Friday, October 21, 2011
Keppel Corp Shipbuilding
Engineering News

Record Year So Far for Keppel Corp: Shipbuilding Orders Are Up

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its third-quarter net profit rose 33.3% from a year earlier, beating analysts’ expectations, helped by higher contributions from its property and offshore and marine divisions....

October 21, 2011
Total Views: 3

Monday, October 17, 2011

A Canadian Shipbuilding Revolution: $35 Billion Announcement Pending

Contracts will soon be awarded to Canadian shipyards for an aggressive $35-billion shipbuilding project, the largest military procurement in modern Canadian history. The National Shipbuilding Procurement Strategy (NSPS) is a...

October 17, 2011
Total Views: 7

Engineering News

Daewoo Shipbuilding Exceeds Yearly Order Target by $1B

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) has exceeded its annual order target of $11 billion by 9%, helped by two separate contracts totaling $1.95 billion, it said Monday. The...

October 17, 2011
Total Views: 4

Tuesday, August 30, 2011
Lamprell jackup rigs shipyard
Engineering News

Lamprell CEO expects newbuild orders to increase in 2011 [INTERVIEW]

LONDON (Dow Jones)–United Arab Emirates-based oil rig engineer Lamprell PLC (LAM.LN) expects earnings in the second-half of the year to improve on first-half results as Saudi Arabia drives a resurgence...

August 30, 2011
Total Views: 0

Monday, August 29, 2011

Daewoo Shipbuilding CEO: $1.2B order for Indonesian submarines likely

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) expects Indonesia to name the company as the preferred bidder for the country’s submarine building contract in September, Daewoo Shipbuilding’s chief executive said Monday....

August 29, 2011
Total Views: 0

Friday, August 19, 2011
DSME Daewoo shipbuilding stock chart
Engineering News

Daewoo Shipbuilding drops almost 14%, Korean market takes heavy losses

Image courtesy Reuters HONG KONG (MarketWatch)–The South Korean market led the way for hefty stock losses in Asia Friday, as risk appetite evaporated on a fresh wave of concerns about...

August 19, 2011
Total Views: 1

Friday, August 12, 2011
Engineering News

Largest US military shipbuilder reports 2Q profit

(Dow Jones) Huntington Ingalls Industries Inc. (HII) swung to a smaller-than-expected second-quarter profit as lower volume hurt sales. The country’s largest military shipbuilder was spun off from Northrop Grumman Corp....

August 12, 2011
Total Views: 11

Wednesday, August 10, 2011
hyundai merchant marine
Engineering News

Hyundai Merchant Marine to buy 5 container ships worth $643M

SEOUL (Dow Jones)–Hyundai Merchant Marine Co. (011220.SE), South Korea’s No. 2 shipping company by revenue, said Wednesday it will invest KRW695 billion ($643 million) to buy five container carriers to strengthen its...

August 10, 2011
Total Views: 0

Thursday, August 4, 2011
sbm offshore fpso conversion
Engineering News

Keppel wins FPSO conversion contract from SBM Offshore

SINGAPORE (Dow Jones)–Keppel Corp. (BN4.SG) said Thursday its unit has secured two contracts worth a total of S$146 million. As part of the first contract, Keppel Shipyard Ltd. will convert a very...

August 4, 2011
Total Views: 4

Wednesday, August 3, 2011

Marine Air Bags? A Most Unusual Way To Launch A Ship

  To learn more about marine airbags and their use for moving and launching large ships, we reached out to Song Tao of Qingdao Evergreen Shipping Supplies Co.,Ltd. Let’s here...

August 3, 2011
Total Views: 495

Tuesday, August 2, 2011
Engineering News

Sembcorp: “The fundamentals driving the offshore oil industry remain intact”

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Tuesday its second-quarter net profit fell 15% from a year earlier because of a sharp contraction in sales, but the company flagged a...

August 2, 2011
Total Views: 1

Sunday, July 31, 2011
Gerald R Ford aircraft carrier

Huntington Ingalls Awarded $504 Million Aircraft Carrier Contract Modification

Out of the ashes of the once financially troubled Northrop Grumman Shipbuilding, Huntington Ingalls Industries charges ahead with the award of a $504M contract associated with the latest Gerald R....

July 31, 2011
Total Views: 6

Thursday, July 28, 2011
DSME daewoo shipbuilding marine engineering
Engineering News

Daewoo Shipbuilding 2Q Net Down 3.6% On FX Losses, Operating Profit Surges

SEOUL (Dow Jones)–Daewoo Shipbuilding & Marine Engineering Co. (042660.SE), the world’s No. 3 shipbuilder by sales, said Thursday its second-quarter net profit fell 3.6% due to foreign-currency losses as a result of...

July 28, 2011
Total Views: 1

Thursday, July 21, 2011
keppel corporation
Engineering News

Keppel Corp 2Q Net Up 9.3%; Secures Record Rig Orders

SINGAPORE (Dow Jones)–Keppel Corp. Ltd. (BN4.SG) Thursday reported better-than-expected growth in second-quarter net profit after profit contributions from the Singapore conglomerate’s offshore & marine and infrastructure divisions rose, and flagged a positive...

July 21, 2011
Total Views: 0

hyundai steel
Engineering News

Hyundai Steel Expects Shipbuilding Plate Supply Deals With Japan In 2H

SEOUL (Dow Jones)–Hyundai Steel Co. (004020.SE), South Korea’s second-largest steelmaker by sales, said Thursday that it expects to win orders in the second half of the year to supply thick...

July 21, 2011
Total Views: 15

Wednesday, July 20, 2011
Hyundai Heavy Industries shipyard
Engineering News

Hyundai Heavy 2Q Net Down 17% On Year At KRW538.8 Bln

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by orders, said Wednesday its second-quarter net profit fell 17% on year as high...

July 20, 2011
Total Views: 3

keppel corp
Engineering News

PREVIEW: Singapore Rig Builders 2Q Net Likely Steady; Outlook Strong

TAKING THE PULSE: Singapore rig builders are likely to report higher second-quarter net profits amid a steady rise in orders as drillers replace old fleets and step up exploration and...

July 20, 2011
Total Views: 0

Wednesday, July 6, 2011
Argos HDR shipyard

15 Incredible Shipyard Photos

Each month we cover a variety of different photography that pertains to the maritime world around us (you can find many of them in our section Amazing Photos). This time...

July 6, 2011
Total Views: 2149

Wednesday, June 8, 2011

Brazil To Finance Shipyard for Venezuela’s State Oil Company

CARACAS -(Dow Jones)- Brazil’s national development bank, or BNDES, agreed Monday to provide Venezuela’s state oil company with $637 million in financing for the construction of an oil tanker shipyard, according...

June 8, 2011
Total Views: 2

Friday, April 29, 2011
Engineering News

Hyundai Heavy Industries is booming, Q1 Net Profit Up 21.16%

Hyundai Heavy Industries, the world’s biggest shipbuilder, today reported first quarter net profit of KRW 903 billion, an increase of 21.16 percent year-on-year. Sales rose 16.92 percent to KRW 6.3...

April 29, 2011
Total Views: 0