The European Commission has approved a ?27 million scheme in Germany to provide innovation aid to shipbuilding. The scheme is the first of its kind to be approved after the entry into…

Scania, the Swedish engine builder, was awarded the Swedish Technology Award for its innovative approach to lowering both nitrogen oxide (NOx) and particulate (PM) emissions from its diesel engines. The technology involves…

Japanese shipbuilders received 58% fewer orders in January compared with the previous month as freight rates fell from last year's record highs. Orders for 21 vessels, totaling 1.1 million gt were placed,…

Work on the building of a 53,000DWT bulk carrier started at the Nam Trieu Shipyard in the northern port city of Hai Phong. This is the first of 15 similar bulkers that…

Italian ship builder Fincantieri is proposing to invest up to $52 million in a joint venture with Varna Shipyard, Bulgaria's main shipyard on the Black Sea. Fincantieri claims it could help the…

Hyundai Merchant Marine in South Korea will order four 8,600TEU and five 4,700TEU container ships. All nine vessels will be built by Hyundai Heavy Industries and Hyundai Samho Shipyard with the smaller…

Marine lubricants supplier TOTAL Lubmarine has updated and improved its well-known DIAGOMAR Plus marine lubricants analysis service by adding a new lubricants test and by making the reports faster to use and…

South Korean shipbuilders may see their earnings worsen further this year due to the rising price of steel plates and the strengthening won. Hyundai Heavy Industries posted $35.5 million in profit last…

Hanjin Shipping in South Korea has signed a $283.5million contract with Hyundai HI to build three 6,622TEU container ships. These will have a length of 304m, a breadth of 40m and will…