Shipbuilding

By Sanjeev Rana, Deutsche Bank  Global Shipbuilding Downturn Continues Global shipbuilding industry has been going through a downturn for the last four

LONDON–U.K. defense company BAE Systems PLC (BA.LN) will likely close one of its shipyards, with a decision expected before Christmas, the Sunday

SHANGHAI–A Chinese shipbuilding magnate stepped down as chairman of two companies, weeks after an investment firm he controls paid US$14.2 million to

Over 150 representatives of the global maritime industry attended the Royal Institution of Naval Architect’s annual Presidents Invitation Lecture in

0618 GMT 22 November [Dow Jones] STOCK CALL: Keppel’s (BN4.SG) stock faces “a tug of war between good contract wins and margin concerns,” UOB

AMSTERDAM-based Oranjewerf Ship Repair appears to be a fast mover. Last Friday, the Damen Shipyards branch acquired the order to overhaul the former radio

Earlier in November, Korea’s Hyundai Mipo Dockyard (HMD) delivered a highly innovative vessel named the King Gregory, a Lloyd’s Register-classed,

Norwegian oil and gas exploration and production service provider Fred. Olsen Energy ASA (FOE.SE) said Wednesday it has decided not to exercise the option for

Louisiana-based Otto Candies said this week that it will be working with Norway’s Marin Teknikk on a new subsea support and construction vessel (SSCV) to

By Anna Miars, Unlike the samba beats that punctuate the late night air in Rio de Janeiro, it’s the clamor of construction equipment and hum of machinery

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. said a new offshore-energy equipment unit may generate 50 percent of its orders over

Prosafe finalized a US$295.2 million contract today with Jurong Shipyard to build the second unit of a new generation harsh-environment accommodation

RIO DE JANEIRO—-The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it

SAN DIEGO–General DynamicsNASSCO on Tuesday completed the complex float out operation for the U.S. Navy’s first Mobile Landing Platform (MLP) ship,

MODEC, a Tokyo-based offshore engineering contractor announced today that Petrobras signed a Letter of Intent with them for the supply, charter, and operations

The Emma Maersk and her E-class of sister containerships have had their day in the sun, but there’s now an even bigger kid on the block named Marco Polo

(Bloomberg) — Huntington Ingalls Industries Inc. fell after the U.S. Navy’s sole builder of aircraft carriers reported third-quarter profit that

Singapore-based shipowner Britoil Offshore Services Pte Ltd. entered into a contract today with the Ulstein Group for the design and equipment packages for two

(Bloomberg) — The former head of Petroleo Brasileiro SA’s refining division is negotiating with a group of investors to build a shipyard in

Last week US Fab, a Vigor Industrial company, won the contract to build American Construction Co., Inc.’s newest vessel, a 242’ x 54’,