Japanese Shipbuilding Merger Gets Green Light
TOKYO–JFE Holdings Inc. (5411.TO) and IHI Corp. (7013.TO) on Tuesday said they will proceed with a Jan. 1 merger of their shipbuilding operations,
TOKYO–JFE Holdings Inc. (5411.TO) and IHI Corp. (7013.TO) on Tuesday said they will proceed with a Jan. 1 merger of their shipbuilding operations,
Wärtsilä hosted a webinar yesterday on the subject of “Performance Optimization for the Merchant Marine Market” and it was moderated by Atte
Drewry Maritime Research’s latest Annual World Shipbuilding Market Review and Forecast highlights the bleak prospects that are facing the world’s
[Dow Jones] SembMarine’s (S51.SG) new drillship order from Sete Brasil for US$806 million was a pleasant surprise, Barclays says. “The seventh
(Bloomberg) — Two U.S. senators who pressed for the economic sanctions that have reduced Iran’s crude oil exports and earnings have proposed
(Bloomberg) — OSX Brasil SA, the shipbuilder controlled by billionaire Eike Batista, fell to the lowest in more than four months after Petroleo
Damen Shipyards says it has finalized an 11-vessel order for Australia’s DMS Maritime that has culminated with an order for a Rescue Gear Ship which will
Sembcorp Marine’s 7th Brazilian drillship newbuild order has just been secured at a contract value of US$806.4 million. Ordered by Sete
The head of Huntington Ingalls Industries Inc. (HII) said Wednesday that it is still looking for partners to convert a Louisiana naval shipyard earmarked
During a ceremonial party last Wednesday 21st of November Damen Shipyards signed the contracts for another 4 vessels. Damen Shipyards invited all the workers,
Wärtsilä announced today they have been contracted to supply an integrated engineering solution to an LNG-powered Platform Supply Vessel (PSV) newbuild
Hamburg/Germany– Ships and offshore units are specialist structures with high requirements for efficiency and availability throughout their entire life
German ferry operator Scandlines said Tuesday that the company has decided to cancel contracts for two newbuild ferries with insolvent German shipyard, P+S
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,
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