Shipbuilders News

Norwegian shipbuilder Vard has signed a contract with research organization Inkfish for the design and construction of a deep-sea research vessel based on the VARD 9 42 design, in a deal valued at nearly $810 million (€700 million).The company said the contract is the largest order ever secured by Vard for a single vessel and the largest order of its kind for a Norwegian shipyard.The vessel, known as RV11000 during the project phase, will be 162 meters long with a beam of 28 meters.

South Korea will seek to launch its first nuclear-powered submarine by the mid-2030s, under a new program aimed at countering North Korea's submarine-launched nuclear and missile threats, officials said on Tuesday.Seoul has long sought to join an elite group of nations operating nuclear-powered submarines in a move that could reshape Asia's security landscape and escalate an underwater arms race."The nuclear-powered submarine, which will be built on the basis of a strong South Korea-U.S.

Meyer Turku is investing in shipbuilders of the future by donating EUR 800,000 ($930,000) to Aalto University. With the donation, Aalto will establish a five-year Professor of Practice to accelerate developments in marine technology and secure expertise in the field in Finland.Aalto University’s new Professor of Practice in Interdisciplinary Naval Architecture will combine marine technology and engineering with economics, finance, contract law, as well as architecture and design. The aim is to develop shipbuilding holistically and strengthen collaboration between research and industry.

The march toward zero-emission ferry transportation continues, and this time the momentum is coming from the Baltic.Estonian State Fleet has signed a contract with Polish shipbuilder CRIST S.A. for the design and construction of what will become Estonia’s first fully electric passenger ferry, a nearly €50 million investment that underscores how aggressively regional ferry operators are moving to modernize aging fleets while cutting emissions.Set for delivery in late 2028, the 100-meter vessel will serve the Virtsu–Kuivastu route, a lifeline connection between mainland Estonia and its islands.

Fincantieri has signed a memorandum of understanding with Teijin Automotive Technologies to jointly develop advanced composite bulkheads for naval vessels, marking another step in the shipbuilder’s push to expand beyond traditional steel construction.Under the agreement, Teijin Automotive Technologies—the European arm of Japan’s Teijin Group—will lead engineering and industrialization efforts, with Fincantieri providing shipbuilding support and application expertise.The collaboration is focused on non-structural bulkheads for naval applications…

Fincantieri and Teijin Automotive Technologies have signed an agreement to develop non-structural composite bulkheads for maritime vessels, as shipbuilders seek lighter materials and new design solutions for civil and naval ships.Under the memorandum of understanding, Teijin Automotive Technologies, a European unit of Japan’s Teijin, will lead engineering and industrialization activities with support from Italy’s Fincantieri, one of the world’s largest shipbuilders.The companies…

Korean Register (KR) has published the "Numerical Calculation Guidelines for the Determination of the Attained EEDI," developed through a joint research initiative with HD Hyundai Heavy Industries (HD HHI) and Samsung Heavy Industries (SHI).The guidelines establish a standardized methodology for numerical analysis based on Computational Fluid Dynamics (CFD), providing an alternative to the conventional physical model testing previously used to verify vessel energy efficiency.As the International Maritime Organization (IMO) continues to tighten greenhouse gas reduction regulations…

Three U.S. shipyards operated by Fincantieri have been recognized by the Shipbuilders Council of America for workplace safety performance in 2025, highlighting the company’s focus on operational discipline across its U.S. shipbuilding and repair operations.Fincantieri said its U.S. facilities at Fincantieri ACE Marine in Green Bay, Wis., Fincantieri Marine Repair in Jacksonville, Fla., and Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis., received national recognition under…

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, today announced its annual member safety awards for the 2025 calendar year. This year, 21 shipyards across Alabama, California, Florida, Hawaii, Louisiana, Massachusetts, New Jersey, Oregon, South Carolina, Texas, Virginia, Washington, and Wisconsin are receiving awards for their achievements in safety.The following shipyards and repair facilities…

A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona, as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana, told Trump in a letter sent on Monday that China's decades-long effort to "decimate American shipbuilding" demanded the use of U.S.

Korean Register (KR) announced that it is serving as the Coordinator of two International Maritime Organization (IMO) expert groups in key marine environmental areas: ammonia effluent management and response procedures for nitrogen oxides (NOx) reduction strategy failures.As international pressure to reduce greenhouse gas (GHG) emissions from ships intensifies, ammonia-fueled vessels are gaining traction as a zero-carbon alternative to conventional marine fuels. However, ammonia's high toxicity means that ammonia effluent can be generated during vessel operation…

A bipartisan group of U.S. senators on Monday urged President Donald Trump to hold fast to trade remedies proposed by his administration to rebuild U.S. shipbuilding and not offer concessions when he meets with Chinese President Xi Jinping.Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona as well as Republicans Tim Scott of South Carolina and Todd Young of Indiana told Trump in a letter sent on Monday that China's decades-long effort to "decimate American shipbuilding" demanded the use of U.S.

