Shipbuilding

SINGAPORE–Keppel Corp. (BN4.SG) Thursday said third-quarter net profit fell 14.7% from a year earlier as a rise in costs outpaced revenue growth. Net

Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), held a ceremonial keel laying today for

RIO DE JANEIRO–Brazilian businessman Eike Batista will buy $500 million in shares of shipbuilding and oilfield services company OSX Brasil S/A (OSXB3.BR)

RIO DE JANEIRO–Brazil’s Merchant Marine Fund has approved additional financing for oilfield services company OSX Brasil SA (OSXB3.BR) to complete

Workers at BAE Systems on Sunday moved the biggest section of HMS QUEEN ELIZABETH, the first of two new aircraft carriers for the Royal Navy, out of the

Damen Shipyards announced today that they have signed a contract with Kuwait Oil Company (KOC) for 14 Damen ASD Tugs. The series consist of two types, with 9

(Bloomberg) — Mitt Romney’s pledge to build 15 Navy vessels a year, up from about nine a year now planned, is a goal that will probably be

STX OSV announced today that Norwegian offshore vessel owner, Siem Offshore has declared options for the design and construction of two additional Offshore

(Bloomberg) — Korea Finance Corp. has bid for its first plane-financing deal and started offering loans to shipbuilders as local companies look for new

With scores of Chinese shipbuilders struggling to stay afloat, some have been forced to diversify their offerings and look to adjacent markets for even the

Damen Shipyards announced today the delivery of two, PSV 4500 platform supply vessels, plus another four which are currently under construction and destined

ATHENS–Greek shipyard workers clashed with riot police Thursday after protesters stormed the country’s defence ministry in a dispute over unpaid

The DNV-classed Far Solitaire (UT 754 WP) was delivered today from the STX OSV Langsten shipyard to its new owner, Farstad Shipping.  Last month, this vessel

Prosafe announced today they have signed a Letter of Intent for the construction of a semi-submersible accommodation rig at Jurong Shipyard Pte Ltd (JSPL) in

On Monday, with support from BAE Systems Southeast Shipyard and Berard Transportation, Austal USA successfully completed the launch process of the recently

TOKYO — Mitsubishi Heavy Industries Ltd. dismissed a local newspaper report Wednesday that it aims to buy a controlling share in a shipbuilding unit of

The Island Innovator, a DNV-classed semi-submersible drilling and well intervention rig was delivered today by COSCO Qidong shipyard to its new owner, Odfjell

Bermuda-based Höegh LNG announced today a new joint venture with STX Pan Ocean that gives each party a 50% stake in the  153,600 cubic meter, tri fuel,

ABB announced today the winning of a $35 million order from the Baltic Shipyard Ltd to supply Azipod propulsion and associated distribution systems for a new

There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50