China CSSC Holdings Ltd announce net profit shrank by 62.91 percent year-on-year in first half 2012.The Shanghai-based firm said in a report filed to the Shanghai Stock Exchange that its business revenue totalled 13.14 billion yuan in the first six months…
Aker Philadelphia Shipyard delivers its first Veteran-class MT-46 product tanker to Crowley Maritime Corp.This is the thirteenth product tanker that the shipyard has completed and the seventeenth vessel overall. The product tankers are 600 feet long and have a cargo capacity of 46…
The Ingalls-built amphibious transport dock 'Arlington' (LPD 24) returns from successful builder's sea trials in the Gulf of Mexico.A test and trials team thoroughly tested LPD 24's major operational systems. More than 200 test events took place during the sea trials…
Hoisting a broom is Navy tradition to signify a 'clean sweep' of trial events, now granted to JHSV 1 USNS Spearhead.First-in-class Joint High Speed Vessel USNS Spearhead (JHSV 1), the high-speed catamaran transport ship under construction at Austal USA in Mobile…
“The 2008 financial crash slowed the luxury business, and the new class warfare coming out of Washington has made owning a large yacht out of favor. Hopefully, this class warfare will change this November and maybe put hundreds of laidoff workers back to work…
Damen delivers silent in operation Research Vessel ‘Simon Stevin’ to DAB Vloot, the Flemish Government fleet operator.The RV 3609 was jointly designed by Damen Shipyards Gorinchem and VLIZ, the Flemish Institute for the Sea. While hull and…
Here is a multiple choice question: which of the following contracts is considered to be a “maritime contract” under U.S. law? - (a) a shipbuilding contract - (b) a ship-sale contract- (c) a ship-repair contract, and/or -…
In recent the management of P+S WERFTEN have been involved in discussions with the representatives of the German Federal State of Mecklenburg-Western Pomerania and the German Federal Government, and with its customers, suppliers, employees,…
Russia's Admiralteiskie Verfi shipyard has launched a new Kilo-class Project 636 diesel-electric submarine for Vietnam.The submarine is the first of six ordered by Hanoi.Vietnam's Prime Minister Nguyen Tan Zung announced the signing…
Shipbuilding & allied marine industries provider Austal publishes its financial report for year ended 30, June 2012.The Group operating profit after tax for the year was $11.043 million compared with the previous year of $21.890 million…
Ulstein Group joined forces with GC Rieber Shipping to provide a ship that refuses to accept failure, thanks to pioneering ‘operation+’ philosophy.GC Rieber Shipping, the Norway-based harsh environment shipping specialist, has charged Ulstein…
Princess Cruises decide to name new cruise ship 'Regal Princess' as Fincantieri, Monfalcone, Italy lay the keel down.Following a traditional blessing by a priest, the ship's keel – which weighs approximately 500 tons – was moved into position by a huge crane onto the keel blocks…
America's Bay Shipbuilding Co. vice president and general manager, Gene Caldwell, has left the company for personal reasons.Caldwell’s leave was confirmed by Rachel Krummen, human resources manager for Bay Shipbuilding/Fincantieri in Sturgeon Bay…
Vinashin Shipbuilding Industry Corp. ex-officials in appeal against sentences for losses to the state budget of VND910 billion (US$43.5-million).Shipbuilding giant Vinashin, a state-owned company founded in 1996, came to the verge of bankruptcy…
QGOG Constellation announces the arrival in Brazil waters of the ultra-deepwater drillship, 'Amaralina Star'.'Amaralina Star' is to be operated by its subsidiary, Queiroz Galvão Óleo e Gás (QGOG). The unit was built to operate in ultra-deepwaters to water depths of up to 10…