Otto Marine shipyard books first newbuilds in two years

MARCH 11, 2013 — “We are now in a much better position to revitalize and grow our shipbuilding segment,” says Michael See, CFO of Singapore headquartered Otto Marine, which today reported that

Sembcorp Marine reports higher turnover, lower profit

FEBRUARY 21, 2013 — Singapore’s Sembcorp Marine recorded a full year net profit of Singapore $538 million in 2012. Earnings per share for the Group were 25.8 cents, while return on equity

Ship repairers brace for Navy contract cancelations

FEBRUARY 15, 2013 — Shipyard workers are going to be among the first to feel the impact of Congressional failure to deal with budget issues. Yards specializing in Navy work were expecting

AMSEC employee wins ship repair safety award

FEBRUARY 15, 2013 — Casey Tarnowski, an employee of Huntington Ingalls’ AMSEC LLC subsidiary, has won the annual Safety Suggestion Award contest hosted by the Virginia Ship Repair Association (VSRA). Mr. Tarnowski

Damen acquires Dutch ship repairer Shipdock

FEBRUARY 8, 2013 — Damen Shipyards Group is the new owner of Dutch ship repairer Shipdock. With roots dating back to 1877, Shipdock operates shipyards in Amsterdam and Harlingen. Shipdock Harlingen services

Safety milestone for Signal Ship Repair

JANUARY 31, 2013—Signal Ship Repair, Mobile, AL, a division of Signal International, Inc., achieved a significant safety milestone—1,000 days without a lost time injury—on January 30. “Safety is the number one priority

Vigor orders giant floating dry dock for Portland

JANUARY 14, 2013 — Vigor Industrial has reached an agreement with Daoda Marine Heavy Industry Company (DDHI) to purchase a new floating dry dock for $40 million. At 960 feet long, with

BAE Norfolk gets $80.6 million mod to LHD 7 contract

JANUARY 11, 2013 — BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded an $80,647,084 undefinitized contract modification to a previously awarded cost-plus-incentive-fee Navy contract (N00024-11-C-4407) for the planning and execution

BAE Norfolk gets $50 million Navy contract mod

JANUARY 2, 2013 — BAE Systems Norfolk Ship Repair, Norfolk, Va., was awarded on Dec. 28, 2012, a $50,180,546 undefinitized contract action as a modification to a previously awarded cost-plus-incentive-fee contract (N00024-10-C-4308)

Westcon Group buys Florø shipyard and design group

JANUARY 2, 2013 — Norway’s Westcon Group AS has acquired the STX Norway Florø AS shipyard and STX Norway Design Florø AS from STX Europe AS on of December 31st 2012. “We

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