Cargotec’s MacGREGOR business area providing marine cargo handling solutions has signed a three-year service agreement with Italian Grimaldi Group. According to the agreement MacGREGOR takes full responsibility for the maintenance of selected cargo handling equipment on 26 Grimaldi RoRo ships.
Aker Kvaerner has acquired 50 percent of Phoenix Polymers International Ltd (Phoenix). Phoenix develops and manufactures buoyancy and polyurethane products for the worldwide oil and gas sector and is an important supplier of floatation elements to Aker Kvaerner’s deepwater marine drilling riser proj
Efforts to stabilise and safeguard the fuel oil load of the 225-metre ship stranded off Newcastle are continuing, with authorities saying it is ‘extremely unlikely’ the Pasha Bulker will be refloated on Wednesday.
On Tuesday, 12 June 2007, the naming of the newest vessel, a chemical/product tanker of 16,500 tonnes, took place. The vessel was built at the Jiangnan shipyard for the A.P. Moller – Maersk Group.
Statoil Canada Limited, a wholly-owned subsidiary of Statoil ASA announced today that it has extended its all-cash offer to acquire all shares of North American Oil Sands Corporation (NAOSC) at a price of CAD 20 per share.
Shipping Corporation of India (SCI) will invest about $4 billion in the next five years to acquire 72 vessels as part of its ambitious fleet acquisition plan. ‘We have already placed orders for 12 vessels, which will cost close to $1 billion, and another order, worth $3 billion, for 60 vessels will
ULSAN, South Korea — Two years ago, Hyundai Heavy Industries Co., the world’s largest shipbuilder, had a problem. Business was booming so much that its nine dry docks — the huge bathtub-like structures near ports where ships are normally built — were completely booked for several years. But the comp
The high price yacht industry has blossomed over the last ten years, with multi millionaires and billionaires buying yachts in the tens of millions of Euros price range – and when it comes to some billionaires they seem intent on buying a fleet that would put some small countries navies to shame.
A Philippine passenger ferry with 260 people on board caught fire south of Manila on Sunday, leaving at least five dead, coast guard officials said. A total of 255 survivors were rescued by two passing fishing boats and a coast guard from the MV Catalyn D, which caught fire off Mindoro island, about
Carnival Corp. said Monday it exercised its option to build a 2,100-passenger ship for its luxury Holland America Line brand at a cost of about $567 million, with delivery scheduled for fall 2010.
A multi-million pound regeneration of a Cambridgeshire port has begun. A boat lift, capable of lifting vessels up to 75 tonnes, has been installed at the Port of Wisbech, as part of the Nene Regeneration Scheme.
ISA is proud to announce the sale of the brand new ISA 600, a twin screw displacement motoryacht 60,50 meters long and 12 meters beam, that, in terms of dimension, this is the largest motoryacht ever built by the ISA shipyard in Ancona.
Lévis, June 12, 2007—Davie Québec is delighted to announce that Cecon ASA (pronounced “seacon”) of Norway has confirmed its intention to exercise a shipbuilding option worth US $145.3 million, providing the Lévis shipyard with another major contract—its third in less than four months.
Kockums AB is acquiring the elements of the Swedish Armed Forces’ marine maintenance activities at Muskö naval dockyard that have been offered for sale. The completed negotiations comprise the takeover of Muskö naval dockyard’s marine engineering facilities, initially for three years, with an option
