General News

Bureau Veritas has issued a bullish statement after its failed attempt to acquire Germanischer Lloyd. The shareholders of GL decided to accept the offer made by Gunther Herz in preference to the…

NMB, Bulgaria's national maritime fleet, will take out a $70 million loan from HSH Nordbank AG for the purchase of 3 new vessels, said executive director Hristo Donev. The company is trying…

Gdynia Shipyard in Poland has received $178 million in public aid, most of which will be used to cover the shipbuilders debts. The company will be privatized by the end of 2008.…

Russia will account for two percent of the world's shipbuilding market by 2020, Deputy Industry and Energy Minister Andrei Reus told a governmental commission meeting that he expects the domestic shipbuilding industry's…

Engineering group Babcock International has held talks about taking over the consortium that runs the UK's Devonport naval base. Babcock, which runs the Rosyth naval dockyard and the Faslane submarine base, has…

Dubai-based ETA-Ascon Group is studying the possibility of developing a ship repair facility that will serve its growing fleet of bulk carriers. "We are looking at starting with a build, operate and…

Vietnamese shipbuilding giant Vinashin has agreed to make major investments in the central Thua Thien Hue province, building terminal, shipyard and tourism complex.Under a deal signed last Friday, the local government gave…

The Australian Marine Complex (AMC) in Henderson, Western Australia is set to receive a $136 million infrastructure boost from the state government. A new floating dock will be constructed with the funds…

Chemring Group PLC announces that it has agreed a conditional sale of its McMurdo electronics business to Signature Industries Limited, manufacturers of the SARBE Emergency Location Beacons. McMurdo manufactures and supplies emergency…

The Hamburg-based TUI, Europe's leading travel and tourism group, has plans to strengthen its activities in this area. The company is currently active in the top end of the cruise holiday market…