South Korea’s Ministry of Knowledge Economy has released its trade figures for 2011. Korea’s exports increased 19.6 percent year on year to a record $557.8 billion and imports gained 23.3 percent to
The Brazilian Navy has signed a contract worth £133 million with BAE Systems for the supply of three Ocean Patrol Vessels and ancillary support services. The contract also contains a manufacturing licence
Tanker giant Frontline Ltd. says that it has successully completed the restructuring first announced December 6, 2011, backed by more than $505 million in guarantees from its largest shareholder, John Fredriksen controlled
Xinhua reports that the Chinese shipbuilding industry suffered sharp declines in new orders in 2011,citing data from released Monday by China’s National Development and Reform Commission (NDRC. New shipbuilding orders from January
KV Ventus B.V., a wholly-owned subsidiary of Singapore’s Keppel Corporation Ltd. has entered into an agreement to take a 49.9 percent stake in offshore wind turbine foundation designer OWEC Tower (AS) for
Bollinger Shipyards, Lockport, LA, recently released video of the sea trials of the USCGC Bernard C. Webber, the first of the U.S. Coast Guard’s Sentinel Class Fast Response Cutters. What’s particularly interesting
Eastern Shipbuilding Group, Inc., Panama City, FL, recently delivered the third in a series of four 2,600 hp Canal Class inland towboats to Settoon Towing LLC, Pierre Part, LA. Over the last