Latest News for: Shipbuilders

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Clifford Chance advises China State Shipbuilding Corporation on antitrust aspects of merger with China Shipbuilding Industry Corporation (Clifford Chance LLP)

Public Technologies 26 Feb 2021
Clifford Chance advises China State Shipbuilding Corporation on antitrust aspects of merger with China Shipbuilding Industry Corporation ... The merger of the two largest Chinese shipbuilders represents a combined asset value of approximately US$115 billion (RMB790 billion), making the merged entity the largest shipbuilding company in the world.
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Shipbuilder boosts profit amid probe

The Daily Telegraph Australia 26 Feb 2021
Shipbuilder Austal has maintained its full year earnings guidance despite the disruption to supply chains and vessel deliveries caused by COVID-19 ....
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'Slow to deliver': Federal auditor general calls shipbuilding delays 'concerning'

CTV 26 Feb 2021
Canada’s auditor general has released a report into Ottawa’s national shipbuilding strategy, finding the strategy has been "slow to deliver" replacement vessels for the country’s aging Navy and Coast Guard vessels ... .
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Rubio, Colleagues Ask DOD to Commit to Navy Shipbuilding Requirements (Marco Rubio)

Public Technologies 26 Feb 2021
Navy's shipbuilding requirements to ensure America stands ready to deter Chinese provocations and to safeguard the future of freedom of navigation in the Indo-Pacific region ... Navy's shipbuilding plan ... Navy's shipbuilding requirements and America's overall ability to project power throughout the world ... Navy's shipbuilding plan.
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Navy and coast guard's shipbuilding plan plagued by delays

Castanet 26 Feb 2021
The warning is in a new report that offers a scathing assessment of the state of Ottawa’s multibillion-dollar national shipbuilding strategy nearly 10 years after it was launched ... “I am of the view that the shipbuilding strategy has been, by and large, successful,” Anand said.
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STRONGER SHIPBUILDING MARGINS DRIVE AUSTAL H1 EARNINGS TO $70.5 MILLION EBIT (Austal Limited)

Public Technologies 26 Feb 2021
Earnings growth driven by stronger shipbuilding margins in USA and Australasia ... Numerous USA steel shipbuilding and maintenance support tender opportunities ... We are now in an optimal position to pivot the business to capture new opportunities in USA steel shipbuilding and additional maintenance support contracts.' ... shipbuilding ~ 85%, support ~15%).
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Navy and Coast Guard’s Shipbuilding Plan Plagued by Delays, Auditor General Says

The Epoch Times 25 Feb 2021
The warning is contained in a new report tabled in the House of Commons that offers a scathing assessment of the state of Ottawa’s multibillion−dollar national shipbuilding strategy ...
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UK Shipbuilding Strategy to be Discussed at SMI Annual Conference

The Maritime Executive 25 Feb 2021
Maritime businesses and professionals from across the UK and the world are being invited to hear the Government and industry’s latest thinking on the future of the UK’s shipbuilding strategy at this year’s Society of Maritime Industries (SMI) annual conference, due to be held virtually on March 16 and 17.
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Navy and Coast Guard's shipbuilding plan plagued by delays, auditor general says

North Shore News 25 Feb 2021
The warning is contained in a new report tabled in the House of Commons that offers a scathing assessment of the state of Ottawa’s multibillion-dollar national shipbuilding strategy nearly 10 years after it was launched ... creating a Canadian shipbuilding industry, and boosting the economy.
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President of US shipbuilder resigns following investigation

Stars and Stripes 24 Feb 2021
MOBILE, Ala. — The head of Austal USA, which constructs ships for the U.S. Navy on the Gulf Coast, has resigned following an investigation by federal and Australian authorities into practices dating back more than four years, the company said Tuesday ... The company said it also had identified misallocation of some labor hours in the program ... ....
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Value for Money: The Conference Board of Canada Assesses the National Shipbuilding Strategy’s Impact (JD Irving Limited)

Public Technologies 24 Feb 2021
The Conference Board of Canada Assesses the National Shipbuilding Strategy's Impact ... Ottawa, ON -- The Conference Board of Canada has completed a detailed assessment of the current and future economic impacts of the National Shipbuilding Strategy (NSS) at the Halifax Shipyard.
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