News

Italian ferry operator Grandi Navi Veloci (GNV) has been granted the Fleet ComfortClass award by RINA, to certify the high level of comfort on board its whole fleet of cruise ferries. It…

The European Commission has approved a ?27 million scheme in Germany to provide innovation aid to shipbuilding. The scheme is the first of its kind to be approved after the entry into…

Scania, the Swedish engine builder, was awarded the Swedish Technology Award for its innovative approach to lowering both nitrogen oxide (NOx) and particulate (PM) emissions from its diesel engines. The technology involves…

Japanese shipbuilders received 58% fewer orders in January compared with the previous month as freight rates fell from last year's record highs. Orders for 21 vessels, totaling 1.1 million gt were placed,…

Italian ship builder Fincantieri is proposing to invest up to $52 million in a joint venture with Varna Shipyard, Bulgaria's main shipyard on the Black Sea. Fincantieri claims it could help the…

Hyundai Merchant Marine in South Korea will order four 8,600TEU and five 4,700TEU container ships. All nine vessels will be built by Hyundai Heavy Industries and Hyundai Samho Shipyard with the smaller…

Marine lubricants supplier TOTAL Lubmarine has updated and improved its well-known DIAGOMAR Plus marine lubricants analysis service by adding a new lubricants test and by making the reports faster to use and…

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…