Fourth former ST Marine exec charged with corruption
December 30, 2014—Another former executive of shipbuilder Singapore Technologies (ST) Marine has been charged with corruption. See Leong Teck, 64, who was President of ST Marine from December 1997 to February 2008, is the fourth executive to face charges after allegedly conspiring with others to pay bribes in exchange for ship repair contracts.
Norman Atlantic tow claims lives of two salvors
In addition to the two Albanian seafarers at least ten of those on board the ferry are known to be dead and there are fears that there may be other bodies on the ferry, including illegal immigrants.
Arctech Helsinki now fully Russian owned
The shipyard employs about 500 workers and is building six icebreaking vessels.
Petrodec newbuilds to have HJ cylinder lubrication
The ships are being built by Hyundai Heavy Industries and will be equipped with MAN 6G60ME-C9.2 engines.
Consortium eyes Indian submarine project
Three state-owned Indian companies are to form a consortium to go after a $7 billion project that aims to see India build six air independent propulsion submarines at a domestic shipyard.