Quanzhou Shipyard in Fujian, China, will complete a 300,000DWT and a 170,000DWT dry dock by mid-2006. Total investment is $99 million. When completed, shipbuilding capacity of the two docks will be 1.5…

Korea's leading shipbuilding companies, all members of the Korea Shipbuilders' Association, have an average workforce age of 42 and, since they have for the most part stopped hiring to shrink their payroll…

Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights…

The Coast Guard?s newest cutter, the Great Lakes icebreaker Mackinaw, ran into a seawall Monday, causing damage to its bow. The Mackinaw, operating in a special status because it has yet to…

As part of a major fleet expansion programme, the Istanbul Metropolitan Municipality in Turkey has signed a contract with Damen Shipyards Gorinchem for the construction of 5 new "Sea Buses". The catamaran…

Work to build the largest shipyard in Vietnam?s central region started on Sunday in the country?s central hub, Danang city. The Danang shipyard, located on an area of more than 31ha in…

The Norwegian shipping company Solvang ASA together with a group of investors have placed a new order with Meyer Werft in Papenburg for construction and delivery of two LEG/LPG tankers. The gas…

Fabricius BR Marine in Denmark has inked its first shipbuilding contract with Vietnam?s shipbuilder Vinashin. Fabricius and Vinashin signed a $5 million deal to construct a 2,500 DWT vessel of an unspecified…

Pacific Basin placed a new order for four 32,000DWT handysize bulk carriers with Guangdong Machinery and Jiangmen Nanyang Ship Engineering at a cost of $21.98 each. The four will be delivered on…

Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation in the South American country with cooperation of the domestic shipbuilder Dianca. The memorandum of understanding was signed between…