China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons. The company realized losses from the disassembly of the vessels of approximately RMB59 million (USD9 million)…
Ancora Marina in Neustadt, Germany, took delivery of a new Marine Travelift 75 BFMII mobile boat hoist, Marine Travelift Inc. announced today. Ancora Marina is located on the Bay of Lübeck in Schleswig-Holstein, northeast of Hamburg and southeast of Kiel…
Offshore shipbuilder Vard Holdings reported a net loss of $40mln in the first quarter, on back of unrealized foreign exchange losses from a 15-year USD-denominated yard construction loan in Brazil. Net foreign exchange losses in the quarter amounted to $37mln…
Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”. It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland. The Oslo-listed company…
Singapore shipbuilding group ASL Marine has posted a sharp drop in net profit for its third quarter as revenues from its shipbuilding, shiprepair and chartering segments fell across the board. Net profit for the three months to March 31 plummeted 65…
SSI announced it will host the Autodesk Bulgaria Shipbuilding Seminar for shipbuilders, naval architects and marine engineers to learn about the challenges facing the shipbuilding industry in Bulgaria and find out how Autodesk's Extended Digital Prototyping solutions…
Damaged Ship, the conference organized by The Royal Institution of Naval Architects every two years in their headquarters in London, shows the major processes made over the last years around damaged stability in vessels and artifacts. This time…
SCHOTTEL announced the creation of two new service divisions, Automation and Systems Engineering as well as Repair International. Stefan Buch was appointed director of the division Automation und Systems Technology. The electrical engineer…
The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipbuilding and repair industry, has announced that Tom Godfrey, President and CEO of Colonna’s Shipyard in Norfolk, Virginia, has been appointed as Chairman of the Board of Directors…
USS Constitution, ‘Old Ironsides’, will enter dry dock May 18 for a nearly three year restoration with most of the work being done below the waterline and the bow area. The timeline of events leading up to the ship’s dry docking can be found below…
The Turkish shipyard SEDEF has signed a contract with the Turkey's procurement agency, the Undersecretariat for Defense Industries (SSM) for the design and construction of Landing Platform Dock (LPD) for the Turkish Navy. The 231-meter landing platform dock that is capable of carrying 1…
AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily. The total contract to build 11 ultra-large containerships is worth US$1…
The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned if the international convention to regulate ships’ ballast water comes into…
A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks. The study, commissioned by Brussels-based NGOs Seas at Risk and Transport & Environment…
Hornbeck Offshore Services completed the sale of three supply vessels to the U.S. Navy, helping boost profits in the first quarter even as low oil prices put pressure on revenues. In February, the Navy agreed to buy three supply boats from Hornbeck with an option to purchase a fourth…