Hurtigruten takes over shipyard

Hurtigruten, which runs Norway’s famed coastal voyages along with cruises worldwide, has taken over full ownership of the financially troubled Kleven Verft shipyard company, which operates yards in Ulsteinvik and Myklebust. Hurtigruten’s goal is to make sure the vessels it has on order at the yard actually get built. Hurtigruten is taking over the stakes […]

New Hurtigruten delivery delayed

Norway’s popular coastal voyage line Hurtigruten has had to cancel several cruises on its new flagship, the MS Roald Amundsen, because its delivery from the shipyard has been delayed. Hurtigruten also has to refund thousands of tickets already sold and compensate would-be passengers who won’t be able to cruise this fall after all. The new […]

Hurtigruten places biggest order ever

Norway’s famed coastal shipping line Hurtigruten announced a major fleet renewal and expansion on Thursday, formally placing an order for up to four new passenger and cargo ships at a yard located right on the route it serves. The order was most welcome, at a time when Norwegian shipyards have been struggling because of the downturn in the […]

200 lose jobs in shipyard bankruptcy

The bankrupcy filing this week of Noryards Fosen shipyard in Trøndelag will throw another 200 people out of work, the latest casualities of the slowdown in Norway’s oil and offshore industries. Newspaper Dagens Næringsliv (DN) reported that the yard failed to secure a contract for the construction of a new subsea vessel. The contract was worth NOK […]

Kleven building new luxury yacht

The Kleven shipyard (Kleven Verft) in Ulsteinvik on Norway’s west coast has confirmed another major contract for a large, luxury yacht to be built for New Zealand’s wealthiest man. The 116-meter vessel is expected to cost around NOK 750 million (USD 110m). Newspaper Dagens Næringsliv (DN) reported that the yacht being built for Graeme Hart, age […]

Labour unions hail court victory

Norway’s Supreme Court had the last word in a long-standing battle between Norwegian shipyard employers and trade unions when it ruled this week that foreign guest workers are entitled to the same wages and rights as permanent employees. The industry voiced concern over its future competitiveness related to higher costs, while labour officials hailed the […]

Oil fund won’t exclude PetroChina

The Norwegian government is ignoring a recommendation from a state ethics council that it ban investments by Norway’s oil fund in the Chinese oil company PetroChina. Meanwhile, a Chinese shipbuilding company is making inroads on Norway’s west coast. The ethics council, which reviews investments made by Norway’s huge sovereign wealth fund, had recommended that PetroChina […]

Government aids shipyards

Norwegian shipyards, most of them specializing in the offshore industry, are facing an acute order shortage. The government forked over promises of more financial aid late last week. “Fully 17 of 29 shipyards in Norway will be without orders in just a few months,” said Prime Minister Jens Stoltenberg, who fears the yards will need […]