General News

The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of…

Volvo Penta has launched its new propulsion system for boats, the Volvo Penta IPS (Inboard Performance System). The new system is claimed to dramatically improve speed while also being quieter, cleaner and…

The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows…

In order to export its LNG to India, Iran will require more than eight tankers, an official in National Iranian Oil Tanker Co. (NIOTC) said. "Although, detailed studies have not been carried…

China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year. In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003,…

Daesun Shipbuilding in South Korea has secured a contract for four 1,043TEU container ships from an undisclosed ship owner. Total contract price is $ 76.8 million and delivery is scheduled between 2007…

Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and…

Japanese shipping companies plan to invest over $34 billion to increase their fleets by 630 vessels in the next five years. The vessels to be acquired in the fleet expansion programmes that…

Hapag-Lloyd has ordered three 100,000 DWT post-Panamax containerships from South Korean shipbuilder Hyundai Heavy Industries. The 8,600TEU vessels will have a length of 335m, a width of 43m and the lead-ship will…

STX Shipbuilding has developed a ?Skid Launching System? involving building ships in two sections on land. After each section has been constructed, the two are joined in a floating dock. STX recently…