Aker Yards, Viking Line Confirm LOI

Wednesday, November 30, 2005
The Letter of Intent between Aker Yards and Viking Line has been confirmed as an order. The LOI, which is for a fast passenger/car ferry, was signed on November 21 by Aker Yards and Viking Line and is worth approximately $140-150 million. The contract includes options for two similar vessels. The vessel intended for the Helsinki-Tallinn route will be 607 ft. (185 m) long and 98 ft. (27.7) m wide, taking 2500 passengers. The vessel will reach a speed of 25 knots driven by 40 MW engines.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Shipbuilding

Esvagt Makes Vestdavit MissionEase First Choice for Mission Bay

Norway-based boat system and davit-handling specialist Vestdavit has secured a breakthrough order for its unique MissionEase multi-boat handling solution for mission Bays,

NASSCO Christens LNG-ready Tanker Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

 
 
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