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
shipbuilding
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