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Electric Boat gets $7.1 million for ARDM-4 work

NOVEMBER 7, 2013 — General Dynamics Electric Boat Corp., Groton, Conn., is being awarded a $7,103,796 modification to previously awarded contract (N00024-10-C-4301) to provide ship’s force duties; protection and operation; and organizational-level

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MARAD funds two LNG-as-fuel projects

NOVEMBER 7, 2013 — A steam turbine powered Horizon Lines containership that is to be converted to LNG propulsion was originally delivered in 1980 to Waterman Line — as a barge carrier.

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U.K. naval shipbuilding set for restructuring

NOVEMBER 7, 2013 — With British taxpayers braced to receive more bad news on the costs of the two Queen Elizabeth class aircraft carriers, BAE Systems says it has reached agreement in

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Transocean orders five jack-ups, options five more

NOVEMBER 7, 2013 — Transocean Ltd. (NYSE: RIG) has awarded Singapore’s Keppel FELS shipyard contracts for the for the construction of five Super B 400 Bigfoot Class jack-up drilling rigs. The first

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Prosafe signs LOI for two semi-subs

NOVEMBER 7, 2013 — Oslo-listed Prosafe has agreed a Letter of Intent (LOI) with China’s COSCO (Qidong) Offshore Co. Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with

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Niterói problems weaken Vard results

NOVEMBER6, 2013 — Offshore and specialist vessel designer and shipbuilder Vard Holdings Limited, which is 55.63% owned by Ficantieri, has reported its results for the third quarter of FY 2013 ended September

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EC opens probe into French tonnage tax

NOVEMBER 6, 2013 — The European Commission has opened an in-depth investigation to examine whether changes to the French tax rules for maritime companies are in line with EU state aid rules.