Hyundai Merchant and DSME sign LOI for VLCC series

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)

TMC to supply compressors for FSRU newbuild

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

Damen acquisition will grow repair muscle in Rotterdam

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

DSME and DNV GL unveil new LNG carrier design

APRIL 7, 2017 — Daewoo Shipbuilding and Marine Engineering (DSME), and classification society DNV GL used this week’s Gastech event in Tokyo to present the results of a joint development project (JDP)

Gladding-Hearn books order from Southwest Alaska Pilots

APRIL 5, 2017 — The Southwest Alaska Pilots Association in Homer, Alaska has ordered a new pilot boat from Gladding-Hearn Shipbuilding, Duclos Corporation, Somerset, MA. Delivery from the shipyard is scheduled for

Viking Line signs shipbuilding contract with Chinese yard

APRIL 5, 2017 — Åland, Finland, headquartered Viking Line has signed a conditional shipbuilding contract with China’s Xiamen Shipbuilding Industry Co. concerning a new passenger cruise ferry for the Turku (Finland)–Åland Islands–Stockholm

Australia issues RFT for Future Frigate project

APRIL 1, 2017 — Australia’s AUD 35 billion   has reached a significant milestone with the release of the Request for Tender (RFT) to the three shortlisted designers; BAE Systems, Fincantieri and

Mitsubishi Heavy moves ahead with shipbuilding alliances

MARCH 31, 2017 — Mitsubishi Heavy Industries, Ltd. (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions, first announced in

VIDEO: First ice-breaking LNG carrier docks at Yamal terminal

MARCH 31, 2017 — Christophe de Margerie, the world’s first ice-breaking LNG tanker, yesterday successfully berthed at the Yamal LNG terminal at Sabetta Port in Russia— and Russian President Vladimir Putin was

Price cut prompts owner to take newbuild, not cancel it

MARCH 30, 2017 — Athens headquartered Euroseas Ltd. (NASDAQ: ESEA) has signed an addendum to its newbuilding contract with China’s Jiangsu Yangzijiang Shipbuilding Co. for Hull Number YZJ 1153, originally entered into

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