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Marco Polo Marine 1HFY2021 EBITDA More Than Triples to S$3.9 Million

First Half EBITDA surges 255% YoY to S$3.9m on the back of higher revenue and margin expansionPositive signs have emerged recently, indicating the sector downturn may be bottoming-out SINGAPORE ...

Taiwan Navy launches first locally-built rapid mine-laying vessel

The Navy on Tuesday (Aug 4) held a launch ceremony for Taiwan's first domestically-built rapid mine-laying ship as well as a keel-laying ceremony for the second of four minelayers that are part of...

Mozambique drops appeal in South Africa over former minister

MAPUTO, Mozambique (AP) — The Mozambican attorney general’s office on Monday withdrew its appeal to South African courts to have former Finance Minister Manuel Chang extradited back home amid a massiv...

Taiwan begins constructing 4,000 ton Coast Guard patrol vessel

TAIPEI (Taiwan News) – It was revealed this week during a budget committee meeting at the Legislative Yuan that the Taiwan Coast Guard’s first heavy patrol ship, which will weigh approxima...

Terry Gou urges no arms race, Tsai: Tell it to China

TAIPEI (Taiwan News) — President Tsai Ing-wen advised Foxconn tycoon Terry Gou (郭台銘) to “tell it to China” today (April 29) in response to his criticism of Taiwan’s recent arms...

Iran media reports battery explosion on sub kills 3

TEHRAN, Iran (AP) — Iranian media are reporting three staff in the country's defense industries have been killed in an explosion in a submarine under construction in the country's south. ...

Taiwan's first amphibious assault vessel on schedule for 2021 launch

TAIPEI (Taiwan News) – Taiwan’s Ministry of National Defense confirmed its first ever amphibious assault vessel is on schedule to enter into service in 2021, during the Kaohsiung Internati...

Taiwan’s new ocean research fleet to be delivered in June 2019

TAIPEI (Taiwan News) – CSBC Corporation, Taiwan (台灣國際造船) held a steel-cutting ceremony to announce it had begun to build the third of three new ocean research vessels for Taiwan's Ministry o...

Taiwan military to expedite production of new navy corvettes

TAIPEI (Taiwan News) – On Monday, May 14, the Minister of National Defense Yen Teh-fa (嚴德發) announced that the country would be expediting the construction of new navy corvettes, which the Minis...

An ambitious future planned for defense shipbuilding in Taiwan

TAIPEI (Taiwan News) – One of the key strategic areas discussed at the Taiwan-U.S. Defense Business Forum in Kaohsiung on May 10 was Taiwan's shipbuilding industry. During the talks Liu S...

President Tsai optimistic for Taiwan's defense industry

TAIPEI (Taiwan News) – President Tsai Ing-wen received a delegation from the American Enterprise Institute (AEI), a Washington D.C. based think tank on April 16 to discuss democracy and security...

'Made-in-Taiwan' Amphibious Transport Ship to begin construction this year

TAIPEI (Taiwan News) – A spokesperson for the Taiwan Navy confirmed on April 16 that construction on the domestically produced Amphibious Transport Ship (塢運輸艦) would begin this year, and the shi...

Ching-Fu CEO charged with fraud by Kaohsiung District Prosecutor's Office

TAIPEI (Taiwan News) – On Monday, Feb. 12, the chairman of the Ching Fu shipbuilding company (慶富造船), along with two associates and two family members were charged with loan fraud for falsifying ...

Investigation continues into the Ching Fu shipbuilding case in Taiwan

TAIPEI (Taiwan News) – A day after 23 high-ranking military officers were censured for a navy ship building scandal, investigators stormed into the Kaohsiung City Marine Bureau and the residence...

Taiwan President backs defense autonomy despite navy ship contract scandal

TAIPEI (Taiwan News) – As a navy ship building scandal is swirling around the Ministry of National Defense (MND) and 23 high-ranking military officers are being censured for dereliction of their...