in contention. These include large Indian companies such…

Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts $866 million for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers…

Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) in Korea for four 43,000 DWT parcel tankers. The aggregate price for the…