Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A., has reached agreement with the Kleven Floro yard in Norway for two 43,000 DWT parcel tankers for delivery in late 2007 and early…

The agreement on the purchase of 100% of the shares in Norwegian Maritime Equipment AS (NME) for NOK 12.2 million in cash in addition to shares in Str?mme ASA was signed by…

Smiths Marine Sytems has acquired Fugro?s share in the ChartCo joint venture, such that ChartCo is now totally owned by Smiths. ChartCo was set up in 1998 as an innovative enterprise to…

The European Commission has given Poland permission to grant state aid to shipbuilders in order to improve its competitiveness against South Korean shipyards. Under the so-called 'temporary defence mechanism' which the EU…

Finland's Wartsila and China Shipbuilding Industry Corporation (CSIC) have entered into an agreement recently which will further strengthen cooperation in ship design, and research and development of diesel engine and associated equipment.…

The port of Mundra, on India?s West coast, is likely to be the location of the first new shipbuilding yard in the country for nearly 30 years. The $230 million project is…

With the recent opening of a second ro-ro berth for use by Ferryways at the Ipswich Ferry Terminal, new ships could be on the horizon for Ferryways' service linking Ipswich with Ostend,…

Aker Yards has received a confirmation in the form of a firm contract for building of a third ship in the Freedom class, the world's largest cruise ship, to be delivered in…

Abeille Bourbon is the first of two identical coast protection vessels designed and equipped by Rolls-Royce. These multipurpose vessels are intended to prevent disasters such as the Erika and Prestige pollution incidents…

Industry reports claim that Qatar will spend $15 billion in the next five years to add 70 LNG carriers to its fleet of gas tankers. Qatar, home to the world?s third-largest gas…