According to a regulatory filing, Hyundai Heavy Industries (HHI) racked up 10.2728 trillion Korean won in sales for Q1 2016, a 7.8 percent decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak…
Newbuilding Department of Nauta Shipyard has begun construction of fully equipped fishing vessel - Ocean Star with a steel cutting ceremony held on April 26. The ceremony was attended by representatives of shipowner, DnV and Warthill Design…
Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros. The deal will give Genting Hong Kong the core expertise…
World Marine, LLC has received the Shipbuilders Council of America’s (SCA) annual “Excellence in Safety” award as well as the “Improvement in Safety” award. SCA, the national association representing the U.S. shipyard industry, honors companies…
On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony…
The Great Lakes Towing Company announces the addition of Nikita Skeeter, a maritime professional with over 25 years of experience in shipbuilding and production management, as General Manager of Great Lakes Shipyard. Skeeter’s management experience includes multiple…
The assembly of TUI Cruises ship Mein Schiff 6 at Meyer Turku shipyard started today 25.4.2016 with the laying of the first grandblock in the big building dock. When ready in 2017, Mein Schiff 6 will be a fourth high-technology cruise ship being…
Mitsubishi Heavy Industries, Ltd. (MHI) hereby announces its intent to book an extraordinary loss from its cruise ship business in the company's consolidated financial results for fiscal year (FY) 2015 (ending March 31, 2016).1. Background…
South Korean companies are briskly moving to tap into Iran's fast-growing shipping industry, regarding the Iranian boom as a breakthrough to their prolonged business slump amid the global economic slowdown. According to IRNA, the head…
The new Scandlines ferry for the route Rostock-Gedser left the Danish shipyard FAYARD on Wednesday 20 April 2016. The vessel will be named M/V Berlin on Tuesday 3 May 2016. During the last couple of months the vessel has successfully completed…
Norwegian exploration travel company Hurtigruten, has signed a letter of intent for the construction of up to four new explorer ships with Norwegian shipyard Kleven. The order for delivery in 2018 and 2019 is a move to meet growing demand for adventure travel from travellers in the U…
Uwe Beckmeyer, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy paid a visit to MTU Reman Technologies in Magdeburg to find out more about the company’s development operations in the maritime sector.The…
Bollinger Shipyards was presented the 2015 “Award for Excellence in Safety” for the 11th consecutive year by the Shipbuilders Council of America (SCA) on April 14, 2016, during the association’s Annual General Membership Meeting in Washington…
Launched at the Hyundai Mipo dockyard in Ulsan, South Korea, the newly built Lindanger is the world’s first methanol fueled ocean-going vessel.The ship is the first of two dual-fueled 50,000 dwt tankers owned by Norwegian firm Westfal-Larsen…
The Shipbuilders Council of America (SCA) last week announced the recipients of its annual safety awards. SCA’s safety awards enhance operations and promote safety through recognition and promotion of accident prevention. Through their proactive…