Kawasaki Kisen Kaisha (K Line) has executed a shipbuilding contract with Kawasaki Shipbuilding Corporation for a 145,000m3 LNG carrier scheduled for delivery in 4th quarter of 2007. The company has also signed…

Posco in South Korea will be increasing production of thick steel plates from 3.3 million tonnes per year to 3.8 million tonnes by 2008 in order to provide sufficient steel supply to…

The shock announcement comes amid fears that BAE's yards at Scotstoun and Govan could be sold off as the result of a row with defence chiefs. The call was made as VIPs…

American Technology Corporation (ATC) has issued a report on recent developments regarding its growing LRAD business. LRAD is a breakthrough long-range hailing and warning, directed acoustic device designed to communicate with authority…

Indonesia's naval commander says piracy in the Malacca Straits has decreased as a result of three-nation patrols which began in the waterway last month. In his report, Vice Admiral Didik Herupurnomo said…

MMC Norilsk Nickel in Russia and Kvaerner Masa-Yards, part of Aker Yards, have signed a newbuilding contract for one 14.500DWT arctic container vessel for operation in the Northern sea route of Russia.…

Lifeboat and davit specialist Schat-Harding has taken over the Chinese Beiyang Boatbuilding Company lifeboat manufacturing range and plant as part of a strategy to expand its market share in cargo ships built…

Mitsui Engineering and Shipbuilding (MES) in Japan reports that its accumulated diesel engine production has reached 45 million bhp (33 million kW) and is the first engine manufacturer in the world to…

Aker Yards ASA reported an EBITA (Earnings Before Interest, Taxes and Depreciation) of NOK 148 million in the second quarter, which corresponds to an EBITA-margin of 4.5%. The margin so far this…

Hyundai Merchant Marine (HMM) has ordered three 4,700TEU container ships from Hyundai Heavy Industries at a total cost of $200million. Ship particulars are 294.1m long, 32.2m wide, a depth of 21.8m, speed…