General News

L-3 Communications based in New York has signed an agreement to acquire SAM Electronics GmbH (SAM) for $150 million in cash, subject to customary closing conditions and regulatory approvals. SAM is expected…

Norden, Denmark-based shipping company, signed three contracts with China State Ship-building Corporation (CSSC). The contracts will increase Norden's current investment in China to over $100 million. Under the agreement, Norden will commission…

The Ferguson shipyard in Inverclyde has been awarded a multi-million pound contract to build a new ferry for Caledonian MacBrayne. The $10.4 million order was won by the Port Glasgow yard despite…

The christening and launching ceremony of the large cruise ferry ordered by Tallink took place at Aker Yards shipyard in Rauma. The 165 million Euro vessel was named ?Galaxy? and will start…

Hudong Zhonghua Shipbuilding secured a contract for three LNG carriers from two domestic gas tanker operators. The 47,000 cbm newbuildings will be delivered on November 2008, July and October 2009. This latest…

The LoI for a fast passenger/car ferry signed on 21 November by Aker Yards and Viking Line Abp has now been confirmed as a firm contract worth approximately 120 to 130 million…

In the largest ever commercial shipping contract in the world, RasGas (3) signed time charter agreements with JC Nakilat and Teekay Nakilat for $9bn 25-year charter of 12 large Q-Flex sized membrane…

The Product Development Company(TM), and Guangzhou-based CSSC Guangzhou Huangpu Shipbuilding (HS), announced that HS has expanded its use of PTC Shipbuilding Solution, which includes CADDS(R) 5i to improve its overall design capabilities.…

The newbuilding, currently being built by Jaya Shipbuilding and Engineering at their Batam, Indonesia, yard near Singapore, is a 70 m, 5,500 BHP, approximately 70 tonne bollard pull, DP2 anchor handling towing…

The Vyborg Shipbuilding Yard of Russia has won an international tender to design and build six refrigerated fishing vessels for the State Committee of Fishing Industry of Turkmenistan. The document, which was…