Kvaerner Masa-Yards (KMY), has signed a conditional contract with FS Ocean Club, managed by Ocean Development Group, to design, construct and deliver an approximately 42,500GT luxury residential ship to be branded, managed…

Iridium Satellite LLC announced that the Federal Communications Commission (FCC) has expanded Iridium?s spectrum with access to an additional 3.1 MHz to meet the increasing demand for Iridium?s satellite voice and data…

Daewoo Shipbuilding has recently secured orders for 11 newbuildings worth $1.1 billion. The orders include four 148,300 cbm LNG carriers from Bergesen ASA and a 145,700 cbm LNG carrier from Marangas. The…

Sonatrach (Algerian state-owned hydrocarbon company), Hyproc (shipping company wholly owned by Sonatrach), ITOCHU and MOL have agreed to establish a joint venture company (shareholding ratio 25% each) to construct a 75,500 cub…

The Power Conversion Business of Alstom has just been awarded a multi-million dollar contract by the Italian shipbuilder Fincantieri to supply electric power and propulsion equipment for the next Costa Crociere (Carnival…

A workshop concerning ship safety will be held on 15-16 June in Gothenburg, to discuss the DESSO project (Design for Survival Onboard) which was started in December 2003. This was established as…

Kongsberg Maritime is launching a sophisticated new water ingress detection system. specifically for bulk carriers. The system utilises the new patented GL-10 water detection sensors, which have been designed by Kongsberg to…

Daewoo Shipbuilding has just installed an extra-large CNC lathe at its machine fabrication shop to carry out final machining of 100-ton size shafts. The new lathe was designed to be controlled automatically…

Tsakos Energy Navigation (TEN) has signed a contract for the construction of a Liquefied Natural Gas (LNG) carrier. The 150,000 cubic meter capacity vessel will be built by Hyundai Heavy Industries in…