Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg. The Big Three shipbuilders in South Korea…
SAFE Boats International (SBI) announced it has hired Paul Ouellette as its new business development director for the U.S. East. Ouellette joins SBI as a recently retired Major for the Florida Fish & Wildlife Conservation Commission (FWC)…
The COMPIT annual edition took part this year from May 11-13 in Ulrichshusen, Germany, with the participation of SENER. This event is an International Conference on Computer Applications and Information Technology in the Maritime Industries that takes place every year in Europe…
Shipping group CMA CGM has taken delivery of the newbuild box ship CMA CGM Vasco de Gama [sic] on July 27. Built by China State Shipbuilding Corporation (CSSC), the 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, is the…
The chairman of Shenzhen-listed Sainty Marine, Wang Shuhua has delivered his resignation amid the company's deteriorating financial situation, according to an exchange filing. Wang, 48, took the helm as the president by the controlling shareholder of Sainty Marine…
The South Australian Government has outlined three key points on shipbuilding it wants addressed by the Commonwealth's Defence White Paper next month. It wants (1) a minimum 70 per cent Australian worker participation in the building, similar to the Collins Class submarines…
Navig8 Chemicals is pleased to announce the delivery of Navig8 Amessi, the eleventh of eighteen ECO 37,000dwt chemical tankers constructed at Korea's Hyundai Mipo Dockyard ('HMD'). We welcome the latest addition to our growing pool:Vessel…
Dorian LPG Ltd. an owner and operator of modern Very Large Gas Carriers (VLGC), reported today that it took delivery of the ECO VLGC Continental from Hyundai Samho Heavy Industries.Continental is Dorian LPG's seventh newbuilding delivery and will be operated in the Helios LPG Pool.
Yesterday senior representatives of Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group who gathered at Damen Shipyards Galati, Romania witnessed the launching of subsea support vessel Maersk Connector. The vessel is owned and…
General Dynamics received a $20 million contract modification from the U.S. Navy to continue modernizing the AN/BYG-1 Weapons Control System (WCS) Technology Insertion and Advanced Processing Build software for U. S. Navy and Royal Australian Navy submarines…
Turkish shipyard Alia Yachts has launched the 41.29 metre full-displacement motor yacht Rüya. She is a tri-deck sub-500 gross tonne motoryacht that was built in all-composite to Lloyds Register standards and adheres to LY2 and MCA. Following a build period of just over two years…
Layoffs at Newport News Shipbuilding could top 1,500 from now through 2016 as the company copes with a temporary drop in work, the company president told employees this week. In a letter to the workforce, President Matt Mulherin said layoffs will exceed 500 people this year…
The second of two 80-meter ice class Ro-Pax ferries - the MV Legionnaire - has been launched at Damen Shipyards Galati, Romania. The naming was performed by Lori Anne Companion, Deputy Minister at the Department of Transportation and Works of the Government of Newfoundland and Labrador…
Eastern Shipbuilding Group, Inc. delivered the M/V Rena Marie (Hull 191), the 61st 90-foot inland towboat to Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program.Florida Marine Transporters…
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have planned to reorganize their their Nagasaki Shipyard & Machinery Works and Nagasaki Works respectively. The coordinated decisions are aimed at further strengthening global competitiveness…
