Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has signed an agreement to acquire Aalborg Industries Holding A/S for a total cash consideration of SEK 5.0 billion, on an enterprise value basis, from Altor 2003 Fund, LD Equity and the Company’s management.
In an article by Bloomberg Mr Peter Evenes has mentioned that “The biggest new thing in the LNG area is floating storage regas units”.
Wärtsilä, the marine industry’s leading solutions provider, has strengthened its position as the global leader in supplying design and propulsion solutions for Liquefied Natural Gas (LNG) Platform Supply Vessels (PSVs) with yet another important order.
Royal Caribbean now says 105 passengers were injured when its Brilliance of the Seas rolled in rough seas near Alexandria, Egypt earlier this week. That’s substantially more than the 30 injuries previously reported by the cruise line.
Ulstein Verft is contracted to build two medium-sized platform supply vessels of Ulstein´s PX121 design for a newly established company in Ulstein Group. The vessels will be delivered in Q1 and Q3 2012.
Wilhelmsen Ships Service continues to extend its worldwide network coverage by expanding its presence in Turkey. The company has just opened a new office in Aliaga-Izmir, which is the fifth the company has opened in Turkey.
Marine contractor Van Oord has commissioned the construction of a second self-propelled cutter suction dredger to IHC Merwede.
Chinese banks, avoiding dollar-denominated loans as the yuan appreciates, are scaling back funding to shipyards and vessel owners two years after the government told them to boost their commitment to the industry, Bloomberg reports.
Hyundai Heavy Industries Co., the world’s leading shipbuilder, said Tuesday that it has won a US$1.45 billion deal to build 10 container vessels. Under the deal with Hapag-Lloyd of Germany, the South Korean company will deliver the 13,100-TEU vessels starting from July 2012, the company said. TEU stands for 20-foot equivalent unit. With the deal,…
The company has a wide area of coverage within Sweden providing product deliveries in Gothenburg and other west coast ports, ports in southern Sweden, including Helsingborg and Malmö, as well as an offshore bunkering service for customers who want to maximise efficiencies and save on costs associated with bunkering in ports.
The joint-venture company Arctech Helsinki Shipyard Oy formed last week, 50/50 owned by STX Finland and United Shipbuilding Corporation, has received an order for two new Multifunctional Icebreaking Supply Vessels (MIBSV) from its Russian customer Sovcomflot. The value of the order is USD200 million and the project will start immediately.
On 14 December 2010, OOCL entered into a Shipbuilding Contract with Hudong for the construction of two 8,888 TEU vessels.