The US Navy released a rare assessment of its “shipbuilding challenges,” indicating that the first Columbia-class submarine, classified as the future cornerstone of America’s strategic deterrence, is facing delays, as are other next-generation vessels. “The purpose of the review is to provide an assessment of national and local causes of shipbuilding challenges, as well as […]
Posts Tagged ‘shipbuilding’
Turkey, Pakistan sign shipbuilding pact
Pakistan and a Turkish shipbuilder yesterday signed two contracts worth $33.46 million for the procurement of four azimuth stern drive (ASD) tugboats (LNG compatible) and two pilot boats, Pakistan Today reports. The agreements were signed between Port Qasim Authority (PQA) and Sanmar Shipyards, according to a statement issued by the Ministry of Maritime Affairs. Sanmar, […]
CBI welcomes foreign banks
Active presence of foreign banks could help reduce transaction costs including lending rates that have increased exponentially over the past few years, a senior official with the Central Bank of Iran said. Lower transaction costs, meanwhile, can help reduce the finished cost of locally manufactured products, promote and diversify banking services, Hussein Yaghoubnia, director general […]