Shipbuilding News

Fincantieri Delivers Third Cruise Ship in July as Profits Rebound

Published Jul 30, 2021 3:51 PM by The Maritime Executive

Fincantieri is continuing its strong rebound after the devastating effects of the COVID-19 pandemic in 2020 and the extended shutd...

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Meyer Werft and Unions Agree to 10 Percent Workforce Cuts

Published Jul 29, 2021 5:10 PM by The Maritime Executive

Shipbuilder Meyer Werft hard hit by the downturn in the global cruise industry reached an agreement with its union for a better th...

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American Firm Negotiating for Former Hanjin Subic Bay Shipyard 

Published Jul 27, 2021 8:15 PM by The Maritime Executive

More than two years after the large shipyard facility in Subic Bay in the Philippines closed due to financial difficulties, Philip...

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Investors Complete Purchase of STX Renaming Yard K Shipbuilding

Published Jul 27, 2021 1:02 PM by The Maritime Executive

The sale of South Korea’s financially troubled STX Offshore & Shipbuilding Company was completed today after eight years...

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Scripps Gets $35M to Build Hydrogen-Hybrid Powered Research Vessel

Published Jul 25, 2021 7:40 PM by The Maritime Executive

The state of California has set aside $35 million for the Scripps Institution of Oceanography to design and build a new coastal re...

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Keppel O&M Tests Engines Built for H2/LNG Blend

Published Jul 22, 2021 3:24 PM by The Maritime Executive

The technology group Wärtsilä has reached an agreement with Singaporean shipbuilder Keppel O&M to install a set of h...

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Surging Steel Prices Hurt Shipbuilders While Driving-Up Scrap Values

Published Jul 21, 2021 6:46 PM by The Maritime Executive

A surge in the price of steel is beginning to have an impact across the shipping industry. Shipbuilders are expected to experience...

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Mitsui E&S Delivers Last Commercial Ship Ending Shipbuilding Business

Published Jul 21, 2021 4:35 PM by The Maritime Executive

Mitsui E&S Shipbuilding Co. announced the delivery of a new 66,000 dwt bulk carrier. The twenty-third vessel in its class, it...

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North Star Plans World's First Hybrid Daughter Craft for Offshore Wind

Published Jul 20, 2021 8:29 PM by The Maritime Executive

The world’s first hybrid-powered daughter craft boats for the offshore wind market will be built in the UK for North Star Re...

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Chinese Shipbuilding Rebounds Including Innovative VLCC Designs

Published Jul 19, 2021 8:17 PM by The Maritime Executive

As the newbuild market continues to heat up with orders running strongly ahead of recent years, Chinese officials are promoting th...

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