One of the world’s largest bulker operators, Hong Kong headquartered Pacific Basin Shipping Limited, has signed a memorandum of understanding with Japan’s Nihon Shipyard Co., Ltd and Mitsui & Co., Ltd. It
The growing demand for LNG fueled containerships is providing somewhat of a bonanza for pump manufacturer Svanehøj. It has booked orders from shipyard giants Daewoo Shipbuilding & Marine Engineering and Samsung Heavy
Huntington Ingalls Industries is making workforce reductions at its Newport News Shipbuilding Division that will see 314 salaried employee lose their jobs and a further 119 managers demoted. “Today is a tough
Ocean Network Express Pte. Ltd. (ONE) has signed a Letter of Intent (LOI) for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS). Each with with a capacity greater
Paris, France, headquartered LNG containment specialist GTT (Gaztransport & Technigaz) says it will appeal a fine of approximately $11.4 million imposed on it by the Korea Fair Trade Commission (KFTC). KFTC’s decision
General Dynamics announced today that the negotiating teams from Bath Iron Works and the International Association of Machinists and Aerospace Workers (IAM) Local S6 reached agreement Friday night on mutually acceptable terms
Bath Iron Works, Bath, Me., and Huntington Ingalls Industries’ Ingalls Shipbuilding, Pascagoula, Miss., have been awarded contract modifications together worth a total $194 million to fund capital expenditure projects for shipbuilder and
The German Federal Ministry for Economic Affairs said today that Germany, along with four other European countries, is allowing cruise lines to temporarily suspend the repayment of export credits. the move is
The U.S. Navy’s newest nuclear-powered aircraft carrier was christened John F. Kennedy (CVN 79) in a December 8 ceremony at Huntington Ingalls Industries Newport News Shipbuilding division. Former U.S. ambassador Caroline Kennedy,
Shipbuilders Fincantieri Marinette Marine (FMM) and Vigor (Team RB-M) report the delivery of the first three on a six vessel RB-M (Response Boat-Medium) contract to the U.S. Coast Guard. The boats are