A key Canadian federal cabinet committee has given the go-ahead for a plan to construct six corvette-sized Arctic patrol vessels. The cabinet priorities and planning committee approved the program to build the…

Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, plans to raise the price of steel plates used in shipbuilding. The steelmaker said the price of steel plates will be raised to 685,000…

A new £30 million nuclear freight ship to be based in Barrow, UK, was launched in Japan recently. The 4,500 tonne ?Pacific Heron? was launched by Mitsui Shipbuilding and Engineering at its…

Fred Olsen Production ASA (FOP) has signed a strategic cooperation deal with Japan's Marubeni Corporation that will see the two firms work together to identify and execute FPSO projects in certain Asian…

In 2010 a milestone will be completed by the Indian maritime industry when it is expected to join a league of nations that possess the expertise to build and repair ships up…

Hyundai Heavy Industries Co. (HHI) has won a $978 million order to build eight container ships. The deal from a shipping company in the Marshall Islands calls on HHI to deliver the…

The Brazilian company Companhia Vale do Rio Doce (CVRD) has entered into a 25-year contract of freight with Bergesen Worldwide (B.W. Bulk), the world's leading owner of very large ore carriers, which…

Following on from the recent report about the collision involving the hopper ?W.D. Fairway? in China, Boskalis CEO Peter Berdowski announced that current information indicates that there is a constructive total loss.…

Ishikawajima-Harima Heavy Industries Co (IHI) and other major Japanese shipbuilders are hiking production capacities for the first time in about 30 years, the Nikkei reported, without citing sources. The Japanese shipbuilding industry…