Atlas Copco has acquired the remaining 40% of shares in Wuxi-Hobic Diamond Bit Co Ltd, China, from its current joint venture-partner, after receiving approval from the Chinese authorities.
Seoul (ANTARA News/Asia Pulse) – STX Shipbuilding Co. (KSE:067250), the world’s seventh-largest shipbuilder, said Wednesday it has raised its sales target for the year to US$10 billion from the previous $5.5 billion on increased orders for high-priced ships.
COSCO Corp (Singapore) Ltd said Wednesday it has secured more than half a billion US dollars worth of ship conversion and shipbuilding contracts from international customers. The Singapore-listed firm said its 51-percent owned COSCO Shipyard Group won the contracts totalling US$563 million, but did
On 10th July Statoil signed an agreement giving the company considerable interests in technology company Sway, that has developed promising solutions for floating wind turbines in deep water.
Ship Finance International Limited (NYSE:SFL) (‘Ship Finance’ or the ‘Company’), today announced the agreement to acquire the 2003 built vessel Montemar Europa. This acquisition includes an existing time-charter to a subsidiary of Compania Sud Americana de Vapores (‘CSAV’) of Chile, the largest line
Maersk Line’s brand new 4,000 TEU capacity container vessel Maersk Brooklyn this week became the largest vessel to call at the Baltic Container Terminal (BCT).
Keppel Shipyard Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), secured a S$150 million contract to install equipment packages on a new drillship. The new hull is currently being built in China and is due to arrive at Keppel Shipyard in the third quarter of 2008.
Total announces that the Dolphin Gas Project is now producing natural gas from Qatar and is exporting it to the United Arab Emirates. The partners in the Project, Total, 24.5%, Mubadala Development Company, on behalf of the Government of Abu Dhabi, 51%, and Occidental Petroleum, 24.5%, are grouped t
All submarines and almost all surface ships could be withdrawn from Devonport Naval Base under plans being considered by the government. It is one of three options outlined in Westminster as part of the Ministry of Defence’s (MoD) naval review.
Alexander Marine, the manufacturer of the Ocean Alexander yachts, recently announced the planned launch of a new addition to the motory acht line, the new Ocean Alexander 88’, at the 20th Annual Yacht & Brokerage Show in Miami of 2008. In collaboration with Ed Monk, this new Ocean Alexander 88’ incl
A second 100 footer (30 meter) is sold after only two months from the signature of the Wally 101 , making a total of four sailing yachts currently under construction at WallyEurope yard, ranging from 100 to 148 feet (30-45 meters).
‘If you can find my submarine, it’s yours,’ says Russian oil billionaire Roman Abramovich. That’s all the reclusive owner of the Chelsea Football Club has to say. The ocean floor is the final spending frontier for the world’s richest people. Journeying to see what’s on the bottom aboard a personal s
A federal government contract to build six to eight new Arctic patrol ships could mean 500 or more new jobs for the winning shipyard, the president of the Ship Building Association of Canada says.
A new post-Panamax container ship begins calling at Halifax today, one of nine vessels in the AEX service provided by the Grand Alliance. Orient Overseas Container Line is using the OOCL Oakland on the service, which will make its inaugural call at the Cerescorp-operated Fairview Cove container term
