According to an April 25 report from Arirang News, many of Korea’s shipbuilders failed to get new orders in 2009. As a result, Korea lost the top place in the global shipbuilding industry to China. However, Hyundai Heavy Industries has increased new orders by almost 200 percent to 1…
The U.S. Navy awarded a $114m contract modification to Northrop Grumman Corporation (NYSE:NOC) to provide long lead materials for the company's 30th DDG 51 class Aegis guided missile destroyer. The materials purchased will be used in the construction of DDG 114…
Marinette Marine Corporation a Fincantieri Company, announced that, as the Prime Contractor and Program Manager, it has been awarded an additional 30 Response Boats – Medium (RB-Ms) by the U.S. Coast Guard. With an approximate value of $63.6m…
Solstad Offshore is redeploying two platform supply vessels as potable water and fuel oil carriers to service Brazil’s offshore rig market for Petrobras, after completion of a major conversion project at Gibdock. The four week project saw the 2006-built Normand Trym (3…
The U. S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE:GD) , a $15.9m modification to a previously awarded contract for procurement of long-lead material and engineering, production and related support services associated with the construction of DDG 1001…
Nakilat – Damen Shipyards Qatar (N-DSQ) has signed a Memorandum of Understanding (MoU) agreement with the Qatar Emiri Naval Forces (QENF) for the construction and delivery of six Naval Patrol Boats at Nakilat’s shipbuilding facilities in the Port of Ras Laffan…
Marine Travelift Inc. announced that Tampa, Fla.-based RiverHawk Marine has acquired one of its 300C mobile boat hoists, thanks in part to a Small Shipyard Grant from the U.S. Maritime Administration. The Small Shipyard Grants program is administered…
Colonna’s Shipyard, Inc. of Norfolk, Va. announced a major expansion, the new West Yard Marine Travelift Facility. Situated on approximately ten acres, this facility will accommodate the simultaneous repair of up to 15 vessels including tugs…
NOAA awarded a $73.6m American Recovery and Reinvestment Act contract to Marinette Marine Corporation located in Marinette, Wis., for the construction of a new fisheries survey vessel, which will dramatically improve NOAA’s ability to conduct surveys for fish…
A Joint Declaration by 33 regional governments on the future of the European shipbuilding industry was handed over to Prof. Jerzy Buzek, President of the European Parliament, as well as representatives of the European Council, the European Commission…
According to an April 17 report from Reuters, China's Yangzijiang Shipbuilding (YAZG.SI) and a Middle Eastern investor will buy an indirect stake in Singapore-based oil-rig maker PPL Shipyard in a $113m deal.(Source: Reuters)
According to an April 19 report from JoongAng Daily, STX Offshore & Shipbuilding Co., Korea’s fourth-largest shipbuilder, said it has won deals this month to deliver a total of four ships for a combined $250m.(Source: JoongAng Daily)
According to an April 19 report from the Taiwan News, after refraining from placing any order for new ships for the past two years, the head of the Evergreen Group now sees the opportune time to replenish his fleet with newbuildings. Dr. Chang Yung-fa…
Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, announced that it has signed, through its 100% owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company…
According to a report from Asia Today, South Korea has secured 51.1 per cent of all orders placed in the first quarter of this year to recapture its top standing in the industry from China, a government report showed today. (Source: Asia Today)