When Iran closed the Strait of Hormuz, the Administration had a real problem on its hands. I understand why a White House would want to move fast, but moving fast and moving smart are not the same thing. This week the Administration extended the current Jones Act waiver for another 90 days. Washington needs to take an honest look at what this waiver has actually produced.The U.S. Maritime Administration (MARAD), which oversees the nation’s merchant fleet, has data that tells the story.

The future of shipbuilding and maritime competitiveness will be featured at the Maritime Risk Symposium 2026, hosted by the Institute for Homeland Security, Sam Houston State University. On June 2–3, 2026 at LyondellBasell Center for Petrochemical, Energy and Technology in Pasadena, Texas, leaders from industry and academia will examine the strategy, workforce, investment, and partnerships needed to advance America’s maritime comeback.A new era in American shipbuilding is emerging, and the U.S. Gulf Coast stands at its center.

A new headquarters for Meyer Turku will be built in the immediate vicinity of the shipyard, in the Blue Industry Park area. The project, valued at approximately USD$46.8 million (EUR 40 million), forms part of the company’s investment program. Construction is scheduled to begin in summer 2026, with the new premises to be completed in early 2028. The project will be designed and constructed by SRV, with real estate investment company Balder acting as investor.The project comprises two office towers with a combined gross floor area of approximately 12,000 square meters.

President Donald Trump granted a 90-day extension to a shipping waiver that makes it easier to move oil, fuel and fertilizer around the United States, the White House said on Friday, the latest effort to curb rising energy costs linked to the war with Iran.The move reflects a broader push by the White House to dampen politically sensitive fuel price spikes ahead of November’s midterm elections, where affordability is expected to be a defining issue for voters. Recent polling shows…

Global orders to build liquefied natural gas carriers (LNGC) are set to rebound this year after a 2025 slump as growing LNG output and vessel fuel efficiency drive demand, industry executives and analysts say.The rise in orders is offsetting concerns that supply disruptions from the U.S.-Iran war may reduce near-term shipping demand and pressure freight rates.Since late last year, shipbuilders in South Korea and China have received more orders, with 35 new LNGC builds contracted in the first quarter…

ABS, Marinteknik Shipbuilders (S), SeaTech Solutions International (S), and VINSSEN have signed a research collaboration agreement to advance the development of a hydrogen fuel cell-powered harbor craft in Singapore.The consortium will conduct desktop studies covering the feasibility of implementing hydrogen-powered harbor craft in Singapore, including vessel concept design, design evaluation and optimization, techno-economic analysis, risk assessment and mitigation and commercial viability for broader adoption.

A flourishing cruise market and European shipbuilders’ unerring contractual success in the sector has taken orderbooks into the middle of the next decade, ensuring production continuity and underpinning fresh capital expenditure and R&D commitments by the continent’s foremost players.Just how important the segment is to the industry and supply chain may be gauged from the fact that at least three-quarters of the value of European yards’ commercial orderbooks is attributable to…

Continuous design refinement and incremental productivity gains — reflecting the Japanese concept of kaizen — alongside unremitting attention to contractual performance and product quality have seen the country’s shipbuilders maintain a high profile in certain sectors of the commercial vessel market.The industry’s scale, reach and financial returns, though, have suffered from the onslaught of competition from its Asian counterparts, most notably China and South Korea, both of whom the Japanese contend benefit from both overt and covert state financial intervention.By the measure of output…

In the world of large cruise ship construction, few yards operate at the level of Meyer Turku, which recently unveiled its 2025 results which serve as a turning point, not just in financial recovery, but in long-term strategic positioning.The numbers, at first glance, tell a familiar post-pandemic story. Turnover climbed to €2.14 billion, up more than 17% year-on-year, while adjusted EBIT reached €105.1 million, marking a continued recovery from losses just two years prior. But beneath the financials lies a more consequential shift: a yard restructuring itself for independence…

Many claim to have ‘saltwater in their veins,’ but all you have to do is walk into the corner office of John McDonald, the new Chairman and CEO of the American Bureau of Shipping (ABS), to see that him saying “I was born into maritime” is not hyperbole. The first thing that greets you is a Dusan Kadlec nighttime painting of the Brooklyn Bridge, a painting that has special meaning to him as he fondly remembers being on a boat in New York harbor in 1983, his father USCG Captain of the Port of New York at that time, watching the fireworks over the bridge for the celebration.

HII and GrayMatter Robotics (GMR) have signed a memorandum of understanding to explore the integration of GMR’s Physical AI into shipbuilding operations that could accelerate throughput.This will include bringing autonomous surface preparation, coating, and inspection technologies into shipbuilding.Eric Chewning, HII’s executive vice president of maritime systems and corporate strategy, said: “We are in the midst of an American shipbuilding renaissance and we are extremely excited…