IHI to take stake in Brazil’s EAS

JUNE 17, 2013 — Japan’s IHI Corporation is making an equity investment in Brazil’s Estaleiro Atlantico Sul S.A (EAS). IHI, together with JGC Corporation and Japan Marine United will acquire the stake

Maersk names first Triple-E containership

JUNE 14, 2013 — Maersk Line’s newest containership, the first of the Triple-E series, was named this morning in a ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo,

Ingalls gets $76.8 million funding for seventh NSC

JUNE 14, 2013 — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division today received a $76.8 million fixed-price contract from the U.S. Coast Guard to purchase long-lead materials for Kimball (WMSL 756), the

Heads roll at KHI as board torpedoes Mitsui merger

JUNE 14, 2013 — A management integration of Japan’s Kawasaki Heavy Industries and Mitsui Engineering and Shipbuilding Co is not going to happen. And the three Kawasaki executives who were pressing for

STX Pan Ocean files for receivership

JUNE 7, 2013 — Dragged down by the continuing problems of the bulker market, Seoul and Singapore listed STX Pan Ocean Co., Ltd. filed for receivership in Seoul Central District Court today.

Teekay LNG newbuilds get U.S. gas export charters

JUNE 7, 2013 — When Teekay LNG Partners L.P. (NYSE:TGP) inked an agreement with Daewoo Shipbuilding & Marine Engineering (DSME) in December for the construction of two 173,400 cu.m LNG newbuildings (see

Brazil shipyard suppliers get R&D cash infusion

JUNE 6, 2013 — The Brazilian shipbuilding supplier industry is to get BRL 41 million (about $19.25 million) to invest in new technology and equipment. FINEP (Financiadora de Estudos e Projetos), an

Newport News delivers final Block II Virginia class sub

JUNE 6, 2013  —  Huntington Ingalls Industries (NYSE:HII) reports that its Newport News Shipbuilding (NNS) division delivered the submarine Minnesota (SSN 783) to the U.S. Navy today. The boat, the last of

China buys license to build new LNG containership family

JUNE 6, 2013 — Chinese shipbuilders could soon be using German technology to take a lead in the production of LNG fueled containerships. Hamburg headquartered Technolog GmbH has sold China’s SUMEC Marine

ABB to equip enhanced reliability drillship

JUNE 5, 2013 — A DP3 drillship on order at the Jinhae, South Korea, shipyard of STX Offshore & Shipbuilding is to carry DNV’s “Enhanced Reliability” and DYNPOS AUTRO notations. ABB has

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