According to an August 26 report from Bloomberg, Hyundai Heavy Industries Co. and its rivals may end an eight-month dry spell with a slew of new orders after Australia approved the $42b Gorgon liquefied natural gas project.(Source: Bloomberg)
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), laid the keel for USNS Washington Chambers, the eleventh ship of the Lewis and Clark class of dry cargo-ammunition ships (T-AKE). Construction of the Washington Chambers began in March…
The keel of a ferry to be built for P&O Ferries was laid at STX Europe, Rauma on 25 August, 2009. The vessel is the first of the two ferries scheduled for delivery from Rauma shipyard in 2010 and 2011.Following a traditional ceremony, some lucky coins were placed under the keel…
According to a report from WTOP.com, Salisbury, Md. based Chesapeake Shipbuilding is planning to build its third new prefabrication facility on its property on the Wicomico River. Company spokesman Charlie Robertson said an old building on the…
Shipbuilder stocks in Korea rallied today, apparently fueled on hopes the shipbuilding industry had hit bottom in the second quarter and that demand for new vessels may revive as world economies stabilize, according to a Reuters report. Reuters…
China's largest private shipbuilder has signed this year’s biggest deal in terms of dead weight tons, according to the company. Jiangsu Rongsheng Heavy Industries Group signed a contract Friday with Oman Shipping to build four iron ore carriers…
The U.S. Department of Transportation’s Maritime Administration today announced $17.1 million in grants to 14 small shipyards in 10 states. The grants are part of the Assistance to Small Shipyards program.“Small shipyards are vitally important for the health of the maritime industry…
On June 28, the Sevan Driller, first circular drilling rig prepared for drilling at a water depth of almost 4,200 m was named at COSCO Shipyard Group's Qidong Shipyard. A grand naming ceremony was held at the site to celebrate the completion…
“2008 was generally still a very good year with impressive 8.4% growth. In autumn, however, gloom also spread to our sector, which has been so used to success in the last five years,” reports Dr. Alexander Nürnberg, chairman of the German Engineering…
According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units…
According to China Daily, the nation’s shipbuilding sector is suffering from a shortage of funds. China's ship builders received 1.18 million deadweight tons (DWT) of new orders in the first five months this year, a decrease of 96 percent year-on-year…
Though it has sustained economic growth for the past ten years, China’s shipbuilding industry suffered in 2008. The nation contracted 48.3% fewer ships in the first half of the year as compared to 2007. Carrying capacity was down by about 45%…
Bender Shipbuilding & Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize.The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations…
According to a June 24 report from Honoluluadvertiser.com, Hawaii Superferry has asked to abandon its two high-speed catamarans to creditors because of the significant cost of maintaining the vessels as the company moves through bankruptcy. MARAD…
Led by Alexander Ananenkov, Deputy Chairman of Gazprom Management Committee, the company’s delegation continues its business trip to Saint Petersburg.The delegation is composed of Oleg Aksyutin, Member of the Management Committee – Head of the Gas Transportation…