Month: January 2007

The US Navy has awarded Northrop Grumman Corporation a $268 million contract for continuation of detail design efforts on the Zumwalt-class destroyer, DDG 1000. "This award reinforces the Navy's confidence in our…

Hudong Heavy Machinery in China plans to raise RMB 12 billion ($1.54 billion) from a share placement that it will use to fund its purchase of shipyards and to invest in new…

BAE Systems, the UK?s biggest defence contractor, is poised to win control of the Devonport dockyard, home to Britain's nuclear submarine fleet, after Babcock International appeared to draw back from making an…

The amount of overseas investment by Korean businesses last year more than doubled over that of previous year but at the expense of domestic investment. To make the matter worse, foreign investment…

The salvage problems surrounding ultra-large vessels will provide the focus for the International Salvage Union?s (ISU) fourth Associate Members? Day meeting in London on 7 March. The meeting will be attended by…

Maritime operations supporting the Arctic region?s oil, gas and mineral reserves are poised for vast growth but the potential for high returns is matched by a unique set of risks for a…

The China State Shipbuilding Corporation (CSSC) became the world's third largest shipbuilding conglomerate last year, behind Korea's Hyundai Heavy Industries and Japan's Imabari Shipbuilding Company. CCSC, which ranked fifth in the world…

The first Anchor Handling Tug Supply (AHTS) vessel, Sea Cheetah, from Jaya Shipyard in Singapore is expected to be delivered on 8 February which was the original delivery date. Deep Sea Supply…

Wärtsilä has won a contract from Vinashin Shipbuilding Industry Corporation in Vietnam to supply fixed pitch propellers (FPP) for a series of five bulk carriers under construction for UK-based shipowner Graig Group.…

Gardline Australia Pty Ltd, a subsidiary of Gardline Group in Great Yarmouth, UK, has signed a one-year contract for ?Triton? to augment the customs patrol boat fleet as the Australian Government strengthens…