STX Group in South Korea has paid $800 million to become the biggest shareholder in Norway's Aker Yards ASA, moving into cruise liners as competition increases with Chinese builders. New stock worth…

Hanjin Heavy Industries & Construction Co., Ltd. (Hanjin) is currently recruiting at least 20,000 Filipino workers for its new shipbuilding and ship repair yard in Subic, Philippines. Hanjin is investing some $2…

South Korea???s shipbuilder STX is ready to launch a project to be realized jointly with Azerbaijan Investment Company (AIC) to construct a shipyard near Baku on the Caspian Sea in Azerbaijan. Anar…

In Finland, the Union of Salaried Employees (TU) began a strike yesterday. The first stage of the strike is affecting seven large enterprises in the mechanical engineering and metal products industry in…

INCAT has fired a warning shot across the bow of Austal Ships as the two Australian shipbuilders enter into a labour-market war. Western Australia-based Austal bought the operations of North-West Bay Ships…

Rosenergoatom, the Russian state concern for electrical and heat energy production in nuclear power plants, is promoting floating nuclear power plants (NPP) for energy supply for Arctic oil- and gas drilling platforms.…

Norwegian offshore vessels operator DOF ASA has awarded the Indian shipbuilder Cochin Shipyard Ltd a newbuilding contract for two platform supply vessels (PSVs). The NOK245m contract ($46 million) covers two PSVs of…

The Tognum subsidiary MTU Friedrichshafen today signed a contract with theDr. Gies group of companies on the complete acquisition of SKL Motor GmbH in Magdeburg. At the contract signing, Tognum CEO Volker…

Flex LNG Ltd. in Norway has ordered a third 90,000 m3 SPB LNG vessel from Samsung Heavy Industries. It is of identical design to the two ordered back in March 2007 and…

Davie Yards in Canada has entered into a Memorandum of Understanding (MoU) with an unspecified Norwegian customer for construction of two 130 metre well intervention vessels. The total contract price for the…