General
Western Marine targets more orders
Bangladesh's Western Marine shipyard is eyeing more south-Asian orders after making its European breathrough. This week, the yard is laying the keels of two ferries ordered earlier this year in Pakistan by Karachi Port Trust. It believes ther...
2010-10-21 08:21:50
Nigeria, S/Africa sign MoU on shipyard
Nigerian government has embarked on collaboration with South Africa on ways of developing maritime potentials in Nigeria, particularly in the area of ship building and ship repairs. The partnership deal is being brokered on behalf of government b...
2010-10-20 08:24:50
Boustead wins state order
Malaysia's Boustead Heavy Industries saw its shares gain in value after landing a patrol vessel contract. The shipbuilder's subsidiary, Boustead Naval Shipyard, will build six combat ships for the government. This sent the stock up 2.4% to MY...
2010-10-19 07:59:33
Wartsila sheds more employees
Finnish ship engine giant Wartsila is continuing its reorganisation with more job cuts in support functions. The company wants a global approach to support and information management services to avoid overlaps. This will result in about 400 jobs ...
2010-10-19 07:56:33
BKM expands into shipowning
Asian engineering and shipyard group Beng Kuang Marine (BKM) is looking to add "shipowner" to its résumé. The Singapore-listed outfit says it preparing to expand and diversify its shipping activities, according to exchange filings. ...
2010-10-19 07:54:13
MMHE IPO oversubscribed
Malaysia Marine and Heavy Engineering's initial public offering has been oversubscribed by more than 20 times, two fund managers with direct knowledge of the matter told Reuters. Bids for the auction far exceeded earlier estimates that placed the...
2010-10-18 07:37:29
Restructuring for survival
Prime Minister of Vietnam, Nguyen Tan Dung assigned Nguyen Ngoc Su, deputy chairman of the Vietnam Oil and Gas Group (PetroVietnam), as chairman of the Vietnam Shipbuilding Industry Group (Vinashin) as of October 9. Previously, Deputy Minister of...
2010-10-15 09:30:19
ASRY income falls to $106m
Arab Shipbuilding & Repair Yard Company (ASRY) earned a net operating income of $106.35 million for the first nine months of the current fiscal. The company said it repaired 147 vessels during the period, but sales dropped compared with the same ...
2010-10-15 08:05:14
Daewoo Mangalia hit by strikes
Daewoo Mangalia Heavy Industries (DMHI) in Romania has been hit by another strike over pay. 1,200 unionized workers at the shipbuilder, controlled by South Korea's Daewoo Shipbuilding & Marine Engineering, walked out on Monday during collective b...
2010-10-15 07:52:42
Austal awarded $205m JHSV contract
Austal USA, Mobile, Ala., is being awarded a $204.6m modification to previously awarded contract (N00024-08-C-2217) for the exercise of construction options for ships four and five of the Joint High Speed Vessel (JHSV) program. The JHSV will prov...
2010-10-14 08:11:42
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