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Daewoo Shipbuilding, Over $10b in 2009

Jan 05, 2009

According to a Jan. 5 report from Reuters, Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipbuilder, said on Monday it expected revenue in 2009 to reach more than $9.

India Strengthens Maritime Security

Jan 05, 2009

According to a Jan. 5 report from the Emirates News Agency, India has signed a $2.2b deal for eight Boeing P8I Multi-mission Maritime Aircraft (MMA) to strengthen its coastal and maritime interests.

Discussion of Shipbuilding Stimulus Plan

Jan 05, 2009

According to a report from China Daily, A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council,

Genco Takes Delivery of New Capesize

Jan 05, 2009

Genco Shipping & Trading Limited (NYSE:GNK) has taken delivery of the Genco Hadrian, a 170,500 dwt Capesize newbuilding. The Genco Hadrian is the sixth vessel

Keppel Secures $139m Contracts

Dec 29, 2008

Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiaries has clinched contracts worth $139m. The new orders include the upgrading and conversion of a Floating,

Bangladesh-$20m in Vessel Orders

Dec 29, 2008

According to a report from The Financial Express, Bangladesh has received orders worth $20m for building two small vessels and a tugboat from Middle East countries

Navy Signs 3rd Virginia-Class Contract

Dec 29, 2008

The Navy signed a five-year, $14b Multi-Year Procurement (MYP) contract for eight Virginia-class submarines Dec. 22. The contract, the third, or Block III, for the Virginia-class,

Navy Awards $14b for 8 Virginia-Class Subs

Dec 29, 2008

On Dec. 22, the U.S. Navy reaffirmed the strategic need for a robust, adaptable submarine force by awarding General Dynamics Electric Boat a contract valued at

LA Carriers Lady Loren

Dec 24, 2008

“This boat was five years in the planning,” said LA Carriers owner, Russel Plaisance, as he looked over a tug that he will place into operation by the end of December.

Commissioning of Incomplete Carrier

Dec 23, 2008

According to a report from The Virginian Pilot, the George H.W. Bush, the 10th and final aircraft carrier in the Nimitz class, will be pulled by tugboat to its January commissioning.

9 Bidders for SCI’s Super Tanker Contract

Dec 23, 2008

According to a report from the Wall Street Journal, six top firms from South Korea, the world’s biggest shipbuilding nation, two from China and one from India

NCL Halves Cruise Ship Order

Dec 23, 2008

According to a Reuters report, Star Cruises unit Norwegian Cruise Line (NCL) has cancelled its order for a second F3 cruise ship from shipbuilding group STX Europe,

Rough Seas Ahead for Shipyards

Dec 22, 2008

According to a report from China Daily, Chinese shipbuilders have taken a bigger hit than their foreign competitors from the global economic downturn, and the outlook

Hyundai Heavy, Daewoo Miss Order Targets

Dec 22, 2008

According to AsiaPulse, South Korea's Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co.,the world's No. 1 and No. 3 shipbuilder,

No Deal Feared on Daewoo Shipbuilding

Dec 22, 2008

According to a report from The Korea Times, Hanwha Group and the Korea Development Bank (KDB) are locked in a game of chicken over Daewoo Shipbuilding and Marine Engineering (DSME).

Flensburger Newbuilding No. 749

Dec 18, 2008

On Friday Dec 19 the naming and launching ceremony of a new 634 ft RoRo freight ferry will take place in Flensburg, Germany. The freight ferry is the thirteenth of fourteen RoRo vessels,

Tidewater Builds Diesel Electric

Dec 18, 2008

Tidewater began with the 1955 launch of the Ebb Tide, the first purpose-built boats to serve the Gulf of Mexico offshore oil industry. With over 400 vessels currently

Keppel Terminates MPU Heavy Lifter Project

Dec 17, 2008

Further to the announcement on 1 July 2008, Keppel Verolme BV, a wholly owned subsidiary of Keppel Offshore and Marine Limited, has decided, after evaluating all possible options,

SMM Istanbul-Shipbuilding Fair

Dec 17, 2008

The European shipbuilding and marine equipment industry, and also the Turkish government, look forward to the start of the new shipbuilding fair SMM Istanbul. This

NASSCO Awarded $940m - T-AKE Ship

Dec 17, 2008

General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE:GD) , has been awarded a $940m contract from the U.S. Navy for the construction of

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