The Newfoundland and Labrador government in Canada has awarded long-awaited contracts to replace two of the vessels in its aging domestic ferry fleet. The $50.5-million contract will be managed by Peter Kiewit…

Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70% of the shares in the…

India?s biggest private power utility, Tata Power Co. Ltd, is talking with shipbuilders in South Korea to construct six 175,000 dwt dry-bulk carriers, which it will use to carry coal from its…

Samsung Heavy Industries had agreed to buy a 10% stake in Brazil's Estaleiro Atlantico Sul shipyard for some $22 million. The purchase is expected to help Samsung Heavy win orders for drill…

The Norwegian shipyard Ulstein Verft AS wants to purchase the ?Nowa? Shipyard in Szczecin, northwest Poland and the company ETA Ascom Star from Dubai, owned by Star Holding, owner of a shipyard…

Speed limits in the world's shipping lanes will be proposed today by Ruth Kelly, the transport secretary, when she announces plans to regulate greenhouse gas emissions. Studies suggest that, although ships use…

Tens of thousands of British shipbuilding jobs have been secured and a further thousand created, after the two main navy warship builders agreed to merge their businesses and create one single national…

Korean shipbuilder Daewoo has won a 697.3 billion won ($669.3 million) order to build a drill ship for an unidentified company in the Oceania region. Delivery is slated for December 2011.

Multi-trade shipping line Safmarine, a subsidiary of the AP Moller-Maersk group, has recently named its second post-Panamax container vessel, the ?Safmarine Komati?, after the Komati river that runs through South Africa, Swaziland…

The European Commission has cleared German car maker Volkswagen?s proposed takeover of Scandinavian commercial vehicles maker Scania, in which VW bought a majority stake in March. Volkswagen took sole control of Scania…