Northrop Grumman 3Q profit rises, boosts forecast

Defense contractor Northrop Grumman Corp. said on Wednesday that its third–quarter profit edged up on contributions from its aerospace, electronics and technology businesses, and boosted its earnings guidance for the year. Shipbuilding was the only operating segment where profit dropped in...

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Croatia: Government approves 17.5 million Euro guarantee for Rijeka´s shipyard

The Croatian government has approved a 17.5 million Euro guarantee for Rijeka’s '3. Maj' shipyard to finish the construction of four ships ordered by Swedish clients in June.The warranties were given to Zagreb Bank, Hrvatska Postanska banka and the Croatian Bank...

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Nigeria, Korea explore new fields of economic partnership, bilateral relations

When the director general, Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, led a delegation of Nigerians to South Korea, the infrastructure gaps identified in the Nigerian maritime sector were huge. They include inadequate modern...

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Daewoo sale 'all ready'

Concerning the sale of Daewoo Shipbuilding & Marine Engineering, the Korea Development Bank president Min Yoo-sung said on Thursday, "The preparations are enough and we are now just selecting the right timing."  Click here to read more at Asiasis....

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Russia: Shipbuilding industry needs USD 12.8 bln in order to continue

The commercial shipbuilding industry is suffering from a dwindling fleet and scant domestic manufacturing, while needing USD 12.8 billion in investment over the next decade to keep the fishing fleet afloat, the government informed.At the first meeting ot the newly...

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Rig Report: Atwood Oceanics' CEO analyzes offshore rig trends

Focusing on both jackups and floaters, Atwood Oceanics (NYSE: ATW) CEO Rob Saltiel offers PennEnergy readers insight into emerging trends in the offshore drilling rig market. With nine existing rigs – four shallow-water, two midwater and three deepwater – Atwood...

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