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…
The booming shipbuilding industry in is set to get 2bn taka ($28.5mn) refinancing fund as the central bank reviews the plan.According to a report on www.gulf-times.com, a Bangladesh Bank (BB) official said yesterday that the bank was keen…
It might be hard to judge now if the global shipbuilding industry is recovering, but an encouraging story is certainly taking place in China in 2010. According to Clarkson Research Services, China overtakes Korea as the world's top shipbuilder…
Transpetro will launch, by the end of this month, a new bid in view of contracting eight ships to be used for the transportation of oil by-products, in the second phase of the Fleet Modernization and Expansion Program (Promef). Five of those product ships…
STX Finland Oy and United Shipbuilding Corporation (USC) have formed a joint venture company, which will specialize in arctic shipbuilding technology. An agreement for the formation of the new company, Arctech Helsinki Shipyard Oy, was signed…
The CESA Technical Advisory Committee met at the European Maritime Safety Agency on a series of items related to reduction of emissions from ships. Top industry experts in a number of different technical fields provided detailed presentations…
Today General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE:GD), delivered the fifth ship of its State-class product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Group. The ship is named Evergreen State…
The Board of Directors of the American Shipbuilding Association (ASA) announced today its decision to dissolve the organization effective December 31, 2010. The decision comes after a review of the organization’s charter and changes in the…
In addressing a conference in Nan Tong which included 120 of the world’s leading shipbuilding executives from Japan, Europe, China, Korea and USA (JECKU), CESA Honorary Chairman and Fincantieri chairman Corrado Antonini said in his keynote speech: “Despite signs of recovery in global shipping…
One hundred and twenty leading executives from the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) held a conference to exchange views on global economic development, supply and demand prospects as well as important technological…
A year after a shipbuilding contract dispute emerged between Otto Marine unit Otto Offshore and GC Rieber Shipping ASA, a settlement has been reached.Otto Marine announced that it has entered into a 'mutually beneficial global settlement' with GC Rieber…
