Author: Importer

The U.S. Navy awarded a $213.8 million cost-plus-fixed-fee advance procurement contract to Northrop Grumman Corporation that will provide long lead materials for LPD 26, the tenth amphibious transport dock ship of the…

Wärtsilä officially opened its Manufacturing Technology Centre (MTC) in Vaasa, Finland. The MTC is a new concept for Wärtsilä, and is aimed at securing and further developing its manufacturing competencies, and sharing…

Rolls Royce Marine Poland is planning a major overhaul of its production complex in the town of Gniew not far from Gdansk. The task of preparing the reconstruction project has been assigned…

Slovakia's Slovenske Lodenice Komarno (SLK) shipyard is to lay off 198 workers of its 685-strong workforce amid the shipbuilding slump. The jobs will go by the end of this year, the Danube…

A Chinese shipbuilding industry expert emphasized that government should strengthen the control of shipbuilding capacity growth to prevent excessive yard facilities and achieve growth of Chinese shipbuilding industry. He also argued the…

A recent report from Drewry Shipping Consultants has analyzed the current newbuilding orderbook to assess the level of vulnerability and overcapacity. Drewry has established three stages of newbuilding demand between now and…

Glovis Co., a logistics company under the Hyundai-Kia Automotive Group of South Korea, appears to be planning to order pure car / truck carrier (PCTC) newbuildings. According to local media, the company…

The Greek controlled company Standard Development, described by brokers as a "new name" in shipping, is said to be behind an order at STX Offshore & Shipbuilding for up to eight medium-range…

"As of April, there are already some 1,000 cancelled newbuildings from all around the world and the number of cancellations is expected to increase further this year," according to the Class NK,…

Italian company ENI intends to build a shipyard in the Caspian Sea. The new facility will focus on building tankers with a displacement of up to 63,000 tonnes to transport crude oil…