Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.
Adding to its roster of marina office locations at popular yachting destinations, Denison Yacht Sales has announced the opening of its four newest office locations.
French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the
Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.
Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process.
In 2014, a blossoming friendship between Australian
South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder, has received a contract termination for three floating liquefied
Korea's 'Big Three' shipbuilders are still the world's three biggest by order backlog, despite their troubled management, according to data from UK-based Clarkson Research Services.
Japan wants Australia to explain why it decided not to pick a Japanese design for a new fleet of submarines choosing instead a proposal from France's DCNS.
"The decision was deeply regrettable,
Fleet of 12 submarines to be built in South Australia; decision has political implications at home, abroad.
France has beaten Japan and Germany to win a A$50
AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings.
As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability
Shipbuilders Council: Proposed Budget Enables Naval Forward Presence and Protects U.S. National Security Interests.
The Shipbuilders Council of America (SCA)
Vroon Offshore Services, a Dutch offshore shipping company, has announced that the launching took place last week at COSCO Guangdong Shipyard,China of Gudali Express.
Navios Maritime Acquisition Corporation has agreed to sell two chemical tankers to an unaffiliated third party for a sale price of $74.6 million, resulting in an
Singapore conglomerate Keppel Corp posted a 41 percent fall in quarterly profit, its fourth straight decline, as offshore and marine segment revenue slumped because
To cope up with so much financial strain, Hong Kong-based shipbuilders China Ocean Industry Group – formerly known as China Ocean Shipbuilding Industry Group –
China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million.
Greatship Global Offshore Services Pte. Ltd., a Singapore incorporated subsidiary of Greatship (India) Limited (GIL), which is a wholly owned subsidiary of The Great Eastern Shipping Company Limited,
Norway's Defence Minister Ine Eriksen Søreide of the Conservative Party made it clear that there would be no submarine deal with Sweden, according to the Norwegian newspaper Verdens Gang.