Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipbuilder, said its profit fell 44% from a year earlier last month because of higher steel prices. Net income in July fell to…

Second-quarter profits at Aker Yards AS, Europe's biggest shipbuilder, plunged 78% as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry. Net income fell to…

Russia's largest shipping company, state-owned Sovcomflot, wants the government to float 35 to 40% of its shares to raise up to $300 million. The company?s general director Dmitry Skarga said the company…

Austal Ships has teamed with Raytheon Australia to bid for the upcoming Australian Government tender to build two 25,000 tonne 200 metre long amphibious ships, which is due to be issued in…

A union representing Canadian shipyard workers claims BC Ferries has already decided to have new ships built by in Germany. The allegation was made by George MacPherson, president of the B.C. General…

Dutch offshore engineering and shipbuilding group IHC Caland has reported a half-year profit of $53.8m which is well ahead of the $34.2m made in 2003 that included losses at the van der…

Wärtsilä has sold the product rights of the high-speed Wärtsilä 200 and 220 product family to Dresser Inc. Waukesha business unit in the USA. Wärtsilä will continue to provide service for the…

Norwegian Maritime Equipment has for some time provided portable and fixed fire fighting units for external fire on vessels and offshore installations. Recently, however, it introduced its own brand, the Nor-FiFi. Visitors…

ThyssenKrupp AG said all shipyard sites would be kept as part of its merger with One Equity Partners (OEP) unit Howaldtswerke-Deutsche Werft AG (HDW), which is expected to be contractually sealed by…

Tsakos Energy Navigation (TEN) has ordered one Aframax double-hulled tanker, with a carrying capacity of 105,000 dwt. The vessel, featuring a new design that will provide customers with new options for moving…