With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five…

The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales…

The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from…

A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took…

Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January. A 200,000dwt Cape-size bulker named Cape Rosa was delivered from…

While the big public sector shipyards in India are struggling with low order books, their smaller counterparts in the private sector that are engaged in building smaller vessels are being bolstered by…

Iran is planning to undertake the construction of LNG carriers. An official in Sadra Company said, "French technology is employed in the manufacture of the vessels and grounds are paved for manufacturing…

The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of…

Volvo Penta has launched its new propulsion system for boats, the Volvo Penta IPS (Inboard Performance System). The new system is claimed to dramatically improve speed while also being quieter, cleaner and…

The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows…