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DSME delivers Korea's 2nd Aegis destroyer
South Korea's Daewoo Shipbuilding & Marine Engineering has held a delivery ceremony for the 7,600-ton Aegis destroyer 'Yulgok Yi I' at its Okpo Shipyard on August 31st. The ship is the 2nd KDX (Korean Destroyer eXperimental)-III destroyer, follow...
2010-08-31 15:23:32
Vinashin chief faces ax
The boss of beleaguered Vietnamese shipyard group Vinashin could soon be shown the door as two board members are axed as part of a probe into its near bankruptcy. Tran Quang Vu, the builder’s chief executive, has been asked by Vietnam’s prime ...
2010-08-31 08:35:27
Rongsheng-DNV inks cooperation
On August 27th, Jiangsu Rongsheng Heavy Industries Group signed strategic cooperation agreement with DNV. Meanwhile, nine newly-built ships from Rongsheng entered DNV class. In witness of the ceremony, Chairman Chen Qiang of Rongsheng, Chairman At...
2010-08-31 01:04:56
Blount bags ferry order
State-controlled ferry owner Casco Bay Lines (CBL) is tapping into federal stimulus money to fund a newbuilding penned at US shipyard Blount Boats. CBL says it is on the fringe of forking over $3.5m to the Rhode Island-based shipbuilder for the c...
2010-08-30 08:15:57
VLGC newbuilding prices rise
Newbuilding prices for very large gas carriers (VLGCs) are on the rise. Trader Petredec is reportedly in the process of inking an order for two 82,000-cbm ships at Hyundai Heavy Industries at $76m each. The price has come down some 19% from two...
2010-08-30 07:09:33
Conservative views spread
The shipping lines began to self-help and unite together since financial crisis broke out. So far it seems excellent. At least the container shipping industry stepped out of recession successfully. However, experts still held conservative views on...
2010-08-30 01:07:42
DNV launches ECA Survival Kit
DNV has launched an ECA (Emission Control Area) Survival Kit to help shipping companies and shipbuilders prepare for upcoming ECA regulations. Emission Control Areas have already been established in the Baltic Sea and the North Sea, and will be en...
2010-08-27 15:10:17
Bergen mulls job cut
Uncertainty over a series of newbuildings for Boa Offshore has once again raised the prospect of redundancies at Norwegian shipbuilder Bergen Group. Bergen Group Fosen was set to begin work on the first of the four anchor handlers for the Norwegi...
2010-08-27 08:31:04
Northrop Grumman announces layoffs
Northrop Grumman Corporation says its Northrop Grumman Shipbuilding subsidiary has issued a Worker Adjustment and Retraining Notification (WARN) for 292 employees at its Gulf Coast shipbuilding facility at Pascagoula, Miss. Reductions will impact uni...
2010-08-26 08:21:53
Oman Drydock aims high
State-owned Oman Drydock Company's (ODC) ship repair yard, under construction at the Port of Duqm on the Wusta coast, will provide more than just vessel maintenance and repair services. The world-class facility, scheduled to come into operation n...
2010-08-26 08:17:42
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