that major bondholders of Daewoo Shipbuilding & Marine Engineering Co. today agreed to the debt rescheduling measures proposed by the state-run Korea Development Bank (KDB). The National Pension Service (NPS), which owns
APRIL 17, 2015 — Leonardo DRS, Inc., Arlington, VA, reports that it has been awarded a contract by Eastern Shipbuilding to provide hybrid electric drive systems for the U.S. Coast Guard’s new
APRIL 14, 2017 — General Dynamics-National Steel and Shipbuilding Co., San Diego, California, is being awarded a $22,714,780 modification to a previously awarded cost-plus-award-fee, incentive-fee contract (N00024-15-C-4313) for the FY 2017 drydocking
APRIL 14, 2017 – GE reports that several milestones have been reached on Australia’s Air Warfare Destroyer (AWD) shipbuilding program. The first of the three ships being built for the Royal Australian
APRIL 13, 2016 — Brazil’s Wilson Sons Limited reports that its shipbuilding subsidiary Wilson Sons Estaleiros Ltda, has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil
APRIL 12, 2017 — BAE Systems San Diego Ship Repair Inc., San Diego, California, is being awarded a $19,426,118 cost-plus-award-fee contract for the accomplishment of post shakedown availabilities (PSA) for DDG 51
APRIL 12, 2017 — Horizon Shipbuilding, Bayou La Batre, AL, is bustling with activity. Vessels for for NYC Ferry are being quickly delivered, large AST tugs are being built and launched and
APRIL 10, 2017 — A KRW 2.6 trillion ($2.28 billion) Korean government program to revive the domestic shipbuilding industry has resulted in Hyundai Merchant Marine (HMM) signing a letter of intent (LOI)
APRIL 10, 2017 — Oslo, Norway, headquartered TMC Compressors (TMC) has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a new-build
APRIL 10, 2017—Looking to bolster its ship repair and conversion services in the Port of Rotterdam, the Damen Shipyards Group announced an agreement with Singapore’s Keppel Offshore & Marine to acquire the