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HHI's SkyBench boxship design gets second AIP from DNV GL

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received the second approval in principle (AIP) from DNV GL for SkyBench, a new design for the maximising of large containerships'...

HHI's SkyBench boxship design gets second AIP from DNV GL

Deals this week: Deltamarin, Caterpillar Marine

Finland’s Rauma Marine Constructions (RMC) shipyard has placed a €3m ($3.37m) contract with AVIC International Maritime Holdings’ subsidiary, Deltamarin, to design a new 158m ro-pax vessel,...

Deals this week: Deltamarin, Caterpillar Marine

Deals this week: Sany Port Machinery, Wärtsilä, Mv Werften

Sany Port Machinery, a subsidiary of Sany Group, has won a $7.5m contract to supply 31 units of mobile port machinery to King Abdul Aziz...

Deals this week: Sany Port Machinery, Wärtsilä, Mv Werften

Deals this week: EMC, KKR Credit, QinetiQ

Global Eagle Entertainment’s business unit Emerging Markets Communications (EMC) has been contracted by Nakilat to provide marine VSAT communication...

Deals this week: EMC, KKR Credit, QinetiQ

Deals this week: Malaysia Marine and Heavy Engineering, SRT Marine Systems, Vard Holdings

Malaysia Marine and Heavy Engineering (MMHE) Eastern Pacific Industrial (EPIC) have signed an agreement to form a joint venture (JV) called MMHE EPIC Marine & Services, which will provide...

Deals this week: Malaysia Marine and Heavy Engineering, SRT Marine Systems, Vard Holdings

Deals this week: General Dynamics Corporation, Inmarsat

General Dynamics Corporation, an American multi-national corporation, will raise $500m by issuing seven-year senior secondary notes in a public offering that is expected to be closed on 12...

Deals this week: General Dynamics Corporation, Inmarsat

M&As this week: MMC, Eutelsat Communications, Vard Holdings

Malaysia’s leading utilities and infrastructure group, MMC will acquire a 49% stake in Penang Port in an all-cash transaction, according to a conditional share sale and purchase agreement...

M&As this week: MMC, Eutelsat Communications, Vard Holdings

Deals this week: N-KOM, Daewoo Shipbuilding & Marine Engineering, Deltamarin

Greek ship management company, Samos Steamship Company, has awarded a contract to Nakilat-Keppel Offshore Marine (N-KOM), a joint venture (JV) between Nakilat and Keppel Offshore & Marine,...

Deals this week: N-KOM, Daewoo Shipbuilding & Marine Engineering, Deltamarin

Deals this week: Hyundai Mipo Dockyard (HMD), Damen

Hyundai Mipo Dockyard (HMD) is to build a 50,000dwt LNG-fuelled bulk carrier vessel in a deal with Ilshin Logistics....

Deals this week: Hyundai Mipo Dockyard (HMD), Damen

M&As this week: CMA CGM, Stolt-Nielsen, Hapag-Lloyd

Singapore’s national shipping company Neptune Orient Lines Limited (NOL) has been acquired by CMA CGM for...

M&As this week: CMA CGM, Stolt-Nielsen, Hapag-Lloyd

Deals this week: Rolls-Royce, Stolt-Nielsen, National Shipping Company of Saudi Arabia (Bahri)

Kleven, a ship building company, has awarded a £25m contract to Rolls-Royce to provide ship design and equipment to Hurtigruten’s new polar cruise...

Deals this week: Rolls-Royce, Stolt-Nielsen, National Shipping Company of Saudi Arabia (Bahri)

CMA CGM completes acquisition of Singaporean firm NOL

CMA CGM has reported that its all-cash voluntary unconditional general offer for Neptune Orient Lines Limited (NOL) has closed, following which it now owns 97.83% of share capital in...

CMA CGM completes acquisition of Singaporean firm NOL

Saudi Arabia plans to build shipbuilding complex

Saudi Arabia plans to build a shipbuilding complex on its eastern coast, a move to support its oil...

Saudi Arabia plans to build shipbuilding complex

Deals this week: Hyundai Heavy Industries (HHI), Singapore’s Keppel Shipyard, Vard Holdings

Hyundai Heavy Industries (HHI) has signed a memorandum of understanding (MoU) with a group of technology developers, aimed at helping smaller information and communications technology...

Deals this week: Hyundai Heavy Industries (HHI), Singapore’s Keppel Shipyard, Vard Holdings

Deals this week: APM Terminals, Fincantieri, Sydney City Marine

APM Terminals (APMT), which currently owns a 60% stake in the Aarhus facility operated by its joint partner Aarhus Service, will now gain complete ownership of the facility by taking over...

Deals this week: APM Terminals, Fincantieri, Sydney City Marine

M&As this week: South Beach Spirits, Wärtsilä

South Beach Spirits (SBES), formerly known as CME Realty, has signed a definitive securities exchange agreement with St Martin Powerboats in order to enhance its portfolio and to gain...

M&As this week: South Beach Spirits, Wärtsilä

Report: Algeria’s construction industry to benefit from investments in transport infrastructure

The construction industry in Algeria is expected to expand in real terms from 2016 to 2020, backed by the government's investments in transport infrastructure, including ship, road, rail...

Report: Algeria’s construction industry to benefit from investments in transport infrastructure

Deals this week: Rosneft, Terex Port Solutions (TPS), Kawasaki Kisen Kaisha (K Line)

The Netherland's Tax and Customs Administration has introduced a new paperless transfer system of containers to reduce the administrative workload and to simplify the exchange of containers...

Deals this week: Rosneft, Terex Port Solutions (TPS), Kawasaki Kisen Kaisha (K Line)

Report: Investments in ship and rail to lead Nigeria’s construction industry growth

The construction industry is Nigeria is projected to grow at a compound annual growth rate of 9.49% from 2016 to 2020, propelled by investments in ship and railways, says a report by...

Report: Investments in ship and rail to lead Nigeria’s construction industry growth

Deals this week: Rolls-Royce, Cooper, BMT Defence Services

Benetti, a yacht maker based in Italy, has awarded a contract to Rolls-Royce to deliver advanced propulsion equipment, including a series of thrusters over the next three...

Deals this week: Rolls-Royce, Cooper, BMT Defence Services

Damen to supply cutter suction dredger to Nicaraguan port authority

Dutch ship-builder Damen has secured a contract from Empresa Portuaria Nacional (EPN), the Nicaraguan port authority and INTUR, the Nicaraguan tourist agency, for the delivery of a CSD350...

Damen to supply cutter suction dredger to Nicaraguan port authority