Author: Importer

The Middle East will require 130 floating production systems over the next five years spurring huge growth in regional shipyards and offshore repair facilities, according to a leading industry expert. Addressing the…

The European Commission has approved under EC Treaty state aid rules regional investment aid of ?4.2 million to the German shipyard Volkswerft Stralsund. After an in-depth investigation initiated in February 2006, the…

Tsakos Shipping and Trading SA, a subsidiary of Athens-based Tsakos Group, has reportedly said that it has ordered six ships from Sino Pacific Heavy Industries Group's Zhejiang Shipyard for about $210 million.…

Wärtsilä Corporation has signed an agreement to acquire the German ship design company group Schiffko which is privately-owned and has annual net sales totalling approximately EUR 4 million and some 25 employees.…

James Fisher, the UK?s leading provider of marine services, has acquired the UK-based short sea operator FT Everard for a total cash consideration of approximately £23.7 million and the assumption of £28.0…

Malaysia?s premier dredging and reclamation contractor Inai Kiara Sdn Bhd will purchase a fleet of seven vessels, including two dredgers, from MSET Shipbuilding Corporation Sdn Bhd, a Terengganu based company. The $28.20…

Singapore's Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has received a Letter of Award from Saudi Aramco Overseas Company B.V. for the design, construction and delivery of a self-elevating heavy-lift jack-up…

Hyundai Samho has clinched two VLCCs from a ship owner in Latin America. Total contract price is $259 million and delivery is scheduled for April 2010.

Desperate attempts are being made to save the former transatlantic liner ?France?, ex-Norway, and now renamed ?Blue Lady?, from being dismantled in India where she has been languishing for the last couple…