On Monday. January 4, 2011, the foundation for what will be a new R&D Center for warships will be laid in india. According to a report on http://frontierindia.net, AK Antony, Union Defense Minister will lay the foundation Stone of National…
Last week a ship reportedly was diverted to Bermuda following the death of its captain and chief engineer, according to a report on http://bermudasun.bm. Bermuda Maritime Operations were contacted by agents for the Greek ship Aegean Angel. According to a statement…
Barents NaturGass AS reportedly won a contract to supply liquefied natural gas (LNG) to Torghatten Nord AS for seven new LNG ferries in one of Norway’s busiest waterways, according to a report on www.ngvglobal.com. The contract takes into consideration…
Hyundai Heavy Industries, the world’s largest shipyard, expects to boost orders 54 percent in 2011, driven by new ship and offshore demand, according to a recent report on Bloomberg. The news agency, citing a regulatory filing by HHI, reports that new contracts may total $26…
As the maritime industry seeks to expand its presence into Arctic waters, a report today from Russia may be cause for pause.According to an Itar-Tass report, more than 600 crewmembers are aboard the 10 vessels trapped in the ice in the Sea of Okhotsk…
The U.S. Department of Transportation's Maritime Administration will hold three public meetings to gather data and comments for the agency's U.S.-Flag Great Lakes Fleet Revitalization Study. It will include reviewing investment options…
On 10 December 2010, the state commercial court in Arkhangelsk decided in favour of Odfjell and approved our application concerning the recognition and enforcement of the arbitral award filed against Sevmash shipyard. Odfjell has been informed…
Lockheed Martin Corp., Baltimore, Md., is being awarded a fixed-price-incentive contract for the fiscal 2010-2015 block buy of Flight 0+ Littoral Combat Ships (LCS). The fiscal 2010 LCS Flight 0+ ship award amount is $436,852,639. There are additional line items totaling $54…
Wärtsilä introduced a more powerful version for marine applications of its Wärtsilä 32 engine. The engine was first introduced in the 1980s, and to date more than 4000 units have been sold to the marine industry alone. The Wärtsilä 32 engine…
Many ship owners and operators repair ship structures with temporary steel patches known as doublers. The U.S. Coast Guard and Navy, as well as other maritime authorities, usually allow such patches until the ship’s next inspection period, which…
Daewoo Shipbuilding & Marine Engineering aims to secure $11 billion in orders next year, according to a Reuters report. The global news service quoted Sang-tae, chief executive of the South Korean shipbuilder, that the firm took $11,2 billion in orders this year…
The booming shipbuilding industry in is set to get 2bn taka ($28.5mn) refinancing fund as the central bank reviews the plan.According to a report on www.gulf-times.com, a Bangladesh Bank (BB) official said yesterday that the bank was keen…
It might be hard to judge now if the global shipbuilding industry is recovering, but an encouraging story is certainly taking place in China in 2010. According to Clarkson Research Services, China overtakes Korea as the world's top shipbuilder…
STX Finland Oy and Viking Line ABP signed an agreement for the construction of an environmentally friendly, new generation cruise ferry for Viking Line. The agreement includes an option for a sister ship. The contract price is about $315m. The…
Transpetro will launch, by the end of this month, a new bid in view of contracting eight ships to be used for the transportation of oil by-products, in the second phase of the Fleet Modernization and Expansion Program (Promef). Five of those product ships…
