Russia will get 78 warships in total by the end of 2020 according to Minister of Defense Sergey Shoigu.In the frame of the program Russian Navy will receive 8 strategic nuclear-powered submarines, 16 general purpose submarines and 54 surface warships of varied classes…
Risk is ubiquitous on the waterfront, and the effective identification, mitigation and management of that risk is critical to long-term success. Maritime Professional delivers insights from four acknowledged industry leaders from four distinct…
Ardmore Shipping Celebrates Naming of 'Ardmore Seavaliant' and 'Ardmore Seaventure'. Ardmore Seavaliant immediately chartered to Cargill, following naming at SPP Shipbuilding.Chemical and product tanker specialist Ardmore Shipping has named the two newest vessels to join its fleet…
The latest addition to the Brazilian Navy’s fleet departed the UK in the snow for her new home in Rio de Janeiro where she will strengthen Brazil’s maritime security.Apa is the second of three Amazonas Class Ocean Patrol Vessels being delivered to the Brazilian Navy by BAE Systems…
The Passenger Vessel Association (PVA) & the U.S. Coast Guard sign policy agreement regarding Coast Guard approval of fire protection for newly constructed high-speed vessels. This agreement is critical to the U.S. shipbuilding industry to…
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs…
Lockheed Martin Canada, a major supplier of systems, software and professional services to the Royal Canadian Navy, will be in Saint John, Halifax and St. John’s this week to meet with companies that could become partners and suppliers on shipbuilding projects…
Cruise Lines shrug off tragedy, bad publicity, new regulations and a weak economy to post impressive growth.In the year since the Costa Concordia tragedy, the cruise industry has seen a raft of new regulatory initiatives; in part developed in conjunction with industry associations…
In a market where shipbuilders are forced to accept new contracts below cost levels, a significant share of the building capacity has been withdrawn or removed. Jørn Bakkelund of RS Platou, ship brokers and investment bankers, sum up the state…
Canadian Government ministers attend the shipyard to mark start of work on the design of new Arctic Offshore Patrol Ships (AOCS).Irving Shipbuilding welcomed the Honourable Rona Ambrose, Minister of Public Works and Government Services Canada…
Singapore headquartered Otto Marine to build two Anchor Handling Tug Supply (AHTS) vessels for an Indonesian operator. The new shipbuilding contracts, with a total value of US$27.8 million are for constructing two identical units of 5,150 bhp Anchor Handling Tug Supply Vessels (or AHTS)…
Rising demand from emerging country economies has prompted owners to order more and larger LPG vessels, according to Drewry.The increased demand has been further improved by a growing consumption base in emerging economies, with supply bolstered by an expected emergence of new export sources…
FLEX LNG (HQ in Tortola) is in continuing dispute with Samsung Heavy Industries and briefs its shareholders as follows:'As previously announced, FLEX LNG considers the four shipbuilding contracts and the EPCIC that were entered into with SHI in 2008…
COSCO (Zhoushan) Shipyard Co., Ltd. has delivered a 57,000 dwt bulk carrier 'Ocean Master' to its European buyer.The new bulk carrier measures 189.99 meters in LOA and 32.26 meters in breadth.COSCO Corporation (Singapore) Limited has one of the largest Ship Repair…
Irving Shipbuilding welcomed Rona Ambrose, Minister of Public Works and Government Services Canada, and Peter MacKay, Minister of National Defense, to Halifax Shipyard to mark the start of the Definition (Design) phase of work for the first set of new naval combat vessels for Canada…