News

South Korean shipbuilder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy. Daewoo said it would submit specifications to supply two 1,400-tonne…

The US Navy's first Littoral Combat Ship (LCS), USS Freedom (LCS 1), successfully conducted its second and final round of acceptance trials last month. The 378-foot Freedom, designed and built by a…

Germany?s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. A TKMS spokesperson confirmed that the group wants to…

German shipbuilding group Hegemann has applied for state guarantees of Euro 9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the…

Croatian shipyard Brodosplit has won another newbuilding order from French ferry operator CMN for a fruit-juice carrier. Last year, the yard secured a contract for a ro-pax from the same owner. No…

Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on 1 July. Oshima has set up a 100%-invested…

Wärtsilä has introduced a new, comprehensive package of services, designed to cost efficiently manage hot and cold vessel lay-ups. Reduced transportation demand, over-capacity, and low freight and charter rates have become a…

South Korea's first icebreaking research vessel ?Araon' has recently been launched at Hanjin Heavy Industries & Construction shipyard in Busan City. The research vessel is expected to be used for the exploration…

Germany's Schiffahrtskontor Altes Land is to enter the deepwater oil and gas construction market after signing a deal with Norway's Bergen Group for a new ship. SAL intends to order an advanced…

A French appeal court has confirmed the liquidation of ship repair yard Union Naval Marseille. The original March decision had been contested by UNM's workforce. Workers' spokesman Jean-Luc Guasco said the decision…

Japanese shipbuilders could yet be hit by order cancellations as the regional shipowning community based around the Seto Inland Sea prepares to pull out on verbal shipbuilding deals.The yards have been generally…

Danaos has delayed the delivery of five 12,600 teu containerships by a year, to 2012. This brings the total number of newbuilding delivery delays worked out by John Coustas, the Athens-based containership…

Negotiations between Samsung Heavy Industries and shipowners Compania Sud Americana Vapores of Chile and German owner Peter Dohle surrounding orders for 12 mega-boxships have yet to reach a conclusion. An SHI source…

China's government is seeking to expand its share of the global shipbuilding industry to more than 35% by 2011, aiming to raise production to 50 million tonnes by then. The plan includes…

There has been a resurgence of interest in conversion work as companies look at offshore units again. According to Drydocks World executive chairman Geoff Taylor, the company has seen increased interest in…

Reuters reported that Indian shippers are cutting their acquisition plans and buying vessels in the second hand market instead of placing new orders as overseas funding, their biggest source of financing, dries…

According to a report issued by China Association of the National Shipbuilding Industry (CANSI), China's shipyards continue to scrape along with continuing declines in new business and growing risk of cancelled orders.…

Rolls-Royce, power electric systems division (formerly known as Scandinavian Electrical Systems) has developed a system for converting old diesel mechanical systems into more efficient electrical propulsion Suitable for platform supply ships, coastal…

Wärtsilä has opened a new office and workshop complex in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home to the Mexican…

Berg Propulsion has signed a contract with Dubai Shipbuilding and Engineering to deliver the first two production units of the Berg Propulsion Azimuth Thruster (BAT) in early 2010.The BAT is designed in-house…

Kongsberg Maritime has launched, at NorShipping, what it describes as an industry first, an integrated aft bridge workstation, which combines navigation, control and manoeuvring functions in one unit. The K-Master provides access…

At NorShipping, tanker industry body Intertanko reinforced its support for IMO action on emissions to air, but expressed considerable concern about the EU plans to impose strict limits for sulphur emissions in…