According to a report from CBC News, the B.C. government is pouring $550,000 into a shipbuilding training centre at Camosun College in Saanich. The centre will help support the B.C.'s shipbuilding industry as a Vancouver company is vying for some of the $35b in federal shipbuilding contracts currently up for bid. Source: CBC News
According to a report from the Times Colonist, Quebec is enabling the insolvent Davie shipyard to enable it to fight for billions of dollars of coveted federal shipbuilding contracts in competition with companies in B.C., Nova Scotia and Ontario. Two Quebec ferry contracts will be given to Davie under a tentative agreement with the potential buyers of the shipyard, now in bankruptcy protection. The work will ensure Davie can meet federal conditions that shipyards be financially sound when
The Daily Press has reported that Capt. Richard Berkey will lead the Portsmouth, Va., yard as Capt. Joseph Campbell heads to the Pentagon. Navy Capt. Richard D. Berkey assumed command of Norfolk Naval Shipyard on Friday, taking the helm from Capt. Joseph F. Campbell. The nuclear-capable shipyard, based in Portsmouth, performs maintenance jobs on both aircraft carriers and submarines. With about 7,700 employees, it is the second-largest shipyard in Hampton Roads behind Northrop Grumman
Far Eastern Center for Shipbuilding and Shiprepairing is being created in Primorye. The Primorsky Territory Administration hosted a meeting dedicated to this new center. RF President Aide Alexander Burutin and Primorye Vice-Governor Pavel Popov took part in the meeting dedicated to creation of OJSC, which was held in the Primorsky Territory Administration. As the Administration reports, this open joint-stock company (OJSC) will be a sub-holding within the United Shipbuilding
Davie Yards Inc. (TSX:DAV) introduced its proposal for the implementation of a National Shipbuilding Procurement Strategy aimed at renewing the federal fleet and building world-class shipbuilding capability in Canada, while providing more predictable work for the maritime industry. "Davie's proposal is based on our belief that Canadian yards can achieve a competitive position vis-à-vis European yards in building complex ships
Irving Shipbuilding’s successful C$25 billion bid for the combatant portion of the National Shipbuilding Procurement Strategy (NSPS) illustrates the strength of Nova Scotia shipbuilding industry. Under the program, Irving Shipbuilding, Inc. (ISI) will build six to eight Arctic/Offshore Patrol Ships and 15 Canadian Surface Combatants for the Department of National Defense (DND) over the next 20-30 years. The NSPS contract is in addition to ISI’s contract to build nine mid-shore
July 27 marked the opening of the Government of Canada's Shipbuilding Consultation, which seeks input from key stakeholders on comprehensive and viable options for a long-term, sustainable Canadian shipbuilding strategy. The Government is committed to building and maintaining an effective federal fleet of ships for maritime security and services. Fleet renewal plans could see the Government invest in excess of $40 billion to build more than 50 large vessels over the next 30 years.
The Obama Administration sent a preliminary bill for $69.09m to BP and other responsible parties for response and recovery operations relating to the BP/Deepwater Horizon Oil Spill. The Administration will continue to bill BP regularly for all associated costs to ensure the Oil Spill Liability Trust Fund is reimbursed on an ongoing basis. As a responsible party, BP is financially responsible for all costs associated with the response to the spill
Halifax's Irving Shipbuilding is getting the $25 billion contract to build 21 Canadian combat ships and Vancouver's Seaspan Marine has been awarded an $8 billion contract for 7 non-combat vessels, the federal government announced, which is the manifestation of the Canadian government's National Shipbuilding Procurement Strategy (NSPS), designed to envigorate the country's shipbuilding industrial base and manufacture a fleet of vessels to protect the country vital interests in the quickly
Recent changes to Canada’s Federal government’s New Building Canada Fund, announced by Infrastructure Minister Amarjeet Sohi, will enable significant investments in infrastructure systems, including ferry replacement and refits. Ferry operators across Canada will have access to the Fund that may inject billions of dollars in transportation infrastructure projects, providing the proposed projects be completed within a three year timeframe.
These are difficult times for the shipbuilding industry, in particular that of Korea, which faces its worst-ever order drought. Big, medium-sized and small shipbuilders are undergoing deep restructuring as a consequence of the workload downturn
The American Maritime Partnership (AMP) has issued the following statement on the selection of Secretary Elaine L. Chao as the next United States Secretary of Transportation. “The American Maritime Partnership congratulates Secretary Elaine Chao for her nomination by President-elect
Gulfstream Shipbuilding welcomes James Murray, a second generation boat builder and operator/owner, to the Sales Management Team. James is the son of Jim Murray, who originally opened the shipyard 35 years ago as Freeport Shipbuilding. James built a variety of custom boats at the shipyard
Daewoo Shipbuilding & Marine Engineering Co. (DSME) plans to spin off its IT business unit next year in an effort to streamline its business structure, reports Yonhap. The unit, provisionally named DSME Information System, will be started on Jan. 1, the company said
Reuters report quoting South Korea government sources that the country is planning to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73 million) to help improve the financial health of Korean shipping companies.
Odfjell has ordered four chemical tankers (with options for an additional four) with stainless steel cargo tanks from China Shipbuilding Trading CO., Ltd. and Hudong-Zhonghua Shipbuilding (Group) CO., Ltd. The ships cost $60m each. The 49,000 dwt ships, with a cargo capacity at 54,600 cbm
Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are set to announce a debt-for-equity swap and other measures, worth 3 trillion won (US$2.62 billion), reports Yonhap. Korea Development Bank (KDB), a main creditor of DSME
Four parties have expressed interest in buying one or both of South Korea's STX Offshore & Shipbuilding Co Ltd and a controlling stake in STX France SA, a spokesman for the Seoul court overseeing STX Offshore's receivership said on Friday.
Creditors of embattled Daewoo Shipbuilding & Marine Engineering Co. have demanded that the shipbuilder's labor union accept the company's large-scale restructuring scheme in return for helping the shipyard stay afloat, says Yonhap.
STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation plan, saving the yard, once the world’s fourth largest, from liquidation, reports Yonhap. STX Shipbuilding, once South Korea's No
Shipbuilder to be split into four companies; spinoff is part of restructuring plan submitted to creditors. South Korea's Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being spun off to improve management efficiency and competitiveness
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division launched Paul Ignatius (DDG 117), the company’s 31st Arleigh Burke-class (DDG 51) guided missile destroyer, on Saturday. “The DDG 51 program provides our U.S
Canada's Coast Guard mulls its options as it awaits the arrival of replacement icebreakers to its aging fleet. In order to maintain open tracks through ice, escort ships, free ice-beset vessels, break up ice in harbors, resupply isolated northern communities and protect them from flooding
Ubiquitous General Dynamics Leader Fred Harris to Step Down January 1, 2017; Dirk Lesko to Lead Bath Iron Works; Kevin Graney to Lead NASSCO General Dynamics (NYSE: GD) said that in the wake the retirement of Frederick J. Harris effective January 1, 2017, Dirk A
AVEVA partners with Vietnam Shipbuilding Industry Association and The School of Transportation Engineering of Hanoi University of Science and Technology AVEVA announced the beginning of a partnership with two institutions in Vietnam