Chinese shipbuilding orders take a hit
Chinese shipyards saw new shipbuilding orders fall to 940,000 dwt in September — the lowest monthly figure since June 2009 — reports Xinhua, citing a report by the National Development and Reform
Author: Administrator
GD completes Metro Machine acquisition
General Dynamics (NYSE: GD) has completed its acquisition of Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va. The value of the
GL grants approval in principle to DSME LNG fueled containership
Daewoo Shipbuilding and Marine Engineering (DSME) and Germanischer Lloyd (GL) have proved the feasibility of running large container vessels on LNG, with GL recently finishing approval in principle of a 14,000 TEU
Vigor Industrial delivers 64-car ferry to WSF ahead of schedule
Vigor Industrial and its U.S. Fab shipbuilding division have delivered the third of three new Washington State ferries, the 64-car Kennewick, three months ahead of schedule. “This is a major milestone in
MAN Diesel & Turbo and Kawasaki mark a century
Kawasaki Heavy Industries (KHI) has celebrated the 100th anniversary of its engine-manufacturing license with MAN Diesel & Turbo. Spread over four days, the celebrations included an exchange of gifts and were capped
Mike Petters joins board of U.S. Naval Academy Foundation
Huntington Ingalls Industries, Inc. (NYSE:HII) President and CEO Mike Petters has been elected to the board of directors for the U.S. Naval Academy Foundation. He will serve a four-year term. The mission
Wärtsilä to power NCSA RoCon newbuildings
Wärtsilä is to supply the engines and propulsion equipment for the six new RoCon vessels on order for NSCSA, the National Shipping Company of Saudi Arabia, at Korea’s Hyundai Mipo Dockyard (see
British-flagged ships to be allowed to carry armed guards
In an interview on BBC One’s Andrew Marr Show yesterday, British Prime Minister David Cameron said that British-flagged ships will soon be licensed to carry armed guards for protection against pirates. Following
Ship operating costs set to rise
Vessel operating costs are expected to rise by 3.8 percent in 2011 and by 3.7 percent in 2012. Lube expenditure and crew costs are the categories most likely to produce the highest
STX OSV to build PSV quartet for Island Offshore
STX OSV Holdings Limited reports that it has secured new contracts for the construction of four Platform Supply Vessels (PSV) for Island Offshore. The combined value of all four contracts exceeds NOK