Joseph Abeyta, President of Allwater Marine Group, LLC, has joined SAFE Boats International (SBI) as Foreign Military Sales Business Development Consultant to help increase foreign military sales business development growth efforts, SBI announced…
HII president and CEO Mike Petters honored at the Coast Guard Foundation’s Salute to the United States Coast Guard in New York Mike Petters, president and CEO of Huntington Ingalls Industries (HII), was honored by the Coast Guard Foundation…
Groundwork has started on the renovation of a central shipyard complex that be used for outfitting future Royal Navy Successor submarines, British Forces News said. BAE Systems had announced last year a $459 million modernization of the entire shipyard in Barrow-in-Furness…
Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS. Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%…
The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine, has been selected to power a new generation icebreaker currently under construction at the PJSC Vyborg Shipyard…
Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax tankers to a major European oil concern for crude trading operations. The total…
China will build in Karachi four of eight submarines that it is selling to Pakistan, Minister for Defence Production Rana Tanveer Hussain said, reports Dawn. The remaining four will be built in China. China will transfer the technology…
Azerbaijan Caspian Shipping Company expects to get the first of the three passenger vessels being built currently at the Baku Shipbuilding & Repair Plant (Baku Shipyard LLC) until the end of 2015, reports the Trend. The cases of all three…
U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.S. Navy’s newest nuclear attack submarine, at an invitation-only ceremony Saturday…
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships. The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016…
South Korean shipbuilders have ranked first in the world outpacing Chinese and Japanese rivals in terms of new orders in the third quarter of the year, reports Yonhap quoting Clarkson Research Services. South Korean shipyards bagged new orders totaling 2…
Diversified German conglomerate ThyssenKrupp AG has initiated talks to partner Anil Ambani-led ADAG in building up to 12 submarines in a contract expected to be worth Rs50,000 crore ($7.6 billion), reports PTI. ThyssenKrupp, the Germany-based 41-billion euro company…
Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction. The facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with Coordinator…
'Intuitive Weld Management' and 'Innovative methods for leveraging a 3D model' are two of the white papers that representatives from CAD/CAM developer SSI will present this week at the 17th International Conference on Computer Applications in Shipbuilding (ICCAS) in Bremen…
DNV GL's new rules for classification of ships become publicly available online today following a development and review process involving 250 internal experts and more than 800 customers and maritime stakeholders.The result of the combined…
