shipbuilding

In their second contract announcement so far today, Norway-based STX OSV adds to their offshore vessel newbuild orderbook with a NOK 650 million contract for

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) Monday said it had got a new contract for the construction of an advanced subsea support vessel for

RIO DE JANEIRO (Dow Jones)–South Korea’s Samsung Heavy Industries Co. (010140.SE), the world’s second-largest shipbuilder by sales, sold its

Rolls-Royce Marine received an order today from Korean shipbuilder Hyundai Mipo Dockyard Co, Ltd. to design and equip four deepwater platform supply vessels

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) on Tuesday said it has secured a US$385.5 million order to build a semisubmersible well intervention

SHANGHAI (Dow Jones)–China aims to increase annual sales by domestic shipbuilders to CNY1.2 trillion (US$189.7 billion) by 2015 as it works toward its

RIO DE JANEIRO (Dow Jones)–Brazilian oil field services company OSX Brasil S/A (OSXB3.BR), part of Brazilian businessman Eike Batista’s industrial

Hyundai Mipo has reportedly won a $198 million newbuild order from an undisclosed European client for 4 platform supply vessels.  The report from the Thai

RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up

The Korea Times and Yonhap news reports today that South Korea’s Hyundai Heavy Industries (HHI) has cumulatively built over 100 million tons of ships

WASHINGTON – U.S. Senator Herb Kohl (D-WI) questioned Secretary of the Navy Ray Mabus about the future of the Littoral Combat Ship (LCS) program during a

According to China’s state-owned news company, Xinhua, 4 workers have died following a boiler explosion on board a bulk carrier at the Zijinshan

HONG KONG (Dow Jones)–The global slowdown in the shipping industry is claiming more victims and industry experts expect more defaults in the coming

SINGAPORE (Dow Jones)–The chairman of Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) said Thursday he doesn’t expect the yuan to appreciate more

– By Luiz Gustavo Cruz, Contributing Writer, MTS Logistics The great days of the shipping industry in Brazil were gone a long time ago. Big shipping

SINGAPORE (Dow Jones)–Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a

Hamilton, Bermuda – Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd.’s (S51.SG) fourth-quarter net profit fell 4.3% mainly because of lower operating profit from rig

A new generation of 37,000-tonne tankers have been ordered for the Royal Navy fleet, the Ministry of Defense announced today. The new Military Afloat Reach and

Djibouti’s busy port is one of the most important gateways to the African continent and is strategically located at the confluence of the Red Sea and the