The French company DCNS has released details of the new submarine it wants to build for Australia as a replacement for the navy's Collins subs. DCNS is offering Australia a new submarine design it calls the Shortfin Barracuda as its contender in the $50 billion new submarines project…
Heesen Yachts announced that following intensive sea trials in the North Sea, on July 10, 2015, YN 17255 M/Y Azamanta, the world's first Fast Displacement steel-hulled yacht over 50 meters, was delivered to her owners in international waters…
Scorpio Tankers has purchased an MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37mln and a LR2 product tanker, currently under construction at Daehan Shipbuilding, for around $58.5mln. MR product…
Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group…
Aluminum boat manufacturer SAFE Boats International (SBI) announced the promotion of John Hotz to Director of International Business Development for Caribbean, Latin America and Mexico, a region which currently operates more than 130 SBI vessels…
ClassNK has released PrimeShip-HULL (HCSR) Ver. 2.5.0 in response to the new IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT). CSR BC & OT, which harmonizes requirements found in both existing Common Structural Rules for bulk carriers and double hull oil tankers…
The Indian Navy will soon invite tenders for building six conventional submarines after a high-level committee of the Defence Ministry submitted its report identifying shipyards capable of executing the about $10.1 billion project. Besides the state-run shipyards…
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday. Citing finance sources familiar with the plans, Reuters said the move was…
India's top government committee has selected five Indian shipyards to compete for an Rs 64,000-crore ($10.1 Bln) project to build high-tech submarines for the navy. The Indian Navy will soon invite tenders for building six conventional…
Conrad Industries, Inc. announced the appointment of Rene J. Leonard as Vice President of Business Development and Engineering. 'Rene has been in the shipyard business over 25 years in various capacities including naval architect, project engineer…
Ellicott Dredges celebrates 1,000 day safety record and 130 years of business The employees of Ellicott Dredges LLC in Baltimore had two reasons for celebration this week, the company announced. First, Ellicott's Baltimore plant recorded a safety milestone of 1…
Greece has submitted a fresh proposal which includes hiking shipping taxes and to gradually remove the industry's special tax status to the EU in a bid to secure a 53.5 billion euro ($59bn) rescue package to help cover its debts until 2018 and stave off bankruptcy…
Long time vice president of Trinity Yachts to help shape the future of Harvey Gulf William S. Smith III (Billy) has been named Chief Operating Officer (COO) of Trinity Yachts effective immediately. The announcement was made today by Shane Guidry…
Nantong Mingde Heavy Industry (NMHI), a subsidiary of the financially troubled shipbuilder Jiangsu Sainty Marine Corporation, has missed the June 26 deadline to submit its restructuring plan to the Nantong People’s court. In other words…
A report in the Economic Times say that Russia wants to make India a global hub for the upgrade, maintenance and repair of conventional submarines and its leading shipyard is in final talks to select an Indian joint venture partner for a mega project to set up facilities…