General News – Page 337
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Amur returns to state ownership
Russian prime minister Vladimir Putin announced that the landmark Amur shipyard in the far east of the country is to be taken back into state hands. Putin announced the transfer of a 59% stake to the state-owned United Shipbuilding Corporation (USC) at a meeting with management and workers at the ...
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Asian navy buildup boosts shipyards
The governments of Japan, Korea and China are set to come to the rescue of many big, well established yards once again during the downturn, and this time not through subsidies, but huge investments in navies. Agence France Presse quotes naval consultancy AMI International, whose analysts are forecasting that Asian ...
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Poland sells Gdynia
Poland has sold one of three historic shipyards which were the focus of a subsidy battle with the EU. Treasury minister Aleksander Grad said the yard at Gdynia on Poland's northern Baltic coast had been acquired by United International Trust, which in its tender had pledged to continue producing ships ...
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Chinese shipbuilding has price advantage
China's shipbuilders have a price advantage at present compared with rivals in Korea and Japan, since heavy steel plates in China are 18% cheaper than those in Japan and 19% cheaper than Korea. The purchasing of ship plate takes up some 20% of shipbuilding cost, thus helping China's shipbuilders lower ...
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NITC VLCC order faces rough passage
The credit crisis together with US efforts to tighten sanctions is hampering efforts by National Iranian Tanker Co (NITC) to order 12 VLCCs which the company want for delivery in 2012. A shipbuilding source says NITC wants direct ownership of the tankers but moves by the US to firm up ...
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WSS liferaft service station fully operational
Wilhelmsen Ships Service (WSS) says its liferaft service station in Germany has been fully operational since 1 April. It is conveniently situated between the ports of Hamburg and Bremerhaven at the WSS premises in Sittensen. The station is certified to service all Unitor branded rafts and is also fully stocked ...
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Recovery could take 3 to 4 years
It would take three to four years for commercial ship newbuilding orders to pick up again, according to a securities house's forecast. Daishin Securities said newbuilding recovery would need two additional years even after the global economic downturn ends as the massive newbuildings on order should be absorbed into market.It ...
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BHP talk Capesize
According to a number of shipbuilding and market sources, BHP Billiton appears to have sounded out a Capesize bulker order with shipyards in Japan, South Korea and China. It is believed that the company intends to procure a new type of ship that has a draught that is 16.5m, shallower ...
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K Line delays deliveries
K Line president and chief executive Hiroyuki Maekawa said that the company had delayed close to 10% of the 155 ships it has on order. The delays are focused on the containership and car carrier segments which have been particularly hard hit the global economic crisis as consumer demand has ...
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Koreans join Venezuela yard renewal
Recently, AHO Group, a South Korean shipbuilding consulting firm has signed a contract to rebuild and expand Astinave Shipyard in Venezuela with PDVSA Naval for some $600m. Sungdong Shipbuilding also from South Korea, inked a memorandum of understanding with AHO on providing shipyard construction and shipbuilding technology consultation and advice ...
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Sustainable shipping nominations sought
The deadline for nominations for the Sustainable Shipping Awards 2009 is now just days away. The event will be held in London on 15 July 2009. Backed by BIMCO, INTERTANKO, RINA and the World Wildlife Fund, the awards ceremony will be compered by BBC environmental analyst, Roger Harrabin. The Sustainable ...
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Brittany yard delivers double ended ferry
STX Europe Lorient shipyard in Brittany, France, has just delivered the first of three Ro-Ro ferries to Tide Sj? AS in Oslo. The Lorient shipyard designs and builds high-tech ships from 30 to 120 metres long. Named 'Tidekongen', this double-ended LNG powered ferry can carry 600 passengers and will be ...
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Davie back at work
Davie Yards Inc. in Levis, Quebec, is back in operation. CEO Steinar Kulen said: "We have 1,000 employees back at work and require another 500 to complete our current orders." Davie has been able to resume work because customer Cecon ASA has resumed payments to Davie as the pieces of ...
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Hyundai building new shipyard in Kazakhstan
Hyundai Corporation is negotiating for construction of a shipyard in the Caspian Sea area with Kazakhstan's state-owned energy company KazMunaiGaz National. However, Hyundai will only participate in the construction phase of the yard facilities and it is not considering joint investment in the yard.At present, Hyundai Corporation president Noh Young-don ...
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Laskaridis eyeing bulk carrier cancellation
Greek owner Laskaridis Shipping appears to be eyeing the possibility of cancelling its order for seven 75,000 DWT bulkers it placed earlier with emerging Chinese shipyard Penglai Zhongbai Jinglu Ship Industry. The potential cancellation has been prompted by to the high probability of seller's default, wherein Jinglu would be unable ...
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Kockums-USC in GRP cooperation
Kockums, the Swedish subsidiary of ThyssenKrupp Marine Systems, has signed a licensing agreement with the Japanese shipyard Universal Shipbuilding Corporation (USC). The licensing agreement gives USC the right to use Kockums' GRP-sandwich technology in the production of hull structures for mine countermeasure vessels (MCMVs). USC has a long tradition in ...
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Putin decrees placing orders at foreign shipyards unacceptable
It is unacceptable to place orders at foreign shipyards if similar ships can be built in Russia according to the press center of RF Government citing RF Prime Minister Vladimir Putin as saying at the meeting dedicated to the problems of Russia's shipbuilding industry. "Unfortunately there is such a practice. ...
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Qatar eyes Gdynia shipyard
Qatar investor wants to buy the historic Gdynia shipyard in Poland according to a report in the Polska newspaper. The investor is thought to be Qatar Investment Authority QIA), which is interested in using the Gdynia shipyard to build ships for gas transport.QIA is the only one on a list ...
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ST Engineering's Marine signs MOUs with DCNS and Kockums
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has signed two separate Memoranda of Understanding (MOU) with French defence powerhouse, DCNS, as well as Swedish submarine experts, Kockums AB.The MOU between ST Marine and DCNS sets down the target date ...
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Some container lines may go under
Container shipping faces a long recession that will force some lines out of business, AP Moller-Maersk chief executive Nils Andersen predicted. He cast doubt on whether urgently-needed consolidation could be achieved, given the character of the industry.Despite suffering the worst-ever set of quarterly results from its container shipping activities, AP ...
