Daewoo Shipbuilding & Marine Engineering (DSME) swung to the black in the first quarter of the year from a year earlier, largely thanks to cost-cutting measures, reports Yonhap. The Korean shipyard reported an operating profit of 292 billion won ($257…
French transport and logistics company Groupe Charles Andre (GCA) has extended its operations at the port of Marseille Fos with the opening of a 34,000m2 warehouse in Fos Distriport. The warehouse features 6,000m2 dedicated to packaged dangerous…
BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long USS Vicksburg (CG 69) under a $42.9 million U.S. Navy contract. The value of the competitively awarded contract could reach $45.9 million if all options are exercised…
Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties…
Canadian ship owners and the St. Lawrence Seaway have spent an estimated $160 million on repair and infrastructure projects this winter, boosting the economic fortunes of communities throughout the Great Lakes, the St. Lawrence and east coast…
The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region…
Damen Shiprepair & Conversion (DSC) plans to lay off around 150 workers as part of its reorganisation program at three Dutch yards within its group. All employees at the three locations — Damen Shiprepair Rotterdam (DSR), Damen Shiprepair…
A number of Damen Shiprepair & Conversion yards have recently or will soon achieve new ISO certifications as part of an ongoing initiative to standardize operating procedures across the group. Damen Shiprepair Amsterdam (DSAm) and Damen…
A new shipbuilding and repair training program in Alaska aims to develop an advanced manufacturing workforce comprised of state residents. Shipbuilder and repairer Vigor has teamed up with the maritime workforce development network Maritime Works for a public…
South Korean major shipbuilder Samsung Heavy Industries Co is aiming to clinch orders worth more than US$6 billion this year, South Korea's Yonhap news agency reported the company's head as saying. Park Dae-young, president and CEO of the shipbuilder…
It seems like a lifetime coming, but the IMO International Convention for the Control and Management of Ships' Ballast Water and Sediments (BWM) has been approved and will enter into force on September 8, 2017. Deemed as an environmental necessity…
DHT Holdings, Inc. said that during a routine inspection of the DHT Jaguar, a fracture surrounding the inspection window of the rudder was identified. It is DHT's policy to inspect all newbuildings, including underwater areas, during their respective warranty periods…
Andrew Shaw has taken up his new position as chief executive at ASRY, ship and rig repair yard in the Arabian Gulf. Effective January 4, Shaw will lead the firm as it enters its 40th year of operation. He re-joins the company after previously…
France may intervene in the sale of the Saint-Nazaire shipyard by bankrupt South Korean shipbuilder STX if the French government's conditions are not met, Industry Minister Christophe Sirugue said.'The government is fully mobilised and will not hesitate to use all of the levers at its disposal…
Swedish ferry operator Stena Line has renewed its planned maintenance agreement with MacGregor, part of Cargotec. Stena Line has held MacGregor Onboard Care (MOC) agreements since 2008 and its latest contract takes the number of RoRo vessels covered to 39…
