Shipbuilding

After reporting two straight years of losses, and nearly 24 months without a single shipbuilding contract, Singapore-based Otto Marine has just been awarded a

d’Amico International Shipping S.A. announced yesterday the signing of new build contracts with Hyundai Mipo Dockyard for a pair of 50,000 DWT Medium

LR-classed Alexandros and Aristotelis are the first of five new 5,000 teu super-efficient new ships, all to be delivered from HHI Gunsan by June 2013, that

Singapore’s Keppel Corporation said Tuesday that it has terminated a deal with Ukraine’s state-run oil and gas company, Naftogaz, that called for

As a new wave of “eco-ships” enters the market, skepticism abounds about whether or not they deliver the benefits that they claim. There is concern

NYSE-listed Scorpio Tankers (STNG) on Thursday announced that it has reached an agreement with Hyundai Samho Heavy Industries Co., Ltd. to construct two larger

ULSTEIN has entered into a contract for the delivery of design and power package for two platform supply vessels of the PX121 design for the Dutch shipowner

By Oleg Vukmanovic and Joyce Lee LONDON/SEOUL, March 6 (Reuters) – South Korean shipbuilder Samsung Heavy Industries on Wednesday cancelled a $2.39

Ulstein Verft delivered Blue Power today, the third of six medium-sized Ulstein PX121 platform supply vessels (PSV) to Blue Ship Invest, a wholly-owned

Ferus Smit shipyard in Westerbroek, The Netherlands launched the M/V Volgaborg today, the third of three multipurpose cargo ships built for Wagenborg Shipping.

The specialized and offshore vessel designer and shipbuilder formerly known as STX OSV Holdings Limited will now be officially known as VARD, the company said

Tony Capaccio (Bloomberg) — Lockheed Martin Corp. and Austal Ltd. today received a combined $1.38 billion in orders for continued purchases of the

On 25 January 2013, the Media Luna, a newly-built AVT 3000 Class Voith Schneider tug sailed into Puerto de Bolivar, Colombia after voyaging under her own

(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic

UAE-based rigbuilder Lamprell (ticker: LAM), announced today that James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Group. Peter

MONACO – New York-listed Scorpio Tankers (STNG) on Thursday said that it has exercised options for the construction of four fuel-efficient MR product

(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against

The jack-up drilling market continues to show strength today with the latest order by Perisai Petroleum Teknologi Bhd. for a Pacific Class 400 newbuild rig

U.S. President Barack Obama looks at the bow sections of the USS John Warner before speaking at Newport News Shipbuilding in Newport News, Virginia on February

(Bloomberg) — Bergen Group ASA, a Norwegian shipbuilder and offshore services company, would consider offers for one or both of its two remaining