APRIL 3, 2017— Huntington Ingalls Industries (NYSE:HII) reports that the newest Virginia-class submarine, Washington (SSN 787), successfully completed its initial sea trials on Sunday. Washington was built as part of a teaming
MARCH 29, 2017 — Russia’s Krasnoye Sormovo shipyard (a United Shipbuilding Corporation, USC, yard located on the Volga River) has laid the keel of the Project PV300 river cruise ship ordered in
MARCH 17, 2017 — Nigeria’s Homeland Integrated Offshore Services Limited has ordered what will be its third Damen FCS 3307 patrol vessel with an option for a fourth. The two latest vessels
FEBRUARY 1, 2017 — Huntington Ingalls Industries (NYSE:HII) reports that it has been awarded a $25.5 million modification to an existing advance planning contract in support of advance fabrication of the aircraft
FEBRUARY 1, 2017 — Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries from shipbuilders and swing tankers flooding the market. As a result, freight rates
JANUARY 26, 2017 — Russia’s Krasnoye Sormovo shipyard (part of United Shipbuilding Corporation), Goznak-Leasing and river cruise specialist Vodohod have signed a three-party contract for construction and a Project PV300 cruise liner.
JANUARY 21, 2017 — Sean J. Stackley assumed the responsibilities of acting secretary of the Navy at noon yesterday. Stackley is a more than familiar figure to shipbuilders, having served as the
JANUARY 5, 2017 — For the first time in 17 years, Japan’s shipbuilders have ended the year with a larger order backlog than their South Korean competitors, reports the Yonhap news agency.
JANUARY 4, 2017 — Shipbuilders and the Navy are hopeful that the incoming Trump administration will make good on a campaign commitment to a 350 ship Navy. However, the non-partisan Congressional Budget
DECEMBER 30, 2016 — In a symbol of the tough times facing Korean shipbuilders, a 700 ton gantry crane at Sungdong Heavy Industries’ Masan shipyard has been sold at scrap value to