Shipyards News

German federal and state governments will invest 400 million euros ($445.84 million) in Meyer Werft, one of the world's top makers of cruise ships, for an 80% stake to secure the future of the company, a local government minister said on Wednesday.The support plan also includes guarantees for 2.6 billion euros in loans for the family-owned company, said Olaf Lies, economy minister in the state of Lower Saxony.Meyer Werft's home state agreed the support plan together with the Berlin government and other stakeholders.The shipbuilder with a 229-year history boasts full order books but is facing a

A few weeks ago, a U.S. Coast Guard cutter spotted several Chinese military ships within the U.S. exclusive economic zone just 200 nautical miles off the shores of Alaska. This incident underscores how brazen our adversaries are becoming in the face of a diminished U.S. maritime presence. China’s brazen actions are backed by the world’s largest naval fleet that they have accumulated over the past several years while our maritime capacity has declined. There is a real threat that…

North Star has confirmed that India-based Cochin Shipyard will build its new hybrid-electric service operations vessel (SOV), bound for EnBW on a decade-long minimum charter at offshore wind farm in Germany.The contract award for Cochin Shipyard follows the one secured by North Star from EnBW on February 1, 2024, which outlines the engagement of the SOV at the He Dreiht offshroe wind farm.The hybrid-electric newbuild is of VARD 407 design which has been tailored to meet EnBW’s…

The United States and Japan are looking to make a deal for Japanese shipyards to regularly overhaul and maintain U.S. Navy warships so they can stay in Asian waters ready for any potential conflict, U.S. Ambassador to Japan Rahm Emanuel said on Friday."China watches what ships are coming in and out. It is not like this is a secret, they know what's happening. So therefore, they take an evaluation of your deterrence," Emanuel told reporters at the Yokosuka naval base near Tokyo.Unchallenged in Asian waters for decades, the U.S.

UK-based Harland & Wolff Group said Tuesday that its recently opened Miami-based office had been awarded its first contract for circa $1.5 million.Under the contract, the company will support TampaShip - part of the Edison Chouest Group, based in Tampa, Florida - in the completion of the construction of a floating dock for the Bollinger shipyard facility in the Gulf of Mexico.Fabrication work has started and is expected to be completed within the next three months."The company is very active in building its pipeline of opportunities in the USA.

Colonna's Shipyard said Wednesday that its President & CEO, Tom Godfrey, would retire effective December 31, 2023. Randall Crutchfield has been named to replace Godfrey as the company’s Chief Executive Officer (CEO). Crutchfield is currently Executive Vice President & Chief Operating Officer (COO). Additionally, Jordan Webb, currently Executive Vice President of Shipyard Operations, will become President & General Manager. Both appointments are effective January 1, 2024.“Randall…

In the 45 years since the Arab Shipbuilding & Repair Yard (ASRY) opened on reclaimed land in Bahrain, the Middle East has become one of the world’s ship repair hotspots. A broad range of shipyards now service both regional and global markets.Regional yards have a ready market, with hundreds of offshore rigs working across the region together with the service ships that support them. Then there are thousands of tankers and gas carriers that arrive each year to load energy cargoes for far-flung destinations.

The South Korean government on Monday called on striking workers at Daewoo Shipbuilding & Marine Engineering (DSME) to end their month-long siege of a dock at the company's biggest shipyard, which has paralyzed production and is delaying delivery of new vessels.Finance Minister Choo Kyung-ho called the occupation "outright illegal" and pledged a "stern response based on law and order."The shipyard near the city of Geoje, off the country's south coast, is one of the world's largest.

Belfast-based shipyard Harland & Wolff has appointed a new General Manager, Tom Hart to its Appledore site.Harland & Wolff, famous for building the Titanic, is today a multisite fabrication company, operating in the maritime and offshore industry through five sectors: commercial, cruise and ferry, defense, oil & gas, and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.Hart joins Harland & Wolff (Appledore) from Dubai-based Drydocks World where he was Director of Projects & Engineering.

As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade. Almost all of the current fleet of international wind turbine installation vessels will be technically redundant as installation vessels by 2025 as a consequence of the rapidly growing wind turbine sizes, greater water depths and increase in foundation size.