According to an April 17 report from Reuters, China's Yangzijiang Shipbuilding (YAZG.SI) and a Middle Eastern investor will buy an indirect stake in Singapore-based oil-rig maker PPL Shipyard in a $113m deal.
L&T Construction has won new orders worth `1471 crores across various business segments in November & December 2013.
In Power Transmission & Distribution Business,
The metal spinning machine, a propeller nozzle manufacturing method with basically one single weld only is now operational in the Chinese plant of Damen Marine Components (DMC).
ABB, the leading power and automation technology group, won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems
ABS, a provider of classification services to the global offshore industry, is establishing an office in Houston's Energy Corridor near the intersection of Interstate 10 and Highway 6.
The company says it created history in marine and offshore operations when they lifted the 10,000-tonne topside of the first gravity base of the semi-submersible
While many owners discuss ideas to suitably maintain maritime service while slashing operating costs, Seasteak LLC, owners a 43m fast ferry Wall Street, put words