Maritime Propulsion Power the maritime industry

Shipbuilding

FPSO Contract for COSCO

COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China. COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard…

Technology

Teekay LNG Partners Orders Two LNG Newbuilds

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m…

Shipbuilding

German Shipyard Sietas Sale Deal in the Balance

Cash-strapped JJ Sietas Group is building a Van Oord liftboat but as a second order is uncomfirmed the yard's future is in doubt. In June 2012 the creditors’ committee voted in favour of an offer by the VeKa Group of the…