In a sign with undoubted positive ramifications for the shipbuilding industry, Korea's STX Offshore & Shipbuilding reportedly won $340m in orders to build eight tankers (plus four options) for an unidentified company, Reuters reported
Maersk Line, Ltd, Norfolk, Va., is being awarded an $8,630,000 firm-fixed-price contract for a nine-month time charter of tanker MT Samho Moonstone, currently a foreign-flag vessel,
Northrop Grumman Corporation (NYSE: NOC) has won a contract to upgrade the inertial navigation systems (INS) for the Swedish navy’s submarines. Under the contract,
Major energy group Statoil has appointed GAC to provide hub agency services covering all ports outside of Norway effective from 2010. The contract extends GAC’s