With Shipbuilding Orders Down 40%, Hyundai Heavy Will Not Meet 2012 Targets
SEOUL–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, on Thursday posted a 35% slump in third-quarter operating
SEOUL–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by sales, on Thursday posted a 35% slump in third-quarter operating
Wärtsilä announced today that they have been awarded the contract to supply integrated power and automation systems for two new icebreakers being built
General DynamicsNASSCO on Wednesday delivered the USNS Cesar Chavez (T-AKE 14) to the U.S. Navy, marking the completion of a highly successful U.S.
Construction of the world’s largest ship is picking up speed. Recently, the very first propeller was loaded onto the Maersk Salalah container ship in
American Petroleum Tankers (APT) announced today that it has signed a commitment to build two new state-of-the-art product tankers at the National Steel and
Netherlands-based Iskes Towage & Salvage accepted delivery today of the first ever Damen Shipyards-built Hybrid tug at a signing ceremony at the Offshore
Rolls-Royce announced today they have won a £24 million order to design and equip four platform supply vessels (PSVs) for Brazilian ship owner Bravante Group,
Jiangsu Zhenjiang Shipyard recently launched the 84.8m SEALINK 179, an ABS-classed Multi-Purpose, Anchor Handling Supply Vessel (MPAHSV) built for Sealink
On October 19th, a launching ceremony of a RST27 Project Tanker Product-Carrier took place at Ukraine’s Kherson Shipyard (KSY), a division of Smart
(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. jumped by a record in Hong Kong trading as a new manager and an order to build a
ABB recently delivered four Azipod C propulsion systems for the Blue Ocean II Wind Turbine Installation Vessel built by Samsung Shipyard in Korea. This is a
On 17 October, a naming and delivery ceremony was held at Namura Shipbuilding Co. for the Shagang Sunshine, a new 250,000 DWT, WOZMAX ore carrier. This is
Seaspan Marine today broke ground on a $200 million re-development and facilities upgrade at its Vancouver Shipyard facility that will help the yard fulfill a
Austal held a keel-laying ceremony today for the third Independence-variant Littoral Combat Ship (LCS) – Jackson (LCS 6), one of five Austal-designed
LONDON–Royal Dutch Shell PLC (RDSA) said Thursday that major construction had begun on the world’s first floating vessel that will use new
Reflecting its renewed competitiveness in the international market for small and medium-sized commercial vessels, Austal announced today that they have
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
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