shipbuilder

Nerbovik now Aker Philly President and CEO

NOVEMBER 5, 2014 — Aker Philadelphia Shipyard ASA (Oslo: AKPS) today released  third quarter results (read them here) and reported that its Board of Directors has appointed Steinar Nerbovik as President and

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Fire forces Australian shipyard into administration

NOVEMBER 4, 2014 — Brisbane-based shipbuilder Aluminium Boats Australia Pty Ltd today announced that it had been placed into voluntary administration. John Park and Kelly Trenfield from global business advisory firm FTI

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

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Fredriksen swoops on Flex LNG

OCTOBER 24, 2014 — Billionaire John Fredriksen is poised to add Flex LNG to his empire. Geveran Trading Co Ltd, which is indirectly controlled by trusts established by John Fredriksen for the

Eastern Shipbuilding adds three more

OCTOBER 23, 2014 — Eastern Shipbuilding Group, Inc., Panama City, FL, has added three more vessels to its orderbook. In August, Suderman & Young Towing Company and Bay Houston Towing Company each