U.S. manufacturing of durable goods, which has been lagging the wider recovery of the U.S. economy, hit an all-time high in June when $270.5B worth of goods was produced. This brings total manufacturing of durable goods so far this year to $1,482 billion, a 15.5% increase compared with the first half of 2020.Since the production of durable goods in the first half of 2021 is up 1.6% from the first half of 2019…
Malin Marine Consultants were awarded support through the Clean Maritime Demonstration Competition (CMDC) for its MariLight project, a project that seeks to develop new processes for building marine components using Large Scale Additive Manufacturing (LSAM) technology…
Rolls-Royce's Power Systems division has ended the 2020 financial year with an underlying operating profit of $247.3 million despite suffering a 17% drop in underlying revenue to $3.8 billion. This corresponds to an underlying operating margin of 6…
India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven…
Korea Shipbuilding & Offshore Engineering (KOSE), a manufacturer of oil tankers, cargo and passenger vessels, and warships, and Saudi Arabian Oil Company (Saudi Aramco) plans to set up a joint venture to build engines.According to South Korea’s…
The international accredited registrar and classification society DNV GL has awarded thyssenkrupp, German multinational conglomerate, first additive manufacturing approval of manufacturer certificateThe shipping industry is looking to take advantage of additive manufacturing (AM)…
