STX Shipbuilding Corporation and Russia’s United Shipbuilding Corporation (USC) have signed recently a memorandum of cooperation which includes the building of a new shipyard in Kronstadt (St. Petersburg).

Daewoo Shipbuilding & Marine Engineering (DSME) has won a 310 billion won ($262 million) order to build a ropax ferry for Tunisian state-owned ferry operator COTUNAV (Compagnie Tunisienne de Navigation) for delivery…

The grand opening of the Castrol China Technology Centre recently took place in Shanghai’s Pudong Jinqiao Science Park, marking an important step in the development of Castrol’s global technology strategy.

The Korea Trade-Investment Promotion Agency (Kotra) yesterday signed a memorandum of understanding with Brazil’s Transpetro, the largest shipbuilder in Latin America, to forge cooperation in the shipbuilding sector.

BAE Systems in the USA will modernise 11 Arleigh Burke (DDG 51) class guided missile destroyers under a contract with the U.S. Navy with a potential value of $365 million.