France and Fincantieri close to STX France compromise
MARCH 6, 2017 — France’s Le Monde newspaper reports that a compromise solution is in the works that will see the acquisition of shipbuilder STX France by a group in which Fincantieri
shipyards
Vard nets order for ultra modern pelagic trawler
MARCH 2, 2017 — Research Fishing Company Ltd., Lerwick, Shetland, has signed a contract with Vard Group AS for construction of an 80 m x 16.2 m pelagic trawler The contract value
Vard books more orders, loses less
MARCH 1, 2017 — Fincantieri’s 69.67%-owned Vard subsidiary has reported fourth quarter and year end results for 2016. Among the highlights: a full year new order intake of NOK 10.6 billion (about
VT Halter Marine appoints Robert A. Socha as Senior VP
FEBRUARY 24, 2017 — VT Halter Marine, Inc. has appointed Robert A. Socha as Senior Vice President of Business Development and Estimating. In this role, Mr. Socha is responsible for the company’s
Gulf Island to shift all fab ops to Houma, sell Texas yards
FEBRUARY 24, 2017 — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) reports that its Board of Directors has approved a recommendation from management to place its properties in Aransas Pass and Ingleside, Texas,
Sembcorp Marine returns to profitability
FEBRUARY 22, 2017 — Singapore’s Sembcorp Marine posted Group revenue of SGD 3.54 billion for the year ended December 31, 2016 (FY 2016) compared with SGD 4.97 billion previously. The Group reported
Damen Ship Repair to trim jobs at three Dutch shipyards
FEBRUARY 22, 2017 — Damen Shiprepair & Conversion has announced a reorganization that will see overall staff at three of its Dutch shipyards reduced by around 150 employees. All employees at the three locations
Ferry giant bets on LNG fueled ships, smart terminals
FEBRUARY 15, 2017 — The Baleària group carried 10% more passengers, vehicles and Ro/Ro cargo in 2016 than in the previous year, reaching 3.5 million passengers, 750,000 vehicles and more than 5
ECO tugs to have Ulstein alarm and monitoring systems
FEBRUARY 10, 2017 — The 13 heavy duty Damen design mooring assistance and escort tugs that Edison Chouest Offshore is building in its five shipyards for two major contracts in Texas and
VCNO: Navy readiness at lowest level in years
FEBRUARY 8, 2017 — “It has become clear to me that the Navy’s overall readiness has reached its lowest level in many years,” Vice Chief of Naval Operations Admiral William F. Moran