On Monday, American shipbuilder Philly Shipyard said that it posted a net loss of $36 million for the year to date, including a $17 million write-off for the cancellation of two container ships for TOTE Maritime.
The largest ever high-speed catamaran, which will operate on LNG fuel, will feature a fully integrated scope of supply from the technology group Wärtsilä.
Mitsui OSK Lines (MOL) has confirmed a decision to equip 80 of its operated bulk carriers on a trial basis with a new energy-saving analysis service developed by Helsinki-based software company NAPA.
Despite the fact that shipbuilding orders awarded to Korean dockyards have seen an increase, local media informed that the need to confirm whether the increase is temporary or sustainable over the long term remains.
China's largest private shipbuilder Yangzijiang Shipbuilding has formed a new joint major Japanese shipbuilders Mitsui E&S Shipbuilding (MES-SC) and Mitsui & Co based at one of the Chinese company's existing yards.
At a press conference Tuesday, Fincantieri CEO Guiseppe Bono expressed continued hope for the creation of what he has dubbed an "Airbus of the Seas" - a tie-up for naval shipbuilding with France's Naval Group.
State-owned Finnish polar services company Arctia has tested the oil-recovery capabilities of its LNG-powered icebreaker Polaris at sea for the first time.
