Dighi Port Ltd (DPL), a Balaji Infra Projects venture, has signed a memorandum of understanding (MoU) with Jan De Nul NV of Belgium for developing the port. The Vijay Kalantri group firm will own, operate, manage, finance and market the port. DPL has signed a 50-year concession agreement with the Ma
The revolutionary EPS
St. Petersburg’s Severnaya Verf shipyard laid the keel Friday of the Stoiky corvette for Russia’s Navy. The Stoiky will be the fourth corvette of the Project 20380 series, after the Steregushchy, the Soobrazitelny and the Boiky, designed by the Almaz Central Marine Design Bureau and built at the shi
St. Petersburg’s Admiralty Shipyards held a ceremony Friday to lay the keel of the Sevastopol, a serially produced multipurpose submarine. Admiralty Shipyards said in October it would begin construction of a fourth-generation diesel-electric submarine in November. ‘The Project-677, or Lada-class die
With India becoming a leading maritime power, the government has embarked upon an ambitious plan to set up two state-of-the-art ship building yards in the country at a cost of Rs 5,000 crores each. These would be greenfield ship building yards with one each in east and west coast. The yards would ha
There have been further clashes at sea between the navy and Tamil Tiger rebels in Sri Lanka, a navy spokesman says. He said the navy had sunk two Tiger boats, killing a number of rebels, off the eastern district of Trincomalee.
U.S. Rep. Gene Taylor will join Homeland Security Secretary Michael Chertoff for the christening of the Coast Guard’s first national security cutter during a Veterans Day ceremony at Northrop Grumman Ship Systems in Pascagoula. The 418-foot Bertholf is the first of eight deepwater cutters the Coast
Korean steel makers are beefing up their portfolios to meet growing demand from both home and abroad. Dongkuk Steel, Korea
Aker Yards has yesterday entered into a contract with Stena Rederi AB in Gothenburg (Sweden) to deliver two innovative Super Ferries. The value of the contract is approximately EUR 400 million. Deliveries are scheduled for the first and third quarter of 2010. The contract includes options for two fu
While encouraging more foreign investment in its shipbuilding industry, China, the world”s third largest shipbuilder, will restrict foreign ownership to 49 per cent, the latest official blueprint for the booming industry, says. “Foreign shipbuilders are allowed to reorganise, acquire or jointly fund
Statoil has awarded a frame contract worth NOK 577 million, including options, to the Mollier AS company. Valid for five years with options of two times two years, the contract covers maintenance and minor modifications at Statoil’s HVAC (heating, ventilation and air conditioning) plants, including
South Korea’s STX Shipbuilding Co. said Friday it has received an order to build two crude oil tankers for 129.1 billion won (US$138.2 million) for a Greece-based company.
Thousands of fish are being introduced into rivers in north-east England that have been brought back to life after years of pollution. The Environment Agency is carrying out the operation in areas of County Durham and Northumberland.
Within three weeks of the launch of exhibitor prospectus, more than 200 companies have applied to exhibit at the 2007 Sanctuary Cove International Boat Show, May 24 to 27. The prestigious Australian boat show is staged by Sanctuary Cove located at the Gold Coast in Queensland. The 19th annual event
