News

Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010 as opposed…

China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be…

Fulcrum Maritime Systems is now offering Long-Range Identification and Tracking (LRIT) services through the Iridium satellite network.Fulcrum operates the LRIT national data centers and acts as the recognized LRIT Application Service Provider…

Samsung Heavy Industries said on 16 June in a regulatory filing that it "is participating in the bidding process for Royal Dutch Shell's LNG-FPSO construction project but the result is yet to…

The Havyard Group, Norway, has signed a contract with Smart Shipinvest to build a Havyard 848 SMART AHTS with an option for one additional vessel. The first vessel will be delivered in…

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…