Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said that its vessel utilisation for the fourth quarter 2018 was 32% compared with 13% for the fourth quarter in 2017.For the full year 2018, the vessel utilisation was 33%…
EMGS Vessel Utilisation Stands at 32% in 4Q Read More »
BAE Systems has received a $78.8 million contract for the maintenance and modernisation of the US Navy’s Arleigh Burke-class guided-missile destroyer, USS Shoup.The value of the competitively awarded contract could reach $87.6 million if all options ar…
BAE Systems to Modernise USS Shoup Read More »
The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC) began in Kaohsiung.An official statement from Taiwan coast guard said that the ship…
Taiwan: Jong Shyn Shipbuilding Bags CGA Ship Order Read More »
Analysts forecast the global shipbuilding market to grow at a CAGR of over 2% during the 2019-2023 period.According to Technavio analysts, one of the key factors contributing to the growth of the global shipbuilding market is the increasing seaborne tr…
Global Shipbuilding Market to Grow 2% by 2023 Read More »
The Australian government decided to increase cooperation with Tehran in marine industries and shipbuilding irrespective of the US sanctions, reports Mehr News Agency, quoting the deputy head of Iran’s Industrial Development and Renovation Organization…
Austalia, Iran Sign Shipbuilding Pact Read More »