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...


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...


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...


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...


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...


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...


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...


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...


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...


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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