Scorpio Tankers exercise options with Korea's Hyundai Mipo Dockard for altogether six new tankships.The contracts are for the construction of four MR Product tankers for approximately $33.0 million each and two Handymax ice class-1A (37,000 DWT) product tankers for approximately $31…
Korean shipbuilders outperformed by their Chinese competitors in 2012 exports, 11 years after Korea in turn overtook Japan in 2001. The Korean Chamber of Commerce and Industry analysis of data from the Korea International Trade Association puts exports by Korean shipbuilders at US$37…
Sembcorp Marine's PPL Shipyard secures a repeat order for a jack-up rig worth US$208-million from Perisai (L) Inc.The second jack-up rig ordered by Perisai (L) Inc. a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd., will be built…
Seaspan CEO addresses concerns raised by the Parliamentary Budget Officer about the National Shipbuilding Procurement Strategy (NSPS).(Seaspan affiliate companies include Vancouver Drydock, Vancouver Shipyards and Victoria Shipyards). Seaspan…
Australian mining entrepreneur Clive Palmer intends the ship to largely recreate the design and decor of the ill-fated original.The original design of the Titanic will be modified to keep it in line with current safety rules and shipbuilding practices…
Huntington Ingalls Industries (HII) hosts the graduation ceremony for the company's Apprentice School at Newport News Shipbuilding (NNS). The graduation, held at Liberty Baptist Church Worship Center in Hampton, celebrated the achievements of 206 apprentices representing 21 trades…
China's first Type 056 stealth frigate delivered to the Chinese People's Liberation Army Navy (PLA Navy) in Shanghai.The new generation of frigate, which is about to be put into service on a large scale, features good stealth performance and electromagnetic compatibility…
On February 6, 2013, President Obama traveled to Newport News, Virginia to tour the shipbuilding site and address the impact of the looming sequester. A video of The President’s speech can be seen here: The President's complete remarks are transcribed below (from www…
Bourbon takes delivery of the 3rd vessel in the large Inspection, Maintenance, Repair (IMR) series for the offshore industry.The Bourbon Evolution 803 is the latest in a series of vessels designed to operate in complete safety at depths of 3000 meters…
The IMO’s Sub-committee on Stability and Load Lines & on Fishing Vessels Safety (SLF) has reviewed and finalised the draft Guidelines.The Sub-committee had, at its last meeting in January 2012 also developed draft amendments to mandatory instruments…
Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini.Highlights:· Profit for the year in excess of euro 15 million (euro 9 million in 2011);· EBITDA at euro 137 million (euro 138 million in 2011) with a margin of 5…
Crowley Maritime subsidiary, Jensen Maritime complete design of 2 ASD tugboats & a deck cargo barge for Harley Marine. Seattle-based naval architecture and marine engineering company Jensen Maritime recently completed the designs of two new ASD tugs…
After just 17 months under construction Meyer Werft plans to float out the new cruise ship Tuesday, weather permitting.The 145,000 gt cruise ship Norwegian Breakaway, has already been undergoing extensive tests and machinery trials. Following the float-out from Covered Building Dock ll…
Kleven has signed a contract with GC Rieber Shipping for the building of an advanced seismic vessel. The vessel is of type ST 324 XT from Skipsteknisk, and is to be delivered from Myklebust Verft in March 2015. Contract value is around 700 million NOK and there is an option for a second vessel…
Immediately after the naming ceremony, Atlantic Offshore's 'MRV Ocean Response' heads to North Sea on Statoil charter.This is the third Emergency Response and Rescue Vessel (ERRV) newbuilding delivered to Atlantic Offshore during the past year…