Juha Heikinheimo has resigned from the position as President of STX Finland Oy. He will be replaced by Su-Jou Kim, who currently holds the position as Chairman of STX Finland. Su-Jou Kim will be temporary acting President of STX Finland.Despite…
Onboard-Napa Ltd. signed an agreement with Daewoo Shipbuilding & Marube Engineering Co. Ltd.(DSME). The agreement specifies the co-operation with sales, model creation and delivery of the environment-friendly NAPA-DSME Power software for DSME…
On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku shipyard…
SAN DIEGO – General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), today launched the U.S. Navy’s newest supply ship, USNS William McLean (T-AKE 12), during an evening christening ceremony at the shipyard. The USNS…
Bollinger Shipyards appointed Charles 'Skip' Bowen as Program Manager for the FRC “Sentinel” Class Patrol Boat building program at Bollinger’s Lockport facility. Bowen joins Bollinger following a 32 year career with the United States Coast Guard…
Wilhelmsen Ships Service has celebrated a major milestone in its Liferaft Exchange Programme (LRE) as the 10,000th Unitor liferaft joins the company’s liferaft rental fleet.The LRE concept, which exchanges service-due liferafts for operational ones…
Austal USA held a combined groundbreaking ceremony today, to celebrate the start of work on three new facilities including Phase 2 of the Modular Manufacturing Facility (MMF); a new office complex; and an additional waterfront Assembly Bay.The…
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…
