Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading industrial plant EPC contractor,won $101.6 million worth of order to supply two vacuum vessel sectors (No.7, 8) for ITER (International Thermonuclear Experimental Reactor)…
The Board of Directors of Triyards Holdings Limited announced that Mr. Yeo Keng Nien has resigned as the Company Secretary of the Company with effect from 15 July 2016.The Board would like to thank Mr. Yeo Keng Nien for his contributions…
Philly Shipyard, a U.S. commercial shipyard constructing vessels for operation in the Jones Act market has announced acash dividend to be paid by PHLY. The schedule is as follows: Dividend amount: USD 0.25 per share…
The situation of the shipyards in the world and in particular the struggles of the Korean shipbuilding industry has received a fair amount of attention in the shipping press, as well as in more general news outlets. Poten and Partners discusses…
New ship orders placed at Japanese yards fell by 80% during H1 2016 compared to H1 2015, according to data from the Japan Ship Exporters' Association (JSEA). According to ALIBRA Weekly Market Report , this is the worst decline since the autumn of 2008 in terms of gross tonnage…
South Korean shipbuilder Hyundai Heavy Industries said on Wednesday that its affiliate aims to sell its brokerage unit Hi Investment & Securities by the end of this year. The affiliate, Hyundai Mipo Dockyard, holds an 85 percent stake in Hi Investment & Securities…
Korean shipowner ILSHIN and HMD (Hyundai Mipo Dockyard Co., Ltd.) have signed a shipbuilding contract for a 50,000 dwt bulk carrier.Notably, the vessel will be powered by an MAN B&W 6G50ME-C9.5-GI engine, to be built by HHI-EMD who will also supply the ME-GI and fuel gas supply system…
Holland America Line celebrated a significant construction milestone today as the first steel was cut for ms Nieuw Statendam, due for delivery in November 2018. The ceremony took place at Fincantieri’s shipyard in Palermo, Sicily, Italy, and…
Vard Holdings Limited's subsidiary Vard Electro AS has secured a contract for the delivery of an engineering and electrical installation package for U.K.’s new $290 million polar research vessel under construction for the Natural Environment Research Council (NERC)…
Genting Hong Kong Ltd will invest 100 million euros in its German shipyard, MV Werften to focus on building new large ships. The three shipyards in the German State of Mecklenburg-Vorpommern bought this April would be named MV Werften, be managed in Wismar…
New guidance provides the route to classification with six levels for autonomous ships Lloyd’s Register (LR) has set out the ‘how’ of marine autonomous operations in a new ShipRight procedure guidance, which describes autonomy levels (AL)…
Metal Shark was selected by HNY Ferry Fleet, LLC (a Hornblower company), operator of New York City’s Citywide Ferry Service, to build 26-m149-passenger aluminum high-speed ferries. Metal Shark will produce a series of ferries at its Franklin…
The latest of Transnet National Ports Authority’s (TNPA) nine new tugboats has set sail from the Durban premises of contractor, Southern African Shipyards, on Thursday, July 7, destined for its new home at the Port of Port Elizabeth. The…
The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs). The outcome of the JIP, led by DNV GL…
Huntington Ingalls Industries (HII) announced that Vice Adm. Mark I. Fox (U.S. Navy, Ret.) has been named corporate vice president of customer affairs for the company’s Newport News Shipbuilding division. Fox, who will succeed Vice Adm. Evan “Marty” Chanik (U…