Northrop Grumman Corp. said Wednesday that its first-quarter profit rose 20.9 percent after setting itself free from its shipbuilding unit, which became Huntington Ingalls Industries Inc. on March 31.

The Indian shipbuilding and repair market is estimated to double from its 2010 revenue of $1.6 billion in the next five years. The primary driver of this growth will be increasing penetration of Indian shipbuilders and repairers in the offshore supply vessels (OSVs) segment.

SEOUL, April 25 — South Korea’s STX Offshore & Shipbuilding is close to winning up to a US$2.8 billion (RM8.4 billion) container ship order from Canada’s Seaspan Corp., a local newspaper said today. STX signed a letter of intent for a deal to build ten 14,000 TEU (twenty-foot equivalent units) sized carriers, each worth US$140 million, which also ...

It's taken two years but a new deal with the federal government that will bring 300 more jobs to Bay County is finally official. A $241 million dollar loan guarantee has been granted to the Eastern Shipbuilding Group of Panama City. It's payment for a project that will export vessels to Brazil.

Pyongyang, April 22 (KCNA) -- General Secretary Kim Jong Il provided field guidance to the Rajin Shipyard. After being briefed on the shipyard before a huge map showing its panoramic view, he went round different processes to learn in detail about shipbuilding.

Shipbuilding

Sweeping away recent worries on strong challenges from China, Korea led the shipbuilding business in a convincing fashion during the first three months of the year.

Huntington's "most seasoned shipbuilders," working alongside engineers and planners, recommended a more streamlined approach, focused on assembling components earlier, outside of the ship, before installing them onboard, according to Bob Merchent, a company vice president.

Shipbuilder to sell new shares to select group of investors. 12 Apr 2011 12:07 PM

China Shipbuilding Industry Co. plans to raise as much as 12.5 billion yuan ($1.9 billion) via the private placement of as many as 1 billion shares, according to a statement to Shanghai’s stock exchange.