Newbuild containership, image: Samsung Heavy Industries
In an exchange filing today, Samsung Heavy Industries announced the winning of an order from an unidentified European shipowner for five new, 14,400TEU containerships at a total cost of KRW 621 billion ($583.24 million).
The ships are planned for delivery by the end of September 2016.
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German ThyssenKrupp Marine and Norwegian Ulstein will combine their state-of-the-art technology and local shipbuilding expertise to compete for the construction of Norway’s next generation of frigates. The country’s Navy is looking to acquire five or six frigates to replace the aging Fridtjof Nansen-class vessels.
President Vladimir Putin on Thursday launched a nuclear-powered submarine equipped with hypersonic Zircon missiles capable of traveling at several times the speed of sound.
Alaska's governor will brief U.S. President Donald Trump's administration next week on progress in securing Asian backing for a $44 billion natural gas export project, he told Reuters, part of Washington’s broader push on trade and tariffs.
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