Caption Before a crowd of 500 guests and the workforce of the U.S. Coast Guard Yard, Captain George Lesher (left) assumed command of the Coast Guard Yard from Captain Richard Murphy (right) at 11 a.m. on June 7, 2013. Rear Admiral Ronald Rábago (center)…
The flood of interest in ordering new container vessels is motivated by other factors than supply and demand.The recent surge in new vessel orders at a time of industry-wide overcapacity suggests that market fundamentals are no longer the main driver (see figure)…
Chet Morrison Contractors recently announced the hiring of industry veteran Michael Brown as General Manager of Marine Construction. Brown has 35 years of experience in the commercial diving industry, most recentlyan eight-year tenure as Vice President and General Manager for EPIC…
Damen Shipyards Galati has delivered the World Diamond, the first of six Platform Supply Vessels for Norwegian offshore owner World Wide Supply, built to an entirely new Damen design. The World Diamond was christened by godmother Her Royal Highness Crown Princess Margarita of Romania on June 28…
On June 25, 2013, Austal held a keel-laying ceremony for the fourth Independence-variant Littoral Combat Ship (LCS) – Montgomery (LCS 8). This is the second LCS of ten awarded by the Navy to Austal, as prime contractor, and the sixth keel laying ceremony celebrated by Austal…
Incat Tasmania’s dual-fuel vehicle & passenger ferry 'Francisco' has attained 58.1 knots operating on LNG fuel only.Francisco has been constructed for South American company Buquebus, for service on the River Plate, between Buenos Aires Argentina and Montevideo…
The U.S. Department of Transportation’s Maritime Administration (MARAD) said that the nation’s shipyards support $36B in gross domestic product, as part of a report on the U.S. shipbuilding and repair industry issued today. Acting Maritime Administrator…
Drydocks World said that Floating Storage Re-gasification Unit (FSRU) Toscana sailed away from Drydocks World – Dubai. The unit, formerly the 138,830-cbm LNG carrier Golar Frost, has been under conversion since June 2009 at Drydocks world Dubai yard for contractor Saipem and owner OLT…
Petrobas's FPSO P-63 has left the Quip/Honório Bicalho shipyard in the city of Rio Grande (RS) after the modules were integrated and the platform commissioned.With a capacity to process 140,000 barrels of oil/day and compress one million m3 of gas /day…
South Korean shares rebounded Tuesday from the prior session's fall as local institutions rushed to hunt for bargains on views that the recent decline was excessive. STX Group shares benefit from the rebound.STX group shares ended bullish…
Puget Sound Naval Shipyard and Intermediate Maintenance Facility (IMF) are seeking shipyard volunteers to help overcome a staffing shortage of more than 600 mechanics, a result of the Navy-mandated hiring freeze.Despite being exempt from Defense Department-wide employee furloughs…
Further ordering activity seen in the tanker market in the period up to 10, June 2013, according to Clarkson Hellas Weekly S+P report.Clients of Consolidated Marine Management have contracted three firm 115,000 DWT LR2s at Hyundai Samho. Understood to have been signed earlier this year…
The National Shipbuilding Research Program (NSRP) plans to issue a research announcement in August, 2013 & in the meantime issues this pre-solicitation notice in order to facilitate teaming arrangements.In making this announcement NSRP aims…
Standing on the naming platform with the ship's Captain Tony Draper, The Duchess of Cambridge pronounced, 'I name this ship 'Royal Princess'. May God bless her and all who sail in her.' The Duchess then cut the rope that sent a giant Nebuchadnezzar…
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'.Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily…