Debt-laden Bharati Shipyard Ltd on Tuesday said it has filed a reference with the Board for Industrial and Financial Reconstruction (BIFR), since it has become a sick company after eroding its entire net worth. 'The Company's Net Worth as on March 31…
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 35th Annual Salute to the U.S. Coast Guard will honor Mike Petters of Huntington Ingalls…
SAFE Boats International (SBI) has been awarded a contract modification to provide the United States Navy two (2) additional Mk VI Patrol Boats (Mk VI PB). The contract modification exercises the options available on the second Mk VI procurement contract…
Global military reported that recently a Chinese “Yuan” class conventional submarines docked news in Pakistan, once again hurt the Indian Navy submarine fleet. The Hindustan Times said terms of size, the Chinese Navy submarine force is four times that of India…
The U.S. Navy has given Newport News Shipbuilding a $106 million contract to provide engineering and industrial support for submarines. Huntington Ingalls Industries, parent company of Newport News Shipbuilding, said the contract will be worth a total of $564 million…
Crystal Cruises announced an expansion plan under new owners Genting Hong Kong that includes three 1,000-passenger vessels, its first new ships in decades. Plus, Crystal will expand into adventure, yacht and river cruising, and luxury jet trips…
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering said it has received an order for a new LNG carrier from a ship management specialist Chandris of Greece. The new deal calls for Daewoo to deliver the LNG vessel, able to carry 173…
U.S. 6th Fleet’s operational logistics arm – Commander, Task Force 63 – was selected as the 2014 recipient of the prestigious Admiral Stan Arthur logistics award for “logistics team of the year,” according to a notification released by the Chief of Naval Operations July 14…
The Navy’s newest littoral combat ship (LCS), the future USS Little Rock (LCS 9), will be christened Saturday, July 18, during a 10 a.m. CDT ceremony at Marinette Marine Corporation's shipyard in Marinette, Wisconsin. The event will be webcast live at http://navylive…
Mumbai-based Shreyas Shipping and Logistics Ltd (SSL), part of global conglomerate Transworld Group, has acquired two container ships to boost its fleet to 8 vessels from earlier 6 vessels. In a filing to the stock exchange, the company…
Gemeco Marine Accessories, world-leading experts in the selection, placement and technical support for marine transducers and NMEA networking products, announced today its partnership with non-profit organizations, the Impossible Dream and…
When it comes to innovation in new boats, few hold a better record than the Norwegians. As pioneers in the salmon farming industry they have several decades of innovation in maintaining the farms and in transporting fish from farm to market as well as developing work vessels to support the farms…
South Australian defence shipbuilding company ASC has axed 101 blue collar jobs from its facility at Osborne near Port Adelaide. The submarine and shipbuilder ASC has let go 101 contractors from its facility in Adelaide in a move it says…
Cosco Corporation has warned investors of an expected net loss for the second quarter ended 30 June 2015, as against a profit in the previous corresponding period. The company said the loss is mainly due to the low crude oil prices over…
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
