Atlas Copco has completed the acquisition of the business of GreenField, based in Switzerland. The company is engaged in high pressure gas applications, mainly compressed natural gas (CNG) for natural gas vehicles. The turnover of GreenField is approximately MSEK 270 (MEUR 30) and it has around 200
SFL – Acquisition of three newbuilding seismic vessels and 12 year charters to SCAN Geophysical ASA. Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it has agreed to acquire three new building seismic vessels from SCAN Geophysical ASA (“SCAN” or
The crew of a Panamanian-registered ship are refusing to sail from Belfast in a row over pay and conditions, a union has said. Among the complaints of the Filipino crew of the Naxos are claims that the ship leaks in heavy seas.
BRUSSELS, Belgium: France’s two main warship makers, DCN and Thales SA, won EU approval Tuesday to combine their shipbuilding businesses, boosting the prospect of wider consolidation in Europe’s fragmented naval sector.
As previously reported in July 2006, Frontline Ltd. (‘Frontline’ or the ‘Company’) has been granted 2 + 2 options for 156,000 dwt Suezmax newbuilding contracts at Jiangsu Rongsheng Heavy Industries Group Co. Ltd. in China. The Company has now exercised two of these options. The vessels will be deliv
Scotlands’s proud heritage of shipbuilding threatened bu independence SNP would destroy yards, say Labour. Political row over the future of shipbuilding on the upper Clyde erupted yesterday.
Risk manager for the oil and gas sector, Det Norske Veritas (DNV), has won more than half of all new shipbuilding contracts for owners in the Middle East and India. The company will undertake 90 new-build projects in total, all of which are scheduled for delivery over the next two years.
Russia’s President Vladimir Putin will sign a decree to set up a United Shipbuilding Corporation, which will be headed by Alexander Burutin, presidential aide for the defense sector. The United Shipbuilding Corporation is a government-sponsored project to combine all state financial assets in the sh
Support services and shipbuilding company VT Group has extended its footprint in military training following the announcement by joint venture Flagship Training that it has enhanced its contract with the Royal Navy (RN) in an agreement worth an additional £120 million over the next five years.
A new cruise ship built for sightseeing tours on the Danshui River will be delivered to its owner in a launch ceremony at the Kaohsiung Harbor tomorrow. The 500-ton Queen of the Great River, built by San Yang Shipbuilding Co. and carrying a price tag of NT$150 million, will be turned over to the Gre
Companies like Azimut and Majesty Yachts had global launches of new yachts in Dubai, while others like Sunseeker, Pacer, Donzi, Jeanneau and Nordic Star had ‘Middle East’ debuts at the show. Clearly, these companies are jockeying for position in what many expect to be a fast-growing market.
In the fiercely competitive cruise ship industry, there is no such thing as resting on your laurels. The same holds true for Port Canaveral, which has become one of the top cruise ship ports in world but is looking out to sea for new ways to grow.
The 52m sloop Kokomo and 41m motoryacht Como have both been selected as finalists for the Boat International 2007 World Superyacht Awards. The prestigious awards ceremony will be held at a Gala Evening in the palatial surroundings of the Fondazione Cini in Venice on the 27th April 2007.
Transas Marine (UK) Ltd is pleased to announce that Red Funnel – one of the UK’s leading ferry – operators has recently entered in to an agreement to upgrade all their Transas Navi-Sailor 2500 systems to the latest Navi-Sailor 3000-I ECDIS. Red Funnel has been a Transas customer for nearly 8 years a
