General News

Effect Ships International AS in Sandefjord, Norway, has just launched its first air supported vessel (ASV) monohull with pod propulsion. The ASV technology is the result of more than 8 years of…

OSX Brasil SA, which is building a shipyard in Brazil with South Korea’s Hyundai Heavy Industry, said that it plans to bid for oil drilling rig and tanker contracts worth $2 billion…

Together with Voith Turbo Schneider Propulsion, the Canadian naval architecture firm Robert Allan Ltd recently unveiled a completely new tug design.

The growth in the effective supply of containerships has reached 19% so far this year as deliveries of new vessels have added 1.15 Mteu of new capacity and a further 1.28 Mteu…

Hyundai Heavy Industries has won a contract with Hong Kong-based Brightoil Petroleum to build five VLCCs at a total cost of $537.5 million.

South Korea’s Samsung Heavy Industries has won $630 million worth of orders to build five oil tankers and an offshore platform.