Shipping Water Via Water
Finland's largest waterworks Helsingin Vesi is investigating shipping water to the United Arab Emirates, after it had been approached by a consultancy firm hired by the UAE to deliver up to 450…
HHI Ship Order Soar, But Profits Fall
Korea's Hyundai Heavy Industries -- the world's largest shipbuilder -- said it expects this year's net profit to tumble as it had to write off losses stemming from its sister firms.
EC To Investigate Spanish Payments
The European Commission will open a formal investigation into plans by Spanish state holding company SEPI to pay $57 million (10 billion pesetas) to buy a number…
Aker Takes Major Stake In Kvaerner
Aker Maritime has acquired control of about one fourth of Kvaerner for a reported $350 million (3 billion crowns). The purchase made the industrial holding firm…