Russia and France firm up Mistral deal
On December 24, the President of the Russian Federation Dmitry Medvedev, put on his Santa hat and beard, as it were, and called President of the French Republic Nicolas Sarkozy to tell
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DSME sets $11 billion 2011 sales target
Tis the season when Korean shipbuilders announce sales targets, providing as good a measure as any of world shipbuilding industry optimism. Daewoo Shipbuilding and Marine Engineering Co. said Monday that it is
Bergen Group wins construction vessel contract
Norway’s Volstad Maritime has ordered a Skipsteknisk ST-259 CD design offshore construction vessel at Bergen Group Fosen. The order is worth around NOK 725 million and includes an option for a second
Vigor Industrial swoops on Todd Shipyards
Todd Shipyards Corporation (NYSE:TOD) and Vigor Industrial LLC have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share, or approximately $130 million. The
IRISL P&I insurer sanctioned
U.S. Treasury sanctions are making it harder for Islamic Republic of Iran Shipping Lines (IRISL) to get P&I cover. Yesterday, the Treasury designated Moallem Insurance Company under Executive Order 13382, an authority
Keppel FELS books another jack-up rig order
The jack-up ordering spree continues. Singapore’s Keppel FELS Limited has secured its fourth order for a KFELS B Class jack-up within the span of a month. Worth about US$180 million, the order
STX Finland to build LNG-fueled mega ferry
STX Finland Oy and Viking Line ABP have now firmed up an agreement announced in October covering construction of an environmentally friendly, new generation 2,800 passenger cruise ferry for Viking Line. The
Arison upbeat on Carnival Corporation 2011 outlook
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is looking forward to a strong wave season — its heaviest booking period — starting in early January. “Given the recent cold weather and
Incat Crowther utility cat nears delivery
Recently launched by Australian shipbuilder Richardson Devine Marine at its Hobart, Tasmania, shipyard, Strait Shooter is a 28 m Incat Crowther design utility catamaran built for Carpentaria Contracting. The vessel will be
P&I clubs warn of risks posed by Venezuela narco law
The International Group of P&I Clubs says it is concerned by the “indiscriminate and disproportionate application of criminal law in Venezuela in cases where vessels have been targeted by drug smugglers for