Malaysian Merchant Marine (MMM) has entered into negotiations to form a joint venture (JV) with Iraqi Oil Tankers (IOTC) to operate as a bunker trading supplier in Umm Qasr in Basrah and…

The NMRI (National Maritime Research Institute) in Japan has developed a radical new sail propulsion system for commercial ships. In recent tests based on route calculations for a bulker carriers equipped with…

Korean shipbuilding industries will maintain its dominance until at least 2015 with a world market share of 40% according to Korea Institute For Industrial Economics & Trade (KIET) at the seminar held…

Hyundai Heavy Industries delivered a crank-shaft for a Wartsila 12RT-flex96C engine to Diesel United in Japan. The crankshaft will be installed in an 8,100TEU container ship to be built by IHI Marine…

The world?s three leading shipbuilders are reportedly about to secure multimillion-dollar orders to build 16 of the world's largest LNG carriers for Qatar. Daewoo Shipbuilding & Marine Engineering and a consortium formed…

"It is incumbent on responsible flag states to lead the way in sharing information about ship inspections, vessel standards, conditions onboard, casualties and the implementation of their own safety regimes," said Clay…

Bill Thomson, chief executive of Scottish tanker owner Forth Tankers plc and chairman of the 50 million GT North of England P&I club, challenged the world's merchant shipping industry last week to…

BMT Fleet Technology Ltd, a subsidiary of British Maritime Technology Ltd (BMT), has acquired Vancouver-based Peter S. Hatfield Ltd, a naval architecture and marine engineering consultancy. This follows the opening of a…

A summit of UK shipbuilders has been convened by the UK?s Defence Procurement Agency which has asked representatives of shipbuilding companies to attend a meeting to discuss proposals for Britain?s naval programmes…