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Hyundai Heavy Industries (HHI), the world's biggest shipbuilder, today won a KRW 800 billion (about $710.5 million) deal to build six 9,600 TEU containerships for shipping line Hamburg Süd.The agreement includes an option for Hamburg…
ST Marine, the shipbuilding unit of Singapore's ST Engineering, reports that it has  received a notice of termination dated March 17, 2011 from French shipowner Louis Dreyfus Armateurs (LDA) in respect of the shipbuilding contract…
National Shipping Company of Saudi Arabia (NSCSA) recently signed a $411.47 million contract with Hyundai MIPO, South Korea to build four 220 m Roll-On/Roll-Off-Container (Ro-Con) ships. The contract contains an option to build two additional…
The U.S. Navy has awarded a Lockheed Martin [NYSE: LMT]-led industry team $376 million to construct the  seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy…
ATP Oil & Gas Corporation (NASDAQ: ATPG) today reported that it has received a permit to resume drilling the Mississippi Canyon ("MC") Block 941 #4 well in the deepwater Gulf of Mexico."This permit for the…
The future of Germany's Beluga Shipping Group is now largely in the hands of insolvency attorney Edgar Grönda of the law firm Schultze & Braun. Beluga Chartering GmbH filed for insolvency in the Bremen District…
As part of its commitment to the environment, Norwegian Cruise Line applied International Paint's biocide free, Intersleek foul release coatings to the 78,309 grt cruise ship Norwegian Sun when it was built at German shipbuilder…
Marine Accurate Well ASA - Maracc - has successfully secured a fully committed $280 million financing package for the remaining construction costs of Island Innovator, a drilling and heavy well intervention semi submersible being built…
Shipbuilder Austal USA, Mobile, Ala., is being awarded a $368,592,125 modification to previously awarded contract (N00024-11-C-2301) to contractually authorize fiscal 2011 Littoral Combat Ship (LCS) construction.  Work will be performed in Mobile, Ala. (51 percent);…
The Department of the Navy announced today that it is now in a position to support Northrop Grumman Corporation's (NGC) spin-off of its shipbuilding business. The Navy finds Huntington Ingalls Industries Inc. (HII) responsible for…
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