General 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…

STX Offshore & Shipbuilding's recent order-intake for the construction of eight 50,400-dwt tankers (options for four units included), worth $340m ($42.5m per ship), has caused price controversy. Jo In-gab, Lee Jong-hwan, researchers…

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…

A major order of propulsion systems for rigid inflatable boats (RIBs) for an unnamed European military organisation was announced at Mercator Media's Seawork exhibition.The orders come as a result of a contract…

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 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…