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DECEMBER 17, 2014 — L-3 Communications (NYSE:LLL) says it has entered into a definitive agreement with Wärtsilä Corporation to sell its Marine Systems International (L-3 MSI) business. The transaction is anticipated to be completed in…
DECEMBER 17, 2014 — After being awarded a five year framework agreement by Technip Norge AS, Norway's Farstad Shipping ASA has signed a contract with Vard Holdings Limited covering the design and construction of a…
DECEMBER 16, 2014—The Woods Hole, Martha's Vineyard, and Nantucket Steamship Authority, Martha’s Vineyard, MA, recently awarded a $36.4 million contract to Conrad Shipyard, LLC, Morgan City, LA, to construct a new 235 ft long passenger/vehicle…
DECEMBER 16, 2014 — John Fredriksen's Frontline Ltd. (NYSE:FRO) looks to be taking advantage of stronger share prices to knock down the size of its bond repayment bill through swaps. On Friday, the company's shares…
DECEMBER 16, 2014 — China, which has maritime boundary disputes with just about all its neighbors and not least Japan, is set to deploy what is being trumpeted as the largest coast guard vessel in…
DECEMBER 16, 2014 — French Finance Minister Michel Sapin has told reporters in Rome that "there is interest on the Italian part" in taking a share of STX France. Though he didn't actually say the…
DECEMBER 15, 2014 — The total costs of carrying out the Navy’s 2015 shipbuilding plan—an average of about $21 billion per year (adjusted for inflation to 2014 dollars) over the next 30 years—would be one-third…
DECEMBER 15, 2014 — When NASA's Orion spacecraft splashed down in the Pacific Ocean December 5 it had completed a two-orbit, 4.5 hour flight test that took it farther into space than any spacecraft built…
DECEMBER 15, 2014 — Six new bulk carriers, being built at the Namura and Onomichi shipyards in Japan, are to be fitted with a total of twelve Wärtsilä Aquarius UV ballast water management systems (BWMS).…
DECEMBER 15, 2014 — Bulb Flats offer significant benefits in shipbuilding stiffener applications. Now, Steel of West Virginia, Inc. has started production of Bulb Flats at its Huntington, WV, steel making facility. "We are excited…
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