General News

South Korean shipbuilders may see their earnings worsen further this year due to the rising price of steel plates and the strengthening won. Hyundai Heavy Industries posted $35.5 million in profit last…

Hanjin Shipping in South Korea has signed a $283.5million contract with Hyundai HI to build three 6,622TEU container ships. These will have a length of 304m, a breadth of 40m and will…

Daewoo Shipbuilding is considering the construction of a dry dock in Weihai, China, at an estimated cost of more than $24 billion. The proposed dry dock will aim to build 20 new…

Todd Pacific Shipyards of Seattle, USA, has been selected to build four 105 metre long ferries worth up to $223 million for Washington State Ferries. The state will negotiate a design-and-construction contract…

Hyundai Mipo Dockyard has won six 1,800TEU container ships from German shipowner Claus-Peter Offen for delivery during 2008. Total contract price is $234 million. This latest order is an option declaration from…

Austal Ships has delivered ten patrol boats to the Yemen Ministry of Defence which placed the order in June 2003. Loading of the 37.5 metre boats, each weighing in at 90 tonnes,…

Harland & Wolff moved into profit in the last quarter of 2004 but lost money for the year as a whole, according to results posted today. Fred Olsen Energy, the Norwegian company…

Norwegian offshore shipowners Solstad announced that Ulstein Verft is to perform the conversion of their cable-laying vessel, Normand Clipper. The conversion is well underway at Ulstein Verft and is to be completed…

A technology platform of industry, national authorities, regulatory bodies, research centres and universities on the maritime industry sector has been launched to maintain Europe's leading position in the industry. Europe is the…

The latest hull-stress monitoring technology and the ability to turn around a crucial order in less than a week has seen BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), secure…

The Office of Naval Research (ONR) today christened its new X-Craft high-speed catamaran at the Nichols Brothers Boat Builders shipyard in Freeland, Washington. The innovative X-Craft, designed by Nigel Gee & Associates,…

Thanks to buoyant demand for its ship conversion and repair businesses, the Singapore shipyard of SembCorp Marine has recorded a 21% increase in last year?s net profits at $57.5 million. Revenue also…

Daewoo Shipbuilding & Marine Engineering (DSME) signed a $900 million contract with a consortium including Qatar Gas Transport Co. (QGTC) for the construction of four 216,000 cubic metre LNG carriers. Commerzleasing, a…

Astander has been awarded a contract for the conversion of the cable layer ?Provider I?, owned by a subsidiary of the Swiss Group Allseas Swiss-based Allseas Group SA, one of the major…

Br?drene Klovning Shipping in Haugesund, Norway, has ordered two 4,000 dwt chemical tankers from Volharding Shipyards in Holland. The vessels shall be delivered at the middle and at the end of 2006…

Spanish shipbuilder Izar has signed a contract with Norwegian shipping concern Knutsen to build a LNG carrier at its La Naval-Izar shipyard in Sestao near Bilbao. This is the first order for…

Having received the green light from the US Navy in October 2004 to proceed toward final manufacture of a 36.5MW ship propulsion motor, American Superconductor (AMSC) has continued to make excellent progress…

STX Shipbuilding has secured a newbuilding contract for four 62,000DWT product carriers and two 10,600DWT chemical tankers from a shipowner in Cyprus. The total value amounts to $252million and all six ships…

Rolls-Royce is providing its Kamewa waterjets for the US Navy?s X-Craft, an experimental ship due to be launched tomorrow. The high-speed aluminum catamaran X-Craft under construction at Nichols Brothers Boat Builders, Whidbey…

DNV has entered into an agreement with two universities in India, i.e. Indian Institutes of Technology at Kanpur and Kharagpur. Both universities are recognised for their excellence in the field of information…

The Arab Shipbuilding and Repair Yard (ASRY) has been awarded a $4 million contract by the Kuwait Oil Tanker Company (KOTC) to build a new 35 metre service boat which will service…

Hyundai Mipo Dockyard has set up a subsidiary, Mipo Engineering, to undertake ship design as well as other activities such as technology test and inspection. Choi Kil Sun, president and CEO of…