Investment in wave and tidal energy is expected to steeply increase over the next five years, according to U.K. energy business analysts Douglas-Westwood. A recent report released by Douglas-Westwood projects that $1.2
Stena Bulk is bulking up in the MR segment (Medium Range product tankers of 50,000 dwt). It is acquiring 50 percent of the Danish shipping company Weco. The move doubles the Stena
AP has released a video related to today’s daring rescue of the Samho Jewelry by South Korean special forces. January 21, 2011
Northrop Grumman (NYSE:NOC) yesterday said that it continues to explore strategic alternatives for a potential separation of its Shipbuilding business. “While any final decision remains subject to board approval, the company currently
Aker Drilling Offshore Services Public Ltd., Cyprus, a wholly owned subsidiary of Aker Drilling ASA, has signed a letter of intent with Daewoo Shipbuilding and Marine Engineering in South Korea for the
South Korean special forces have retaken the Korean-owned, Maltese-flag product tanker MV SAMHO JEWELRY, which had been hijacked January 15 when 350 nautical miles southeast of the port of Muscat, Oman. Eight
BAE Systems will provide the primary gun systems on ten U.S. Navy Littoral Combat Ships (LCS) to be built by the Lockheed Martin-led team. BAE Systems will equip the ten ships with
Todd Shipyards Corporation (NYSE:TOD) reports that the U.S. Coast Guard has awarded its Todd Pacific Shipyards Corporation subsidiary a $4,883,691 modification to previously awarded contract HSCG85-11-C-P45631 in support of repairs and alterations
Oceania Cruises yesterday officially took delivery of Marina, its first newbuild cruise ship. The handover took place at Fincantieri’s Sestri Ponente shipyard near Genoa, where a sister ship, Riviera, is currently under
Good news for Norway’s Myklebust Verft. Layoffs had been looming at the Kleven Maritime group shipyard. But now Olympic Shipping AS has awarded the yard an order for the delivery of an