Malaysian shipping company EA Technique’s long-term prospects remain robust as it is in the midst of tendering for four to five new contracts in the shipping and oil and gas segments worth close to MYR1bn ($239.5m), local reports said.
Thun Tankers has ordered four specialised coastal tanker newbuildings from a shipyard in the Netherlands.
Hard-hit Norwegian shipbuilders are adopting new business strategies as the offshore meltdown continues.
Marintec South America 2016, the leading maritime event in Latin America, opened on Monday, 19 September, with the presence of state and federal authorities with a focus on future.
Euroseas has cancelled a second ultramax at Dayang Shipbuilding in China and is now headed into arbitration with the shipyard.
A simulation software to allow adaptronic systems to be developed efficiently and help reduce engine vibrations on ships will be on display by Fraunhofer LBF at the SMM 2016 show in Hamburg, Germany.
Two former senior executives of specialised ship and naval vessels builder ST Marine have pleaded guilty to giving bribes and making up false expense claims amounting to millions of dollars, the local media reported.
Odfjell has penned a letter of intent valued at $240m to build four stainless chemical tankers at a state-owned Chinese shipyard, with the final contract expected to be signed in the second half this year.
Dubai Chamber and Dubai Maritime City Authority (DMCA) are looking to promote the local maritime sector’s competitiveness by participating in SMM Hamburg 2016, taking place from 6-9 September.
Nakilat-Keppel Offshore Marine (N-KOM) will provide fabrication services to an exclusive co-operation agreement with McDermott International to pursue offshore projects within Qatari waters.