Shipyards Incentivized: Expect Yards to Expand Orderbook and Maintain Production
Shipowners, investors and analysts, who have been expecting for some time to see the dry bulk orderbook, as well as the overall shipping orderbook, to decline
Shipowners, investors and analysts, who have been expecting for some time to see the dry bulk orderbook, as well as the overall shipping orderbook, to decline
The dry bulk shipping market continues to see the fleet and orderbook grow. In January 2014, the worldwide capacity of dry bulk vessels grew by nearly 8
Shanghai Zhenhua Heavy Industries (ZPMC) won a $400 million order over the weekend to build a pair of high specification Friede and Goldman JU-2000E jack-up
COSCO (Guangdong) Shipyard Co. secured a contract today valued at over USD $57 million to build two, 4500 square meter livestock carriers. The order was placed
VARD Holdings has announced it has been awarded two contracts for the design and construction of two offshore vessels for return customers Bourbon Offshore and
Russian Deputy Prime Minister Dmitry Rogozin announced on Saturday that Russia’s Ministry of Defense had given Rosneft the approval to go ahead with a
The smile on Mr. Y.J.Ji of Hyundai Heavy Industries (HHI) pretty much says it all. His company just signed a newbuild order today with United Arab Shipping
COSCO Holdings announced today the placing of a newbuild order with Shanghai Jiangnan Changxing Shipbuilding Co. Ltd, for five, 9,400 TEU containerships. The
Singapore's Keppel Corp Ltd , the world's top offshore drilling rig builder, boasts an $11 billion order book that will likely lift profits this year as those
Here is a timelapse video showing the recent launch of the SX121 design ‘Polar Onyx’ Offshore Construction Vessel (OSV) at the Ulstein Verft
In an emailed statement this morning that didn’t include any executive commentary, Scorpio Bulkers Inc. (NYSE: SALT) announced $1,171 million in
British Virgin Islands-based firm Prosperity Investment Ltd has entered into an agreement today with China State Shipbuilding Corporation to build four, 64,000
The 23,000 DWT multipurpose cargo vessel Reggeborg was successfully launched this week at the Fersus Smit yard in Leer, Germany. The vessel is the second of a
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) announced today the winning of a newbuild order for six, 10,000 TEU containerships
In the last week, the Chinese government announced a series of subsidies for the local shipping market. In general the program has as follows: Chinese
Samsung Heavy Industries confirmed today $300 million in newbuild orders have been placed for a pair of product tankers and a Liquefied Natural Gas Floating
Singapore's Keppel Corporation Ltd, the world's top offshore drilling rig maker, said it plans to build its first drillship despite not having a buyer lined
Canadian police have arrested a man and charged him with trying to leak classified information related to the country’s national shipbuilding strategy
Dry bulk shipper STX Pan Ocean has placed an order today for two Capesize bulk carriers from Hanjin Heavy Industries. The vessels, due for delivery by the end
BAE Systems Plc, Europe’s largest defense company, will cease warship production at the historic Portsmouth site on the English coast and eliminate
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