When one speaks of a concrete ship, most people have an impression of heavy solid rough edged masses of concrete very unlike anything floatable. In the form represented by what is called "MRC", concrete does, however, become light, homogeneous, elastic, resilient, and above all strong still retaining the basic benefit of inexpensive well known concrete properties. The fundamental principal behind this material as a new shipbuilding material is based on the development of "ferro-cement" in the early 1940s by an Italian Engineer Pierre Luigi-Nervi. The "MRC" or Mesh Reinforced Cement has been studied by Korea institute of Science and Technology in connection with a research project "The Small Ship Construction Utilizing Domestic Materials And Its Economic Analysis," of which reports have been issued previously. In this exporsition, some of the basic qualities of "MRC" are discussed in general terms.