Lockheed Martin will not compete in the bidding to design and build the Navy’s next-generation guided-missile frigate competition, reports the U.S. Naval Institute. USNI news cites Joe DePietro, Lockheed Martin vice president
Vaasa, Finland, headquartered WE Tech Solutions Oy (WE Tech) is to deliver an advanced hybrid electric propulsion solution for the Wasaline RoPax ferry on order at shipbuilder Rauma Marine Construction Oy (see
Morgan City, La., headquartered shipbuilder and repairer Conrad Industries, Inc. (OTC Pink: CNRD) has reported first quarter 2019 results that included a net loss of $307,000 and loss per diluted share of
Den Helder, Netherlands headquartered Acta Marine’s newbuild walk- to-work vessel Acta Centaurus has been delivered on schedule by Norwegian shipbuilder Ulstein and is about to set sail for its first offshore wind
Wärtsilä has won its first order for its new WJX series of waterjets introduced in early March. Four WXJ1200 waterjets will power the 100 m long, wave-piercing catamaran ferry ordered from Incat
A new Swedish shipping company has ordered a series of LNG fueled newbuilds at Chinese shipbuilder CMC Raffles that will be the largest RO/RO vessels thus far built to Finnish/Swedish Ice Class
Damen Shipyards Group posted a net loss of EUR 17 million (about $19 million) for 2018. This is the first time in 15 years that the Dutch shipbuilder has announced losses. Damen
Royal Caribbean Cruises Ltd. (NYSE: RCL) today announced that it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique to order a fifth Edge-class cruise ship for delivery in the
When Norway’s Kongsberg Group acquired the Rolls-Royce Commercial Marine (RRCM) business, it took on board an operation that in 2018 reported an underlying loss of about $45 million. It is understood that
A GAO (U.S. Government Accountability Office) report says that Navy’s cost estimate to construct 12 Columbia class submarines—$115 billion—is not realistic because it is based on several overly optimistic assumptions, such as