General News – Page 339
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Subsea 7 cuts steel on Seven Pacific
Subsea 7 has started construction on its next pipelay and offshore construction vessel as part of a $1bn investment campaign. The Aberdeen-based ship owner said steel was cut on the Seven Pacific vessel in the IHC Krimpen shipyard in the Netherlands.The ship is due to be delivered in the fourth ...
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WSS launches new lay-up package
The ship services network, Wilhelmsen Ships Service (WSS), has packaged its ships agency services together with its Unitor range of marine products, technical services and maritime logistics into an integrated offer for vessel lay-ups. The new package is built to assist customers, from identification of lay-up locations to full service ...
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US Navy orders second Austal LCS
The US Navy has announced a contract for the construction of a second Austal-designed and built Littoral Combat Ship (LCS). Awarded to prime contractor Bath Iron Works, a General Dynamics company, the second Austal-built LCS will be similar to the 127-metre ?Independence? (LCS 2), which is currently at an advanced ...
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BAE VT merger
BAE Systems and VT Group in the UK are poised to sign a ground-breaking joint-venture agreement to merge their shipyards into a national champion. The new entity, to be called BVT Surface Fleet Ltd, will be the largest shipbuilder in the UK. Industry sources said the agreement could be signed ...
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China Shipping to order bulk carriers
China Shipping (Group) Co., the nation?s second-biggest sea-cargo company, plans to order dry- bulk ships this year as prices fall on overcapacity concerns and the global recession. "We?ll never give up on new investments," Vice Chairman Zhang Guofa said in an April 30 interview in Shanghai. He declined to say ...
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Narmada turning into shipbuilding hub
The estuary of Narmada river, in Gujarat, India, is all set to become the lifeline for shipbuilding activities of India. In a move with far-reaching consequences, the Gujarat government has decided to develop the 12-km stretch south of Dahej, at the point where the Narmada river meets the Gulf of ...
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Samsung funding for new mega-yard
Samsung Heavy Industies is part of the Atlantico Sul (AS) consortium which last week received news it is to receive Reais 542m ($248m) from the Brazilian National Development Bank (BNDES) to build a new shipyard capable of constructing tankers up to VLCC size. The BNDES has confirmed last week it ...
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Ulstein Verft launches ?Sarah?
Norway?s Ulstein Verft recently launched a new Ulstein SX121 construction vessel on April 29. ?Sarah? has been in the dockyard since the middle of January 2009 and was built for Marine Subsea, a company which provides oil and gas services mainly in West Africa. The new Ulstein SX121 is the ...
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Shipowners preparing for IMO convention on ship recycling
The new IMO convention for "Safe and Environmentally Sound Recycling of Ships" aims to prevent hazardous working conditions and to ensure environmental protection during ship recycling operations. Expected to come into force in 2013, the convention will require approximately 50,000 ships worldwide to have a certified "Inventory of Hazardous Materials" ...
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CSAV survival hangs on cancellation of orders
The survival of embattled Chilean shipping group CSAV could rest with South Korean shipbuilder Samsung Heavy Industries after German owners attending crisis talks in Hamburg last month attached conditions to a rescue plan. International efforts to save the line depend in part on the cancellation of an order for four ...
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Shipbuilding capacity the culprit
It?s not the owners? fault, it?s the yards who are to blame for the likely prolonged downturn in shipping said Arthur Bowring, md of the Hong Kong Shipowners Association. Speaking at the final session of TradeWinds? Shipping China Energy conference, Bowring said: "The problem is not the excess shipbuilding orders. ...
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NYC BEDC invites bids for sludge ships
The New York City Department of Environmental Protection, Bureau of Engineering Design and Construction (BEDC) has released invitation to submit sealed bids for the construction of three identical 140,000 cu. ft. self-propelled sludge ships to service its Newtown Creek Water Pollution Control Plant in Brooklyn, NY. The bid package includes ...
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Korea to inject funds for shipbuilding industry
The South Korean government has decided to inject 9.5 trillion won to large shipbuilding companies and mid-sized subsidiaries of shipyards to help them complete construction of vessels. The latest move stemmed from the worrisome trend of shipping companies failing to win orders coming into this year which led the government ...
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?Vox Maxima? launched
Dutch shipyard IHC Merwede in Kinderdijk recently launched Van Oord?s latest trailing suction hopper dredger ?Vox Maxima?. With a hopper capacity of 31,000 cubic metres, ?Vox Maxima? is the largest dredging vessel ever built in the Netherlands and is also the largest ship built in the country since 1990. Final ...
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Century plans second facility
Century Shipyard is reportedly planning to build a second shipbuilding facility in Kerala on the south-west coast of India, at an investment of between $70m and $75m.The greenfield yard will construct offshore vessels including small and medium-size anchor-handlers of up to 80-tonnes bollard pull and 4,500-bhp offshore-supply vessels (OSVs).Officials say ...
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Naikai on track
The two-yard, three-slipway system of Naikai Zosen Corp. in Japan has started to get on track. In 2008, Naikai resumed operations at No.2 slipway of its Innoshima shipyard positioned at its main factory. The first ship at the resumed slipway, a 2,500-TEU containership, is to be launched in October 2009 ...
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Cosco cancels bulker orders
Market sources say the Beijing-based China Cosco Holdings has cancelled at least five of the 23 ships of 57,000 dwt on order at subsidiary Cosco Shipyard Group (CSG). A source adds that the move is not recent. "CSG cancelled the ships three to four months ago, when the market was ...
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Eitzen resales MR trio
Eitzen Chemical has sold three chemical tanker newbuildings for $124m. The company said it reached an agreement with Sweden's Laurin Maritime to sell the 46,000 DWT vessels, under construction at the Brodotrogir shipyard in Croatia, through a novation agreement.This means the buyer has assumed all rights and obligations Eitzen Chemical ...
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Daehan debt workout underway
Daehan Shipbuilding will receive new funding totalling 170 billion won from a group of creditors to stave off disaster and start its debt workout program. Daehan's main bank, the Korea Development Bank (KDB), has signed a memorandum of understanding with Daehan and will defer the settlement of obligation until 2013, ...
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CNOOC signs for Wuchang pair
Chinese oil giant CNOOC recently signed an agreement with Wuchang Shipbuilding Industry Company for the construction of two anchor handing, tug and supply vessels. Wuchang will build the two UT788 CD deepwater vessels with overall construction value of 1.4 billion yuan. The newbuildings will measure 93.4m in length, 22m in ...
