Larsen & Toubro Ltd (L&T), India's largest engineering and construction conglomerate with additional interests in electricals, has forayed into the shipbuilding business by securing a $98 million contract from the Netherlands-based Zadeko…

Korea Line in South Korea placed an order for two 49,900DWT product carriers with unknown shipbuilder for delivery during first half of 2008 at a cost of approximately $90 million.

The employees of Gdansk shipyard have submitted an offer to buy the company. The second potential buyer is the consortium of state-owned entities comprising of Energa power distributor and the Agency for…

The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine…

Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is…

BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring…

With the global shipbuilding sector experiencing an unprecedented boom, the Central government in India has decided to build two world-class shipbuilding yards, one on the west coast and the other on the…

Samsung Heavy Industries in South Korea has clinched an order from Ferncliff Drilling AS in Norway for the world?s largest drill ship costing $550 million. The 300,000DWT drill ship is 228m long…

Donbas, a Ukrainian steel producer, is considering investing in the Polish shipyard of Stocznia Gdynia (SG). Their proposition is expected next week and SG needs $96 million in capital. Donbas has long…

One of the world?s largest and strongest classification and certification company, Bureau Veritas, grew strongly again during 2005. In its tenth consecutive year of growth, BV increased turnover to Euro 1,647m (US$…