COSCO Chairman Ma Ze Hua comments on the group's 2012 annual financial report.The following is extracted from Mr Ma's letter to stakeholders:It has been a challenging year for the Group. Turnover declined 10.3% to $3.7 billion, from $4…
President Ma Ying-jeou vows to safeguard the nation's sovereignty & fishing rights as he presided over the commissioning of 2 new Coast Guard Administration ships.The commissioning ceremony of the two ships, a 2,000-ton frigate and a 1,000-ton patrol boat…
Offshore Supply Vessel (OSV) 'Red Dawn' has been launched from the Eastern Shipbuilding Group's Allanton facility.Attending from Hornbeck was Todd Hornbeck, President & CEO, and Carl Annessa, Executive Vice President & COO, along with 12…
The infield support vessel (ISV) ‘Siem Moxie’ will be the first Ulstein X-BOW workboat to be fitted with two Voith Schneider Propellers (VSP).X-BOW vessels are characterised by the absence of a bulbous bow. Their bow slopes backwards above…
The hull is complete, the steelwork concluded, the building of the deckhouse has begun – in the dock of Sietas shipyard the first jack-up vessel for offshore wind farms developed and constructed in Germany is currently taking shape. Construction started in April 2012…
The International Association of Classification Societies (IACS) has released the second draft of IACS harmonised Common Structural Rules (CSR).The International Association of Classification Societies (IACS) is pleased to announce the release…
Sentinel Marine orders four multi-role offshore support Emergency Response and Rescue Vessels ERRV’s from Nam Cheong.The new vessels will feature Dynamic Positioning systems, redundancy of propulsion and thruster systems, cargo carrying capabilities and advanced rescue and recovery equipment…
Kvichak Marine Industries, of Seattle, WA, recently delivered a third 44.5’ Response Boat Medium to the New York Police Department Harbor Unit. The first two RB-M C’s were delivered in April 2010 and August 2012. Both have been providing…
Great Lakes Shipyard continues to make progress on the construction of two Aura-class tugboats for Seacor Holdings.Great Lakes Shipyard was earlier awarded contracts by Caribbean Tugz, LLC, an affiliate of Seacor Holdings, Inc., to simultaneously…
Sølvtrans has signed a contract with Zamakona Yards for the construction of another well-boat (live-fish carrier).Delivery is scheduled to early 2014. The vessel is a sister ship of Rojna Polaris, currently under construction at Zamakona Yards…
The 63,800 dwt bulk carrier 'Amber Champion' has been completed and named at the Chengxi Shipyard Co.A spokesperson for the shipbuilder addressed guests at the ceremony, and the following is drawn from that speech.The Dolphin 64 bulk carrier is an energy-efficient…
Huntington Ingalls Industries welcomed the aircraft carrier USS Abraham Lincoln (CVN 72) to its Newport News Shipbuilding (NNS) division today, following a six-week delay in its arrival. Lincoln was originally scheduled to arrive Feb. 14 for its refueling and complex overhaul (RCOH)…
Sølvtrans has signed a new contract with the Spanish shipyard Zamakona Yards for the construction of a new 3,200 cu. m. well-boat. Delivery is scheduled to early 2014. The vessel is a sister ship of Rojna Polaris, currently under construction at Zamakona Yards…
Two new ART 80-32class Rotor tugs, the first vessels designed for KST B.V. under the recent agreement naming Robert Allan Ltd. as the exclusive designer of Rotor tugs, are to be built by the Damen Shipyards group for owners Elizabeth Ltd. This…
China Rongsheng Heavy Industries release financial results for the twelve months ended 31, December 2012.In 2012, the Group recorded approximately RMB 7.96 billion in revenue, a year-over-year decrease of 50% from RMB 15.9 billion.Losses…