Shipbuilding
3,156 stories, page 131 of 132
Massive Ship Order in China
While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner…
Costamare Invests in Fleet Expansion
Costamare Inc. (NYSE: CMRE) announced that it has contracted with Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships, each of about 9,000 TEU capacity…
Report: Ship Delivery Underperformance in 2010
Industry concerns over the glut of newbuilding deliveries last year may have been overplayed as the three major shipping market segments - dry bulk, container and tanker - avoided significant oversupply, according to…
Hudong-Zhonghua Selected to Build LNG Carriers
Exxon Mobil Corporation (ExxonMobil) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong), a subsidiary of China State Shipbuilding…
World's Largest Shipyard Expects 54% Order Boost in '11
Hyundai Heavy Industries, the world’s largest shipyard, expects to boost orders 54 percent in 2011, driven by new ship and offshore demand, according to a recent report on Bloomberg. The news agency, citing a regulatory…
Report: DSME Targets $11b Orders in 2011
Daewoo Shipbuilding & Marine Engineering aims to secure $11 billion in orders next year, according to a Reuters report. The global news service quoted Sang-tae, chief executive of the South Korean shipbuilder, that the…
Transpetro: Bid for 8 Ships by Year End
Transpetro will launch, by the end of this month, a new bid in view of contracting eight ships to be used for the transportation of oil by-products, in the second phase of the Fleet Modernization and Expansion Program…
Wärtsilä Joins Sustainable Shipping Initiative
Wärtsilä has joined the Sustainable Shipping Initiative (SSI), a program initiated by Forum for the Future. The initiative brings together the industry's leading organizations to show what can be done for shipping to…
STX Finland, USC Announce Arctic Shipbuilding JV
STX Finland Oy and United Shipbuilding Corporation (USC) have formed a joint venture company, which will specialize in arctic shipbuilding technology. An agreement for the formation of the new company, Arctech Helsinki…
Vancouver Shipyards Short Listed for Shipbuilding Program
Vancouver Shipyards Co. Ltd. (VSY), part of the Washington Marine Group Shipyards Division, has cleared the first hurdle in the government selection process to be one of two shipyards to build the country’s future Naval…