Shipbuilding

China Ocean Shipbuilding Industry Group Ltd warned shareholders and prospective investors today: Based on the preliminary review of the unaudited management

A 50/50 joint venture between DOF Subsea and Technip has just won a USD $3.4 billion contract from Petrobras for the construction and operation of four new

Aug. 12 (Bloomberg) — China grew into the world’s leading shipbuilder over the last decade as hundreds of private yards opened to compete with

Five more lawsuits have been filed this week against Signal International LLC, accusing the shipbuilder and its network of recruiters and labor brokers of

IHC Merwede announced today over €1 billion in new orders have just been received for the design, engineering and construction of six, 550-ton pipelay

Aker Philadelphia Shipyard (APSI) and Crowley Corporation have announced today a partnership to build four Jones Act-compliant, 50,000 dwt, 330,000-barrel

By Rujun Shen SINGAPORE, Aug 7 (Reuters) – Yangzijiang Shipbuilding (Holdings) Ltd, China’s second-largest listed shipbuilder, is standing tall in

Aug. 7 (Bloomberg) — China widened its lead over South Korea as the world’s biggest shipbuilding nation as state-backed yards won contracts for

Aug. 5 (Bloomberg) — China issued a three-year plan to urge financial institutions to support its troubled shipbuilding industry, the world’s

In the absence of significant demand for large high speed ferries, Incat Tasmania marks their entry into the offshore industry with the receipt of their latest

Singapore-based rig builder Keppel FELS announced today they have secured their 66th jack-up rig newbuild contract since 2000.  Uruguayan firm, Parden Holden

KUALA LUMPUR, Aug 1 (Reuters) – Malaysia’s Petronas will directly procure newbuild liquefied natural gas (LNG) ships to bring down costs, the state

Seadrill Limited entered into new contracts today for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore

Rongsheng Heavy Industries announced in a stock filing today their plan to issue HK$1,400,000,000 (USD $180 million) in convertible bonds in an effort to help

Houston-based deepwater well intervention firm, Helix Energy Solutions Group, Inc. (NYSE: HLX), has announced their plans to build the Q7000, their

Teekay LNG Partners L.P. (NYSE:TGP) has announced that it has exercised two of its three existing options with Daewoo Shipbuilding & Marine Engineering

The lead ships classed by Lloyd’s Register incorporate advanced design, containment and operational features as well as the ability to cope with the

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced Wednesday $9.46 million to help improve 12 shipyards in 10 states.

One should not expect that shipyards in China will disappear so quickly. For the most part, shipyards in Jiangsu, China’s largest shipbuilding province,

By Rujun Shen and Ruby Lian SINGAPORE/SHANGHAI, July 23 (Reuters) – Banks have tightened lending to Chinese shipyards, putting more pressure on an