Statoil and Norsk Hydro, both from Norway, have announced plans to merge their offshore operations in a $29.4 billion deal today. This merger will create the world?s largest offshore oil producer responsible…

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…

Mumbai-based ABG Shipyard has secured an order for construction of a vessel at a price of $21.7 million from the Dutch shipping company Vroon Offshore. The 78m diving support vessel will be…

The Port of Marseilles Authority is seeking bids for the use of drydock No. 10 ? one of the world?s largest at 465 x 85 metres ? and the surrounding site of…

Daesun Shipbuilding in South Korea has clinched two chemical tankers from a European ship owner. They will be delivered by November 2009