South Korean shipbuilders have lowered their targets for orders this year due to slowing market conditions and an expected drop in demand. The nation's top three shipbuilders, Hyundai Heavy Industries, Samsung Heavy…

Wärtsilä entered into license agreement with Brazilian company Nuclebras Equipamentos Pesados SA (Nuclep) which is owned by the government and mainly active in manufacturing of heavy engineering equipment for nuclear industry, power…

Daewoo Shipbuilding in South Korea secured a 150,900 cbm LNG RV from Exmar N. V. in Belgium at a price of $260 million for delivery in April 2009. The new order also…

GulfMark Offshore, Inc. has exercised an option to build a second Aker PSV09 design vessel. This 4,850 dwt, diesel electric powered platform supply vessel will be built at a Norwegian yard at…

Kawasaki Kisen Kaisha ("K" Line) has taken delivery of ?Guangzhou Highway?, a 48,927 gt PCTC with a 5,000 car capacity completed at Nantong COSCO KHI Ship Engineering (NACKS). This is the last…

Bulgaria's Bulyard Shipping Industry (BSI), a unit of the Bulyard consortium, plans to invest 2 million euro in refurbishments and new equipment in 2006. The consortium will use bank loans to finance…

DNV has launched its new Nauticus Hull software, which provides unique support for the Common Structural Rules for double hull oil tankers, only three weeks after the Rules were adopted by the…

The growing importance of ROVs is to be recognised by a free half-day seminar ?ROVs: Leading the way into the future? at Oceanology International 2006 (OI2006) and organised by the Remote Systems…

JSC Vakaru Laivu Statykla, of Western Shipyard in Klaipeda, Lithuania, recently completed the building of a passenger and car ferry hull. The hull, measuring 106 m long and 17.2 m wide, was…

After gaining a foothold in the port business, the Adani Group has decided to enter into shipbuilding and plans to announce a joint venture agreement for shipbuilding soon. Confirming the development, Adani…