Investment Averages $1.4 Million Per Vessel Maintaining and Modernizing U.S.-Flag Lakers Will Keep Great Lakes Shipyards Busy This Winter. More than 1,200 boilermakers, welders, electricians and other skilled craftsmen will be hard at work this winter maintaining and modernizing U…
Hyundai Merchant Marine Secures US$500 million debt facility from banks led by DNB. South Korean shipping group Hyundai Merchant Marine (HMM) has secured a USD500 million debt facility from a syndicate of financial institutions led by DNB Bank…
LNG Solutions for Large Container Vessels the Focus of GL and IHIMU Joint Development Project. LNG as ship fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade - the boxship? To investigate…
AGENCY: Maritime Administration, DOT / ACTION: Notice of Small Shipyard Grant Program.SUMMARY: This notice announces the intention of the Maritime Administration to provide grants for small shipyards. Catalog of Federal Domestic Assistance Number: 20…
Providing local support to Navy customer.Austal has announced the opening of Austal USA’s Washington DC Operations Office at 100 M Street, SE, Suite 310. The facility will allow Austal Government Programs and Business Development personnel…
According to a Reuters report, IHC Merwede is hoping to announce the acquisition of several Asian shipyards next quarter as it sticks to an plan to expand internationally and grow by 50 percent in five years, citing a senior company executive…
The European Union unveiled new rules for assessing aid to the bloc's shipbuilding sector on Wednesday, hailing the reform as intended to help foster innovation in an industry facing tough global competition, according to a Reuters report. The…
Impressive keynote speakers, informative customer presentations and exciting new technologies.AVEVA, an engineering design and information management solutions for the plant, power and marine industries, today announced the successful conclusion of its AVEVA World Summits…
VSE Corporation's GLOBAL Division teamed with the U.S. Naval Sea Systems command December 1 at a ribbon cutting ceremony to commemorate the official opening of the Iraqi Navy Ship Repair Facility (SRF) in Umm Qasr, Iraq.VSE helped develop the SRF…
Foss Maritime, founded by the matriarch of the Foss family in 1889, is as much a cultural icon on the U.S. West Coast as McAllister or Moran are on the East Coast. Norwegian immigrant Thea Foss began the business when she bought her first row boat in Tacoma…
The U.S. Navy and its shipbuilding partners have incorporated lessons learned from the first two Littoral Combat Ships (LCS) in the design and construction of the follow-on ships. “I think the lead ships are pretty good,” says Rear Adm. Jim Murdoch…
As Director of Innovation, Dr. Larry Schuette is one of three portfolio directors at the Office of Naval Research (ONR). His counterparts are the director of research (discovery and invention) and director of transition. The Office of Innovation promotes…
Huntington Ingalls Industries (NYSE:HII) announced that the company's Ingalls Shipbuilding division has been awarded an advance procurement contract for work on the U.S. Navy's third Zumwalt-class destroyer, DDG 1002. The contract is valued at $46 million…
Drydocks World signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Modular Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of the Marine Well Containment Company’s (MWCC) well containment system…
Brian Carter is joining Seaspan Shipyards as President, assuming this role full-time beginning January 9, 2012. In this role, Brian is responsible for delivering the long-term strategic plans of Seaspan’s three shipyard operations (Vancouver Drydock…