The first of four patrol vessels ordered from Fincantieri and worth 80 million Euros was delivered to the Iraqi Navy. The vessel was built at Fincantieri’s shipyard in Riva Trigoso.

Singapore Technologies Marine Ltd (ST Marine), marine arm of Singapore Technologies Engineering Ltd (ST Engineering), has signed two separate Memoranda of Understanding (MOU) with French defence powerhouse, DCNS, as well as Swedish submarine experts, Kockums AB.

The American class society ABS (American Bureau of Shipping) has revised and reissued its Guide for Building and Classing Liquefied Gas Carriers With Independent Tanks.

UAB ”Vakaru laivu remontas“ (VLR), subsidiary of Lithuanian AB ”Vakaru laivu gamykla“ (VLG) in Klaipeda, has completed one of the first large-scale ship modernizations this year.

Offshore specialist ODIM, Hareid,Norway, is continuing the strategic development of its Asian operations through the acquisition of Marine Services & Engineering Pte Ltd in Singapore for NOK 10 million.