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Varun Shipping to Invest $300m 5/14/2008 8:08:39 AM Varun Shipping reportedly will invest $300m to buy at least four new vessels in the offshore segment this year, according to a Reuters report. Varun is positioning itself to expand its presence in the offshore segment, the news organization said, quoting a leading Varun executive. Freight rates in the... Gdynia Shipyard May Go Bankrupt 5/13/2008 9:45:06 AM Reports indicate that the economic situation of the Gdynia Shipyard on the Baltic Sea Coast has worsened recently. Trade unionists organized a rally in front of the prime minister's office in Warsaw. If there's no financial support from the state budget, the shipyard may go bankrupt soon. Some contracts... Petrobras Invests Heavily in Ships 5/13/2008 8:39:40 AM The already hot Brazillian maritime market is set to get even hotter, as Petrobras yesterday opened a tender for 24 service ships, part of a bigger 146-boat order that will run through 2014 in the local market, according to a Reuters report.  According to Reuters, supply ships account for almost... What Goes Up … 5/12/2008 8:27:39 AM Global credit woes have largely had little affect on the historic shipbuilding orderbook … yet.  According to a Bloomburg report, there are signs that shipbuilding’s bull run may be coming to an end, fueled by the largest credit-market losses ever, which is starting to make attaining... Austal Awarded FCL by DoD 5/9/2008 7:08:29 AM  Austal USA has been awarded a facility clearance (FCL) by the US Department of Defense. The achievement elevates Austal USA to a new level of US defense supplier, allowing the shipyard to Prime for future classified US Government shipbuilding projects.  The clearance was awarded after Austal... Cosco to Grow Offshore and Shipbuilding Business 5/1/2008 9:12:43 AM Cosco Corp. Singapore Ltd. aims to draw one third of its business each from ship repairs and conversion, new shipbuilding and offshore marine engineering services.  The three key businesses contribute $481.2m or 91 percent of the company's $528.8m revenue during the January to March quarter, Energy Current reported... 400 in 10: Water Bus Market Emerges 4/29/2008 7:43:03 AM Arabian Gulf waterfront developments such as Dubai’s Palms and Abu Dhabi’s island resorts are set to turn the region into the world’s biggest market for water buses and small passenger ferries, according to industry experts. Regional demand for fast vessels carrying between eight... Frigate Refit Job Coming to Victoria 4/28/2008 9:58:54 AM Victoria Shipyards will refit five of Canada's 12 Halifax-class frigates as part of a $3.1b program to make the Canadian navy stronger and safer, reports said.  The refit will add 300 jobs at Victoria Shipyards for a project worth up to $500m. Victoria Shipyards and a shipyard in Halifax responded... KR Fleet Tops 30m GT 4/28/2008 7:45:09 AM For the first time in its 28 year history, the Korean Register of Shipping’s classed fleet has reached 30 million gt. KR – an IACS member – expects its fleet to grow further to 33.5 million gt by end 2008 and to reach well over 40 million gt by 2010 when the classification society celebrates its 50th year of operation... Maritime Administration Awards $9.8m in Shipyard Grants 4/24/2008 2:59:23 PM   The U.S. Department of Transportation’s Maritime Administration announced $9.8m in grants to 19 small shipyards in the United States.  The grants are part of the new Assistance to Small Shipyards program, set up under the National Defense Authorization Act for Fiscal Year 2006... Halifax, Victoria Shipyards Win Refit Contracts 4/22/2008 10:26:19 AM The federal government awarded two contracts Monday worth a total of $900 million to shipyards in Halifax and Victoria to maintain and upgrade Canada's 12 frigates - considered the workhorses of the navy. The contract for the Halifax Shipyards is worth $549m, while the contract in Victoria is valued at $351m... Demolition Begins on Boat Works Complex 4/21/2008 11:04:42 AM Workers began to remove the ways building at the former Nichols Boat Works site, the Dalles Chronicle reported. Last week, planners approved a 42-unit townhouse development by Naito Development at that location. Naito bought the 5.5 acre parcel from Nichols Boat Works, Inc. in January, 2007. Mitsui Targets 64 Percent Profit Gain 4/16/2008 9:55:51 AM Mitsui Engineering & Shipbuilding Co., Japan's second-largest shipbuilder by sales, forecast profit will rise 64 percent in three years, aided by record demand. The shares gained the most in two weeks, Bloomberg reported. Operating profit may reach $534min the year through March 2011, from 33... STX Begins Construction of Tankers 4/15/2008 9:24:13 AM Port News reported that the steel cutting for the new ship of PRISCO was held at STX Shipyard in South Korea. The new vessel is the first of seven tankers of 51,000 tonnes deadweight each, according to a report on http://steelguru.com. The main ship of this series is scheduled to put into operation on November, 2008... MAN B&W Brand Sets New Record 4/14/2008 9:50:40 AM MES cumulative (total) production of MAN B&W engines MAN Diesel’s Japanese licensee, Mitsui Engineering & Shipbuilding Co. Ltd. (MES), is celebrating a new milestone with its cumulative production of MAN B&W branded engines reaching the 60-million-BHP mark at the end of last month, a world record for a single brand... AKRON to Use FORAN Ship Design System 4/10/2008 10:25:11 AM AKRON (China) Group will use FORAN as their main ship design system after a careful selection process that has lasted more than two years. AKRON is the first commercial FORAN user in China.... $250m to Boost Aircraft & Shipbuilding 4/10/2008 10:23:55 AM The Russian government will pour $250m into modernizing the production of special steel alloys. The lack of modern technology is holding back the production of ultra-strong alloys and steel currently used in aerospace and shipbuilding, Russia Today said. Russian Prime Minister Viktor Zubkov launched... Tsuneishi Standardizes on SmartMarineEnterprise Suite 4/9/2008 10:28:49 AM   Tsuneishi Holdings Corporation Tsuneishi Shipbuilding Company has standardized on the Intergraph SmartMarine Enterprise suite of 3D engineering design and data management solutions to optimize design efficiency and increase productivity. Tsuneishi Holdings Corporation is a maritime... JFE, IHI to Begin Talks Possible Shipbuilding Merger 4/8/2008 10:24:48 AM Japanese heavy machinery makers IHI Corp. and JFE Holdings Inc. said they have agreed to begin concrete talks on merging their shipbuilding subsidiaries, a move that would create Japan's biggest shipbuilder. The move comes as Japanese shipbuilders face intensifying competition from regional rivals... Strategic Marine Posts More Firsts 4/7/2008 10:32:40 AM Australian shipbuilder Strategic Marine has broken new ground by winning a contract to build a 23.9m new generation compact tug – the first tugboat signing in the company’s history. The vessel, which has a 60 ton bollard pull, has been ordered by the Port of Napier – another breakthrough... 1 2 3 4 5 6 7 8 9 10 ...