BAE Systems’ shipyard in Alabama has begun construction on the first of two platform supply vessels (PSVs) for GulfMark Americas, Inc. Executives and employees from both companies gathered recently at the BAE Systems’ facility in Mobile to oversee…
Strategic Marine also delivers fourth of eight windfarm service supply ships for UK operator in Singapore.Strategic Marine, a specialist shipbuilder with operations in Singapore, Australia and Vietnam, will build the Long Term Ashmore Capability…
Viking River Cruises (www.vikingrivercruises.com) set a world record with the christening of 10 new Viking Longships. Reported to be the first-of-its-kind simultaneous christening ceremony in Amsterdam debuted the ships: Viking Aegir, Viking Atla…
Soon after opening an office in Stavanger, Damen Shipyards is set to deliver a 2nd Stan Tug to a Norwegian owner, EB Marine A/S. This latest order for a Stan Tug 1204 comes after Damen Shipyards opened the office in October 2012 to serve the…
China Shipping Development Co. to order six liquefied natural gas (LNG) to tap the nation’s rising demand for cleaner fuel.The addition of the tankers comes as the world’s largest energy consumer plans to more than double natural gas consumption to cut its dependence on coal and oil…
BAE Systems’ shipyard in Florida to build two additional platform supply vessels (PSV's) for Jackson Offshore Operators under a contract option.The new vessels, which will service offshore drilling operations in the Gulf of Mexico, reflect BAE Systems’ continued growth in U…
AET takes delivery of a second 'eco-design' VLCC that is fully compliant with the IMO Ballast Water Management Convention.Named Eagle Varna, this 320,000dwt vessel is fitted with a range of innovative technology that significantly reduces its fuel consumption and associated emissions…
A few months after opening an office in Stavanger, Damen Shipyards is set to deliver a second Stan Tug to a Norwegian owner - EB Marine A/S - a family-owned diving company, which is one of the oldest diving companies in Norway. This latest order…
Risk is at the heart of all financial transactions. That said; in cases of Mergers and Acquisitions, buyers and sellers of companies can and do have contrasting goals and very different notions of risk in a deal. Sellers often take their company or division to market in order to reduce risk…
The director of the Navy staff spoke at the 'Navy Now Forum' which aims to enhance the Navy & industry relationship.Vice Adm. Richard Hunt discussed the progress the Navy's LCS Council has made in furthering the development of integrating LCS ships into fleet operations…
The province's $260-million loan to Irving Shipbuilding will be 'forgivable' if the shipyard & its direct sub-contractors create 4,000 jobs in Nova Scotia, The government's assistance package, revealed in March 2012, includes the forgivable…
HII's Newport News Shipbuilding (NNS) division celebrates the keel-laying of US Navy Virginia-class submarine 'John Warner'.The keel has been laid for John Warner (SSN 785), the only Virginia-class submarine to bear the name of a person…
The New England Institute of Technology said it will launch a new program for unemployed people in shipbuilding and other maritime high-skill trades, necn.com reported.WPRO-AM reported the program will be based at the school’s campus in Warwick and is due to start this summer…
And Why Knowing the Answer is Critical to Your BusinessOn December 23, 2012, the restrictive measures against Iran contained in Council Regulation (EU) No 1263/2012 came into force. The measures supplement those already contained in Regulation 267/2012 of March 23…
Managing the risks associated with a new ship acquisition, whether commercial or military, can be a daunting process. For the commercial operator, the new ship must make a reasonable profit after the cost of design and the annual operating costs are accounted for…
