Algoma Central Corporation announced that it has received payments totalling $41.7 million from two Chinese banks on refund guarantees related to the cancellation of three ocean tanker shipbuilding contracts which occurred in 2010. “We are extremely pleased to announce the collection of these outsta
Ferus Smit shipyard in Leer (Germany) recently launched the ice-classed multipurpose vessel m.v. Reggeborg. The vessel, with a cargo capacity of 23.000 tons, measuring nearly 170 meters in length and 20,40 meters in width, is the largest vessel Wagenborg ever owned. This is also the largest vessel e
MOL Comfort Suffers Damage During Trip to Jeddah Mitsui O.S.K. Lines, Ltd. informed that the MOL-operated containership MOL Comfort suffered a crack amidships and ingressed water in the hold while under way from Singapore to Jeddah on the Indian Ocean on June 17, 2013 due to inclement weather. State
BAE Systems is offering 568 new apprenticeship places in 2014, the highest intake since the company was formed some 14 years ago and 181 more than the company offered in 2013. The new recruits will work at sixteen BAE sites in the UK and join the company in September 2014. The increase can in part [
Sembcorp Marine’s subsidiary PPL Shipyard has secured a repeat order to build a third Pacific Class 400 jack-up rig worth US$211.5 million (approx. USD 211.5 million) from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the third quarter of 20
Lockheed Martin Mission Systems and Training, Moorestown, N.J., is being awarded a $574,538,664 firm-fixed-price, multi-year procurement contract for the production of the Aegis Weapon System MK 7 equipment sets in support of the DDG 51 Shipbuilding Program. The company also won an option for Aegis
Eastern Shipbuilding Group, Inc. has launched another state-of-the-art vessel for Boldini S.A., Bravante Group of Brazil, the M/V BRAVANTE VII. The christening and launching ceremony was held on December 20, 2013 at Eastern’s Nelson Street Facility with hundreds of employees and guests. Cristiana Ma
Nam Cheong Limited today announced that the company has set a new record high in vessel sales with its latest contract wins of four vessels. The Group sold three Anchor Handling Towing Supply Vessels to its jointly controlled entity, PT Bahtera Niaga Indonesia (“BNI”) and one Maintenance / Work Vess
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured a contract with a new customer, Harkand Group (Harkand), for the design and construction of one Diving Support and Construction Vessel. The value of t
Western Fishers Shipyard Limited and Agro Food Services Limited signed agreement for building another fishing vessel on 24 December 2013. The shipyard has already built three Deep Sea Mid-Water Fishing Vessels for Agro Food Services, a sister concern of Sea Resources Group. F.T. Agro Food-1, F.T. Ag
Siem Offshore has entered into shipbuilding-contracts with Remontowa Shipbuilding S.A. in Poland for four (4) dual fuelled Platform Supply Vessels (“PSVs”). The vessels shall be of VS 4411 DF design. Siem Offshore has currently two vessels of similar design under construction for delivery in 2014 an
On 28 December 2013, the semisubmersible rig “Deepsea Aberdeen”, currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) in Korea, experienced water ingress on pontoon while moored at the yard’s quay. Immediate evacuation was commenced and the rig was stabilized on the sea
Brittany Ferries to Order World’s Largest LNG Powered Ferry Brittany Ferries, based in Roscoff, France, plans to construct an environmentally-friendly passenger ferry powered by LNG, which will be the world’s largest. “K” Line to Order Four Additional Next Generation Car Carriers KAWASAKI KISEN KAIS
The shipbuilding industry of Bangladesh has stepped into the Pacific by securing a new order from New Zealand. Western Marine Shipyard Limited has signed contract with New Zealand Ministry of Foreign Affairs & Trade for building a new Unrestricted International SOLAS (Safety of Life at Sea) Passenge
