Shipyard News

MAY 8, 2013 — Subsea 7 S.A. (Oslo: SUBC) has signed a contract with South Korean shipbuilding giant Hyundai Heavy Industries for a newbuild heavy construction vessel for delivery in 2016. Executive VP Commercial Steve Wisely (left) says the contract is "another investment in our world class leading fleet so that we can continue to meet our client ...

MAY 3, 2013 — The Balboa, Panama, shipyard that formerly operated as Astilleros Braswell is back in operation after two years of inactivity. In January, Panama's Comptroller General approved a 20 year contract for operation and administration of the yard to locally-owned MEC Shipyards. This is the first time in its history that ...

MAY 3, 2013 — Goltens has celebrated the opening of its new facility in Dubai Maritime City with a formal Grand Opening.  "We are delighted at the Grand Opening of the modern state-of-the-art Goltens faciity," said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World. "Goltens is spearheading the su ...

MAY 3, 2013 — Singapore's Sembcorp Marine today reported a 5 percent growth in net profit from Singapore S$113 million in 1Q 2012 to S$119 million in 1Q 2013. Group turnover for the first quarter of 2013 registered an 11 percent increase to S$1.1 billion as compared with S$943 million for the corresponding period i ...

MAY 2, 2013 — Mexico's national oil company, Pemex, yesterday signed a letter of intent with Spanish shipbuilder Hijos de J. Barreras (Astilleros Barreras) and its three shareholders agreeing terms for it to take a 51 percent share in the company. Astilleros Barreras, whose shipyard is located in Vigo, northwest Spain, is in the proce ...

MAY 1, 2013 — Austal Limited (ASX:ASB) says that it is transferring service operations from its satellite service base at Henderson, Western Australia, to its nearby primary shipbuilding facility to reduce overhead costs and drive margin growth for both its shipbuilding and service operations. It is also closing its Spanish service busi ...

APRIL 30, 2013 — Algoma Central Corporation (TSE:ALC) reported today that the London, U.K., Arbitration Tribunal hearing a shipbuilding contract dispute involving Algoma Tankers International Inc., a wholly owned subsidiary of Algoma Central Corporation, has found in favor of Algoma. In 2007 the corporation, through its wholly ...

APRIL 23, 2013 — Japanese media report that Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. are close to starting talks on integrating their business operations. A merger would create a shipbuilding and heavy engineering giant with, according to newspaper Asahi Shimbun, "1.8 trillion yen ...