The two shipbuilders
are heavily indebted to Korea's two state-run banks, as they have struggled with snowballing losses amid unfavorable oil prices and the worldwide industry downturn.
has been pushed to the brink by the impact of historically low oil prices, which caused delays in payments for complex offshore facilities.
Currently, the Subic shipbuilder
has 35,000 direct and indirect employees working on various operations at HHIC-Phil's Subic facility, which has helped Hanjin deliver 91 vessels since it started full operation at the Redondo Peninsula in 2008.
Jennifer Boykin, vice president of engineering and design at Newport News Shipbuilding, said the company asked itself if it could bring the same utility to sailors as it has been for shipbuilders
using augmented reality.
It comes after the companies Ferguson Shipbuilders
, Newark Joiners and Ferguson-Ailsa all went into administration following "significant cash flow pressure" in recent months.
However it was noted that the German shipbuilder
von Freyberg chairs Blohm + Voss, known for its military ship construction.
has been diversifying into offshore engineering to help weather the industry downturn.
Under the new contract, received through the subsidiary TTS Energy AS, the company will deliver a crane to shipbuilder
The release followed reports that Jaya could be taken over by the Dutch shipbuilder
In March, the shipbuilder
delivered the first unit.
of South Korea, the world's third-largest shipbuilder
BANKING AND CREDIT NEWS-9 February 2010-C Suisse, Itau Unibanco said to handle Brazilian shipbuilder
OSX IPO(C)1994-2010 M2 COMMUNICATIONS http://www.
consist of 1,064 civilians and 117 military that supervise ship construction at the six major shipbuilder
locations: Northrop Grumman Shipbuilding (Newport News, Avondale, and Ingalls), Bath Iron Works (Bath, Maine), Electric Boat (Groton, Conn.
Navy structures fixed-price and fixed-price, incentive-fee shipbuilding contracts and how labor- and material-cost indexes can mitigate shipbuilder
risk in either type of contract.
A world-renowned shipbuilder
returned to its historic home yesterday more than seven years after the company bearing its name collapsed.