Avanzamento Engineering?s (AESB) new shipyard in Manjung, Perak, Malaysia, will start operating in July 2006. About $13.2 million has been invested in the shipyard, which will employ 50 to 60 people and…

The Indonesian state-owned oil company PT Pertamina plans to acquire 32 oil tankers totaling more than 800,000 DWT for domestic oil shipments. The company`s president director, Widya Purnama, said the procurement was…

Austal Ships has secured a newbuilding contract for two 88 metre high speed vehicle-passenger catamarans from the Istanbul Metropolitan Municipality. This follows the submission of a fully compliant proposal with the lowest…

Turbomeca, the French-based player in manufacturing aero, land and marine turbines, is opening its industrial operations in Bangalore, India, though its 100% subsidiary Turbomeca Turbochargers Industrial India (TTII).The subsidiary will initially focus…

A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city's shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co…

Thales and naval construction group DCN have agreed a tie-up, which will see Thales take a 25% holding in DCN. The source confirmed a report that appeared in French financial daily Tribune…

Hudong Heavy Machinery in China aims to increase its engine product capacity by almost four times. The engine maker has set a target of producing 1.4 million bhp in 2006, 2.5 million…

KCI Konecranes in Finland has received an order for a Goliath gantry crane from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The new 900-ton crane will be delivered to the DSME…

As part of its ambitious expansion plans, national flag carrier Shipping Corporation of India (SCI) is all set to acquire 14 ships at a total cost of $563 million."The proposal of acquiring…

US naval designer Gibbs & Cox will set up an Adelaide headquarters, helping to create more than 100 jobs.The Virginia-based firm will set up corporate headquarters near Outer Harbor-based ASC, which, in…