Workers at the Tuzla shipyards, which have become infamous for frequent work-related accidents in recent months, now face the risk of unemployment as a result of the ongoing global financial turmoil. According to a news report from the Radikal daily, in the last month 1,000 workers have already been
The global economic turmoil has dampened investment enthusiasm at shipping companies, resulting in an 80 per cent year-over-year plunge in October shipbuilding orders in Japan, according to industry data released Tuesday. Speaking at a news conference, Shipbuilders’ Association of Japan Chairman Mas
Following troubled construction firms and savings banks, the government and creditor banks are now moving to put small-and medium-sized shipbuilders under the microscope for drastic restructuring. The preemptive restructuring is to minimize chain reaction bankruptcies of once-booming small-and mediu
In order to continuously ensure the safety of our crews as well as vessels and cargo, A.P. Moller – Maersk has updated the policy for vessels entering the Gulf of Aden and off the coast of East Africa. The update is a consequence of the recent development in piracy hijackings in the area. Vessels wi
Keppel Offshore & Marine has secured SGD 340 million dollars worth of contracts through its subsidiaries for the conversion of a floating storage and offloading vessel (FSO), the construction of an internal turret, the refurbishment and outfitting of a semi-submersible multi-service vessel as well a
With the dry bulk shipping industry in dire straits and everybody hoping for a market rebound as soon as possible, many eyes are turning towards shipbuilding activity, or rather shipbuilding inactivity, thus ship cancellations. The equation is simple: less tonnage on the market, rates increase. This
Potential US$1.6 billion shipbuilding program largest in Austal history Austal has won the contract to design and build the US Department of Defence’s next generation multi-use platform, the Joint High Speed Vessel (JHSV), as part of a program potentially worth over US$1.6 billion. As Prime contract
Burger Boat Company is pleased to announce the acquisition of ANGUS, a rare 48-foot steel-hulled Burger Cruiser built in 1939. Arriving in Manitowoc on Tuesday November 11, the 69 year old Burger made a brief stop at the Wisconsin Maritime Museum for local interested parties to see before continuing
Moonen Shipyards, a leading builder of “pocket-size superyachts,” has reached a significant phase in construction of the first yacht in its new 99 Alu semi-displacement series. At the beginning of October the superstructure was placed atop the hull of the new yacht, ready for welders to begin joinin
Newest Gulf Coast gateway provides access to all possible trade routes to and from the Port of Mobile. Today, the Mobile Container Terminal LLC (MCT), a joint venture between APM Terminals, Terminal Link, a division of CMA CGM, and the Alabama State Port Authority marks the official opening of its n
EXMAR today announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions. EXMAR has specifically formalised a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a proven provider of natural gas processing and lique
Offshore Solutions B.V., the joint venture between AMEC and GTI N.V, has been issued a Letter of Award, including associated services, by Qatar Shell for the provision of its unique innovative product, the “Offshore Access System” which allows the safe transfer of personnel from a vessel to an offsh
Feadship has delivered the second yacht in its groundbreaking SL39 modular concept. Kathleen Anne was christened at Koninklijke De Vries Scheepsbouw in Aalsmeer, The Netherlands, in late October. While the first SL39 Ocean Mercury has a classic Feadship look, Kathleen Anne features a modern exterior
Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit is supplying a complete suite of electronic navigation systems for a new megayacht being constructed in Italy. The 142-foot (43-meter) motoryacht, which is being built for a private owner at the Baglietto Shipyard in La Spezia, w
