shipbuilding

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Bakke out as Havyard Group CEO

Norway’s financially troubled Havyard Group says that its Board and CEO Geir Johan Bakke have agreed to “terminate their employment relationship with immediate effect.” Bakke has said he is willing to be

Austal gets $8 million more for LCS 24 work

Austal USA, Mobile, Alabama, has been awarded a $7,993,893 modification to a previously awarded contract for littoral combat ships (LCS) industrial post-delivery availability (IPDA) support for LCS 24. This contract modification is

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Chinese shipbuilding giants complete merger

It’s official. Earlier today, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited, were officially merged into one corporation — China Shipbuilding Group — earlier today. China Shipbuilding Goup is now

Terntank orders hybrid tanker duo

Swedish based Terntank, a pioneer of LNG as a marine fuel, is taking the next step towards carbon-neutral shipping. It has ordered two new 15,000 dwt chemical/product/biofuels tankers at China’s AVIC Dingheng