Author: Administrator

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Seadrill places jack-up order at Jurong Shipyard

Seadrill has entered into an agreement for the construction of a new jack-up drilling rig with Sembcorp Marine’s Jurong shipyard in Singapore. The rig is scheduled to be completed at the end

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New Ro-Con ships to be built for U.S. East Coast service

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

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Lockheed Martin team gets $387 million LCS contract

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

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Insolvency administrator takes the helm at Beluga

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

Austal awarded $368 million LCS contract modification

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,