The new factory for W
Going up the Eastern Seaboard the fleet is passing by a continuous display of aviation history. Cape Canaveral and the Kennedy Space Centre have been left to the south, Kitty Hawk, where the Wright Flyer made the first powered flight back in 1903 is to the west, and they have just finished being buz
A ship carrying deck sections for the new Tacoma Narrows bridge hit the old bridge last week because engineers miscalculated the height of the underside of the old bridge, the state’s project manager says. The ship had 16 deck sections stacked 135 feet above the water level. The bridge builders thou
Japan has ordered a destroyer with advanced radar to return early from multinational war games in the Pacific Ocean over concerns about a possible North Korean missile launch, a news report said Thursday. The destroyer is being recalled from exercises with ships from the U.S. and other allies in wat
ESNAAD a wholly owned subsidiary of ADNOC, has become the first Middle East based ship owner to order a vessel of UT-Design from Rolls-Royce. The contract covers the supply of two vessels with full of Rolls-Royce equipment Construction of the UT780 Anchorhandling Tugs (AHTS) has begun in Indonesia f
CHINA Shipbuilding Industry Corp, one of the nation’s two state-run shipbuilding groups, plans to triple its turnover by 2015 when it expands its building capacity to meet rising global demand. The Beijing-based group said yesterday it expects to achieve a turnover of 150 billion yuan (US$18.75 bill
The new model, developed and constructed in the Avigliana shipyards, will be unveiled at the forthcoming Genoa International Boat Show 2006. The new 47′ is the latest stylistic development from Stefano Righini for the Azimut Fly Bridge range, with its characteristic superstructure windows, the skilf
Today Concordia Maritime took delivery of Stena Performance, the forth vessel in the P-MAX series of total eight vessels. The vessel is as previously announced chartered for five years to the American oil company Amerada Hess Corporation. Concordia Maritime is an international tanker shipping compan
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard, said it has received a 509 billion won ($531 million) order to build container ships for a customer in Panama. The Seoul-based company will build an unspecified number of container ships and deliver them by April 30,
Gulf Drilling International (GDI), a 60:40 joint venture between Qatar Petroleum and Japan Drilling Company, has secured a $130mn syndicated term loan from QNB and Standard Chartered Bank. The purpose of the term loan is to finance the purchase of GDI
Frontline has as reported in the Company’s First quarter report ordered four VLCC new buildings at Jignan Shipyard in China for delivery 2009 and onwards. Two of these originally newbuilding contracts have in the second quarter been sold to third party including an element of profit. Frontline has s
Moller-Maersk A/S, the world’s biggest container shipping company, cut its outlook for 2006 profits yesterday in part due to falling freight rates, sending its shares sharply lower. Moller-Maersk said it expected net profit this year to fall 20 per cent from its 2005 result of 20.2 billion kroner (e
Damen Shipyards Singapore (the specialist builder of fast aluminium vessels of the Damen Shipyards Group) has been awarded a contract by the Singapore Government for ten high speed patrol vessels. Designated ‘Damen Stan Patrol 3507’ the vessels will be operated by the Singapore Police Coast Guard. T
The United States Navy awarded a team led by Lockheed Martin a $198 million contract to build a combat ship, officials said Tuesday. The project will be headquartered in Middle River. This will be the Navy’s third Littoral Combat Ship, the second built by Lockheed Martin (NYSE: LMT). “We are excited
