Effect Ships International AS in Sandefjord, Norway, has just launched its first air supported vessel (ASV) monohull with pod propulsion. The ASV technology is the result of more than 8 years of…

OSX Brasil SA, which is building a shipyard in Brazil with South Korea’s Hyundai Heavy Industry, said that it plans to bid for oil drilling rig and tanker contracts worth $2 billion…

Together with Voith Turbo Schneider Propulsion, the Canadian naval architecture firm Robert Allan Ltd recently unveiled a completely new tug design.

The growth in the effective supply of containerships has reached 19% so far this year as deliveries of new vessels have added 1.15 Mteu of new capacity and a further 1.28 Mteu…

Hyundai Heavy Industries has won a contract with Hong Kong-based Brightoil Petroleum to build five VLCCs at a total cost of $537.5 million.

South Korea’s Samsung Heavy Industries has won $630 million worth of orders to build five oil tankers and an offshore platform.