The U.S. government’s first official study on the economic impact of the nation’s marine economy shows that marine-related sectors contributed nearly $400 billion to the overall U.S. GDP in 2019....

By Elizabeth Low and Jack Wittels (Bloomberg) — Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which...

Japan-based shipping line Ocean Network Express has announced plans for the long-term charter of the world’s largest containerships. The company has signed a Letter of Intent with shipowner Shoei Kisen...

Norwegian shipbuilder Havyard has announced plans ditch newbuilds and focus its operations on ship repair and service. Unfortunately, this will lead to downsizing of about 100 staff at the yard....

Italian shipbuilding group Fincantieri has landed a cooperation agreement with the leading shipbuilder in India to help modernize the country’s defense fleet. The Memorandum of Understanding with Cochin Shipyard Limited...

By Jeannette Neumann (Bloomberg) — Spanish shipbuilder Navantia is stepping up its bet on offshore wind energy, a venture that stands to benefit from the European Union’s fiscal response to...

By Krystal Chia and Annie Lee There’s hardly anyone buying new ships, with orders plunging to a 20-year low due to a potent combination of uncertainty over environmental regulations, the...

SEOUL, June 2 (Reuters) – South Korea’s ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied...

State-owned Qatar Petroleum has entered into shipbuilding agreements with South Korea’s “Big 3” shipyards for the construction of up to 100 LNG carriers valued at more than US$19 billion. The...

BRUSSELS, Feb 10 (Reuters) – Japan launched a second complaint at the World Trade Organization on Monday over support South Korea gives its shipbuilding industry, intensifying a wider dispute between...

Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest shipyard in Croatia. Under the deal, which...

By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU...

SHANGHAI, Nov 26 (Reuters) – China on Tuesday formally established China Shipbuilding Group, which the country’s government-run broadcaster described as the world’s largest shipbuilder. The group’s establishment, reported by China...

By Foo Yun Chee BRUSSELS, Oct 30 (Reuters) – Italy’s bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri’s bid...

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Portland, Oregon-based Vigor Industrial and Norfolk,...

By Alistair Smout LONDON, Sept 12 (Reuters) – Babcock International won a contract to design new Type 31 frigates on Thursday as Britain seeks to revive its once-mighty shipbuilding industry....

General Dynamics NASSCO has been awarded a contract to build up to three more Expeditionary Sea Base ships for the U.S. Navy. The contract, announced Friday by the Department of...

By Yoojung Lee (Bloomberg) — Park Jin-ok was one of the first to take voluntary retirement at Hyundai Heavy Industries Co. after working as a welder for the world’s largest...

U.S. shipbuilder Philly Shipyard has started work on its first government contract, kicking off short-term repair work on the U.S. Department of Transportation Maritime Administration vessel SS Antares. The The...

By Ian Graham BELFAST, Aug 5 (Reuters) – Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to...