Freddie splashes out at Samsung

Two companies controlled by John Fredriksen are splashing out with newbuilding orders at Korean shipbuilder Samsung Heavy Industries Co. Ltd. Golar LNG Limited has entered into firm contracts with Samsung for a

Austal reports loss-making half year

Low activity levels at its Henderson, Western Australia, shipyard pushed Austal Limited into a first half operating loss of Australian $ 6.3 million. That compared with a A$19.4 million profit for the

DSME operates floating hotel in Oman

A ship built as a Swedish America Line transatlantic liner has become a luxury floating hotel. Now the Veronica Duqm, the ship is owned and operated by DSME (Daewoo Shipbuilding & Marine