Shipbuilding has been at the heart of South Korea’s economic development over the past few decades, playing a leading role in bringing its people out of poverty. In 1960 South Korea had 25% unemployment and in 1962, prior to the launch of its first five-year plan, had an income per capita of just $8
Eastern Shipbuilding Group, Inc. announced the christening and subsequent launching of the M/V HOS RED ROCK for Hornbeck Offshore Services, LLC. The event was held at Eastern’s Allanton facility with hundreds of Eastern employees and guests. Attending from Hornbeck was William “Bill” Krewsky, Direct
Ongoing experience of MacGregor’s offshore cranes has played a significant role in BOURBON ordering another 150-tonne active heave-compensated subsea MacGregor crane. MacGregor, part of Cargotec, has won an order for a 150-tonne active heave-compensated (AHC) subsea crane from leading offshore oil &
The first warship built by BAE Systems for the Royal Navy of Oman (RNO) as part of Project Khareef for the design, build and delivery of three corvettes, has been formally handed over in a ceremony at HM Naval Base Portsmouth today. Employees and guests, including senior representatives from the Roy
Eastern Shipbuilding Group, Inc. has announced that Hornbeck Offshore Services, LLC. has executed contracts for two 302 ’x 76 ’x26’ Multi-Purpose Supply Vessels. Eastern is currently under contract to construct four 292’ and six 302’ OSV’s for Hornbeck, now adding two MPSV’s each built to a design f
ABB, the leading power and automation technology group, has been awarded an oil and gas contract worth $20 million for providing power and automation technologies to a floating production, storage and offloading vessel (FPSO) built by the Chinese shipyard COSCO Nantong for Dana Petroleum. The contra
The Honourable Peter MacKay, Minister of National Defence, on behalf of the Honourable Keith Ashfield, Minister of Fisheries and Oceans today announced funding of up to $488M to procure 18-21 new vessels for the Coast Guard Fleet. Minister MacKay made the announcement during the 2013 Mari-Tech Confe
APL, a subsidiary of Singapore’s Neptune Orient Lines, has taken delivery of a newbuild 14,000-TEU container vessel from Hyundai Samho Heavy Industries. The ship, named the MOL Quality, first named the APL Advance, comes as the fourth of ten 14,000-TEU vessels and has been chartered to Mitsui OSK Li
In April TGE Marine Gas Engineering signed a contract with Dalian Inteh Group for the design and supply of the gas handling system as well as cargo tank material package for a 28,000 cbm LNG-carrier which came into effect in mid-June. The ship shall be built at COSCO Dalian Shipyard and is scheduled
Wallenius Lines and Tianjin Xingang Shipyard in China have finalized and signed a contract to build two Post Panamax vessels for delivery in 2015 and 2016. “We believe in a strong market for our segment of shipping, and are pleased to have concluded the negotiations with Tianjin Xingang Shipyard in
The Danish company Insatech A/S has developed the Smart Sulphur Switch S3 system (S3) that minimizes shipping companies’ additional costs as a result of the requirements stipulated in MARPOL Annex VI concerning sulphur emissions in Emission Control Areas (ECAs) in North America, the Caribbean, the B
U.S. Navy and Austal USA held a keel laying ceremony for the future USS Montgomery, the Navy’s eighth littoral combat ship (LCS), June 25, in Mobile, Ala. The keel-laying ceremony recognizes the first joining together of a ship’s components. While modern shipbuilding processes allow fabrication of i
Inocean has been awarded the job to modify container/refrigerated cargo vessels, Messina Strait and Magellan Strait, for the Dutch company, Seatrade Groningen B.V. The target is to modify existing ships in order to incorporate vessels inline with Seatrade chartering standard. The task includes ensur
Chengxi Shipyard delivered the fourth 35,500 DWT Trillium Class self-unloading laker to the Canada Steamship Lines (CSL) on June 20. The SUL vessel, named “Baie Comeau”, measures a Seaway maximum 225.6 by 23.8 metres, features custom hull design for increased cargo lift, EPA Tier II compliant main e
