The Board of Directors of Sembcorp Marine Limited has entered into a sale and purchase agreement with China Ocean Shipping (Group) Company (COSCO) to dispose of its 30% equity interest in Cosco Shipyard Group Co., Ltd (CSG).
In a bid to strengthen its portfolio in the repair and refit activities for yachts, naval and commercial ships, German shipbuilder Lürssen has acquired the Blohm+Voss shipyard in Hamburg for an undisclosed price.
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder has announced its decision to split its non-shipbuilding divisions into independent companies in an effort to improve management efficiency and sharpen its core competitiveness.
Austal has delivered its second high speed crew transfer vessel of 2016, to Swire Pacific Offshore (SPO). The 57.6m all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It is the fourth offshore crew transfer vessel delivered by Austal in the past 15 months.
American Bureau of Shipping (ABS) has confirmed that the ABS-classed Ethane Crystal is the world’s first Very Large Ethane Carrier (VLEC),
Delivered to owner India’s Reliance Industries Ltd. by Samsung Heavy Industries (SHI) of South Korea, the Ethane Crystal is the first of six VLECs to be delivered with ABS Class through 2017.
Rolls-Royce has signed a contract worth about £25 million with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels. The contract between Kleven and Rolls-Royce follows the conversion of a letter of intent into a firm contract signed between Kleven and Hurtigruten.