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Defence Manufacturing Sector News

11 Jun 2015

IRClass Rules for Indian Naval Ships Released

The “Rules and Regulations for Construction and Classification of Indian Naval Combatant Ships”, developed by Indian Register of Shipping were formally released by the Chief of the Naval Staff, Admiral RK Dhowan, PVSM, AVSM, YSM, ADC  on 09 June 2015. The release took place in South Block, New Delhi, in the presence of Vice Admiral P Murugesan AVSM, VSM, Vice Chief of Naval Staff, Vice Admiral AV Subhedar AVSM, VSM, Chief of Materiel, Vice Admiral GS Pabby AVSM, VSM, Controller of Warship Production and Acquisition and other senior officers of the Indian Navy. The Indian Register of Shipping was represented by Mr Arun Sharma, Chairman and Managing Director, Vice Admiral B.S.

15 Apr 2014

ThyssenKrupp in Talks to Sell Swedish Shipyard to Saab

ThyssenKrupp is in talks to sell its Swedish marine defence unit to Saab after failing to reach a deal with Sweden for a new generation of submarines as the country tries to protect its defence manufacturing sector. The companies said on Monday that negotiations over the sale of ThyssenKrupp's Swedish shipyard with operations in Malmo, Karlskrona and Musko to Saab were at an early stage and that more information would follow. Sweden had been seeking ways to share development costs with other potential buyers of its A-26 submarine but failed to agree on commercial terms with ThyssenKrupp, which also builds submarines in a separate business in Germany. Sweden saw the German company as a potential obstacle to the growth of the Swedish business in favour of its German unit.