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Fincantieri’s shipyard in Sestri Ponente (Genova) launched the second of two fleet tankers ordered by the Indian Navy, with delivery scheduled by the end of the next year. Present at the ceremony were Debabrata Saha…
STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately…
Shipbuilding companies ABG Shipyard Ltd and Bharati Shipyard Ltd missed Street estimates for the June quarter. ABG's net profit fell by 20% from the year-ago period to '38.41 crore, while that of Bharati fell 41% to…
According to an August 19 report from www.dailypress.com, AREVA Newport News has delayed the start of manufacturing operations by at least a year due to a slower-than-expected process of federal government approval of…
Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2. Maersk Tankers is already in a partnership with Maersk…
