Indian Government has initiated procedures for sale of shares of Cochin Shipyard Limited (CSL) by seeking expression of interest (EoI) from merchant bankers to manage the initial public offering (IPO). The listing will involve the sale of some 33…
VARD’s new LNG tank design has been granted General Approval for Ship Application (GASA) by DNV GL. The new LNG-type B-tank design is based on vertical cylindrical-shape geometry and has a patented support design.The tank is the result of…
The Navy will christen its newest Freedom variant littoral combat ship, USS Sioux City (LCS 11), during a 10 a.m. CST ceremony Saturday, Jan. 30 in Marinette, Wisconsin. Sioux City, designated LCS 11, honors the city of Sioux City, Iowa. Adm…
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address…
General Dynamics Electric Boat expects to hire nearly 4,000 people in the coming years as it ramps up production on Navy submarines, the Associated Press reports. Electric Boat is projecting a positive outlook for 2016 for revenue and employment…
Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors. A new company, Fairline Acquisitions, funded by two UK-based Russian investors with a background in the marine sector, is to…
While the containershipping market continues to welcome a fleet of modern, mammoth efficient ships to the fold, it will struggle in 2016 with low supply growth that will test its mettle, according to a recent analysis from BIMCO.Overall, container…
Relying on more than four decades of experience and activities in the maritime and energy markets, including the design of a Floating Regasification and Storage Units (FSRU), SENER technology and engineering Group has developed its own design of a Liquefied Natural Gas (LNG) bunkering vessel…
As a bid from Germany’s ThyssenKrupp Marine Systems (TKMS) loses ground over technical concerns, the competition for a A$50 billion ($34.55 billion) contract to build Australia’s next submarine fleet is narrowing to a race between Japan and France…
Fueled by liquefied natural gas, the Perla Del Caribe will join its sister ship, the Isla Bella, as the greenest containerships in the world. U.S. shipbuilder General Dynamics NASSCO today delivered the world’s second containership to be operated by liquefied natural gas (LNG)…
US Navy has christened its Virginia-class attack submarine, SSN 801, as the USS Utah in honour of the history its namesake state has had within the navy. The attack submarine is the second naval vessel to have been named after Utah, with the first being the battleship BB-31…
Huangpu Wenchong Shipbuilding has secured newbuild contracts for a 17,000dwt asphalt carrier and a 38,800dwt bulk carrier. The eco-friendly bulk carrier is scheduled to be delivered from the shipyard by end-2017. Financial details of the deal were not disclosed…
YCMP becomes MAN Diesel & Turbo’s latest Chinese licensee At a ceremony in Zhuhai, Guangdong Province on January 16, 2016, local engine builder Yuchai Marine Power Co., Ltd. (YCMP) signed a new license agreement with MAN Diesel & Turbo for the production of MAN B&W-branded…
Defining “industrial personnel”, such as workers transported on offshore service vessels, is among the topics on the agenda of International Maritime Organization (IMO)’s Sub-Committee on Ship Design and Construction (SDC). People travelling…
The first of two SIGMA 10514 Perusak Kawal Rudal (PKR) guided-missile frigates under construction for the Indonesian Navy (TNI AL) has been launched by PT PAL’s Surabaya Shipyard. The SIGMA 10514 Perusak Kawal Rudal, built in collaboration with Damen Schelde Naval Shipbuilding (DSNS)…
