BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to head the new company.
Korean shipbuilders are continuing brisk business this year despite analysts’ earlier predictions that the global shipbuilding market would suffer cuts in demand. Unlike the gloomy outlook in the industry, domestic shipbuilding companies are enjoying steady sales as international shipping firms have
Aker Kvaerner and IBM (NYSE:IBM) have established an alliance for Condition Based Maintenance of oil and gas plants in Norway. Condition based maintenance reduces plant downtime for ongoing maintenance to the minimum by means of a heightened monitoring system.
A.A. Turki Corporation (ATCO) has recently taken delivery of a new pilot boat named ‘PILOT-13’ from Damen Shipyards Gorinchem. The pilot boat is of the new Damen Stan Tender 1504 design.
Royal Boskalis Westminster nv achieved a net profit of € 116.6 million in 2006, which is 86% more than in 2005. Last year was closed with a 17% higher record turnover of € 1,354 million. Boskalis continued its selective contracting policy and benefited from market growth in the more traditional mark
British and Dutch submarines have been cleared by French court officials of any involvement in the sinking of a French trawler off the Cornish coast. The Bugaled Breizh sank off the Lizard in January 2004. Its five crew died.
Cargotec’s MacGREGOR business area providing marine cargo handling solutions has signed an agreement to acquire Hydramarine AS. Hydramarine is based in Norway and is the leading company in high-end area of offshore and sub sea load handling systems for the offshore vessel industry. Cargotec will acq
To reply to the booming and ever increasing demand for dredging services worldwide, Jan De Nul Group has secured the purchase and early delivery of two mega backhoe dredges at the De Donge Shipyard, the Netherlands.
On Wednesday 28/02 Jan De Nul has started the excavation works of the Cove Canal project in Dubai. Following a 3 month tender period in which 4 parties participated, this project was finally awarded by client Nakheel to Jan De Nul on 14/02/07 for a total amount of 70 million Euro.
A fleet of near fifty of Sydney’s oldest and most beautiful classic yachts will pay their tribute to the Sydney Harbour Bridge on Sunday when they compete in a special Bridge 75th Anniversary Regatta on the Harbour.
The Vietnam Shipbuilding Industry Group (Vinashin) enters 2007 with a number of contracts worth billions of US dollars to build ships for domestic customers, including three 105,000-tonne oil tankers for the Vietnam Oil and Gas Transport Joint Stock Company. This marks a new and important developmen
Regarded as melting pots for the world’s best sailors, one-design boats guarantee exciting racing with close-fought manoeuvres and tight finishes. The fourth edition of the Rolex Baltic Week will draw together the elite of two internationally renowned one-design classes – the Farr 40 and the Melges
China’s shipbuilding industry may come close to matching world leader Republic of Korea (ROK)in terms of compensated gross tonnage (CGT) in 2007 and take a 30-35 percent share of the global market, according to the China Securities Journal.
Capt. Wei Jiafu, President and CEO of COSCO Group met with Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum and his delegation at the Ocean Plaza.
