March 23 (Tokyo) – ClassNK Chairman and President Noboru Ueda recently spoke at the CMA Shipping 2011 conference held in Stamford, Connecticut in the U.S. from 21 through 23 March 2011. Mr. Ueda spoke as the Chairman of IACS on the topic of…
The U.S. Navy announced a fixed price incentive contract for the construction of a fourth 127-meter trimaran Independence-class Littoral Combat Ship (LCS 8) valued at $368.6m. This is the second ship awarded under Austal’s recently announced U…
While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner have teamed with Seaspan Corporation…
Hamburg, 22 February 2011. On Monday, 21 February 2011, as part of a customer event, Hamburg Süd christened the “Santa Isabel” in Singapore. She is the second of ten identical container vessels with a capacity of 7,100 TEU each. This makes them not only the largest ships ever built for Hamburg Süd…
Maersk Line signed a contract with 's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 of what the company terms as the world's largest and most efficient vessels, with an option for an additional 20 vessels. Scheduled for delivery between 2013 and 2015…
Costamare Inc. (NYSE: CMRE) announced that it has contracted with Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships, each of about 9,000 TEU capacity. The two newbuildings are expected to be delivered by the end of 2012…
Industry concerns over the glut of newbuilding deliveries last year may have been overplayed as the three major shipping market segments - dry bulk, container and tanker - avoided significant oversupply, according to figures released by Braemar Seascope…
The National Iranian Tanker Company (NITC) based in continues to invest significantly in its fleet of ships, aiming to grow its fleet to 74 ships and more than 18mdwt by 2013, said Captain R. Ghareh, Area Manager based in the company’s Dubai…
When it comes to shipbuilding, welding is a vital and fundamental manufacturing process in the construction of ships and metal hull boats. At the American Welding Society (AWS) 6th Annual Charting the Course in Welding: US Shipyards Conference…
Rolls-Royce announced the contract to supply gas turbines and waterjets for 10 of the U.S. Navy’s Littoral Combat Ships (LCS) – the Group’s largest ever marine naval surface ship contract. Designed to operate in combat zones close to the shore (littoral waters)…
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding Corporation, to build four LNG carriers in…
Hyundai Heavy Industries, the world’s largest shipyard, expects to boost orders 54 percent in 2011, driven by new ship and offshore demand, according to a recent report on Bloomberg. The news agency, citing a regulatory filing by HHI, reports that new contracts may total $26…
On 10 December 2010, the state commercial court in Arkhangelsk decided in favour of Odfjell and approved our application concerning the recognition and enforcement of the arbitral award filed against Sevmash shipyard. Odfjell has been informed…
Many ship owners and operators repair ship structures with temporary steel patches known as doublers. The U.S. Coast Guard and Navy, as well as other maritime authorities, usually allow such patches until the ship’s next inspection period, which…
Daewoo Shipbuilding & Marine Engineering aims to secure $11 billion in orders next year, according to a Reuters report. The global news service quoted Sang-tae, chief executive of the South Korean shipbuilder, that the firm took $11,2 billion in orders this year…
