Red ink tide rises at Hyundai Heavy
OCTOBER 30, 3014 – The world’s largest shipbuilder, South Korea’s Hyundai Heavy Industries has reported a record quarterly operating loss of 1.93 trillion won ($1.83 billion). Though it expects to return to
OCTOBER 30, 3014 – The world’s largest shipbuilder, South Korea’s Hyundai Heavy Industries has reported a record quarterly operating loss of 1.93 trillion won ($1.83 billion). Though it expects to return to
OCTOBER 30, 3014 – Shipbuilding giant Fincantieri has signed a cooperation arrangement with a somewhat smaller Italian player, Vittoria Shipyard. Based in Adria, about midway between Venice and Ravenna, the shipyard is
OCTOBER 29, 2014—The U.S. Department of Justice says that North Florida Shipyards, Jacksonville, FL, and its president, Matt Self, will pay $1 million to resolve allegations that they violated the False Claims
OCTOBER 29, 2014 — The Canadian Government has signed an agreement with Attica Holdings S.A. of Greece to acquire the RoPax ferry Blue Star Ithaki tfor a total cash consideration of EUR
OCTOBER 29, 2014 — A shoreside power system to allow cruise vessels to plug in when calling the Port of Halifax, Nova Scotia, Canada, is now complete and fully operational. Shore power
OCTOBER 29, 2014 — General Dynamics Electric Boat Corp., Groton, CT, is being awarded an $83,797,108 cost-plus-fixed-fee modification to a previously awarded contract (N00024-13-C-2128) to manufacture tactical missile tubes to support the
OCTOBER 29, 2014 — Sembcorp Marine Ltd. (SMM)’s former finance director Wee Sing Guan has been sentenced to 39 months in jail by a Singapore court after pleaded guilty to nine charges
OCTOBER 29, 2014 — Though pirate attacks worldwide have fallen for the third consecutive year, small tanker hijacks by armed gangs are escalating in Southeast Asia, according to the latest piracy report
OCTOBER 29, 2014 — Agribusiness giant Archer Daniels Midland Company (ADM) has taken delivery of Harvey Frost, the first of three eco-friendly 95,000 dwt bulk carriers featuring an air lubricated hull. The
OCTOBER 29, 2014 — Two new 150 ton bollard pull anchor handling offshore support vessels (AHOSVs) being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and will