General News

The Islamic Republic of Iran Shipping Lines (IRISL) took delivery of the 2,188 TEU container vessel, Iran Bushehr, from domestic shipbuilder Iran Shipbuilding and Offshore Industries Complex Co. (ISOICO). The $188.5 million…

Korea Metal Worker?s Federation has decided to expel the workers union of Hyundai Heavy Industries. A statement from KMWF said that HHI?s labour union has not supported KMWF?s guideline and the Federation…

Italian shipping company MSC Crociere has confirmed that it is going ahead with an order for two 1,275 cabin cruise ships for delivery in June 2006 and spring 2007. Both vessels will…

Malaysian Merchant Marine (MMM) has entered into negotiations to form a joint venture (JV) with Iraqi Oil Tankers (IOTC) to operate as a bunker trading supplier in Umm Qasr in Basrah and…

The NMRI (National Maritime Research Institute) in Japan has developed a radical new sail propulsion system for commercial ships. In recent tests based on route calculations for a bulker carriers equipped with…

Korean shipbuilding industries will maintain its dominance until at least 2015 with a world market share of 40% according to Korea Institute For Industrial Economics & Trade (KIET) at the seminar held…

Hyundai Heavy Industries delivered a crank-shaft for a Wartsila 12RT-flex96C engine to Diesel United in Japan. The crankshaft will be installed in an 8,100TEU container ship to be built by IHI Marine…

The world?s three leading shipbuilders are reportedly about to secure multimillion-dollar orders to build 16 of the world's largest LNG carriers for Qatar. Daewoo Shipbuilding & Marine Engineering and a consortium formed…

BMT Fleet Technology Ltd, a subsidiary of British Maritime Technology Ltd (BMT), has acquired Vancouver-based Peter S. Hatfield Ltd, a naval architecture and marine engineering consultancy. This follows the opening of a…

A summit of UK shipbuilders has been convened by the UK?s Defence Procurement Agency which has asked representatives of shipbuilding companies to attend a meeting to discuss proposals for Britain?s naval programmes…