General News – Page 349
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Evergreen rumoured to order 100 boxships
Unconfirmed reports indicate that Taiwan?s Evergreen Marine has plans to spend $5.5 billion to build 100 container ships before the anticipated recovery of the global economy in 2012. The fleet augmentation will help the world?s fourth largest container shipping line to move to the third slot. In its first major ...
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Hydrex LLC up and running
Last year Hydrex officially opened its first US office in the Tampa Bay area. Hydrex LLC is prepared to mobilize immediately and is capable of efficiently servicing ships and offshore units calling on ports in Canada, North, Central and South America as well as the Caribbean. Saving significant amounts of ...
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Malta orders patrol vessels
Austal has secured its first European defence contract with an order for four 21.2 metre inshore patrol craft - including training and spares support - with the Armed Forces of Malta (AFM).The vessels will be built at Austal?s Australian facilities and are scheduled for delivery by the end of the ...
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Croatian shipyard wins tanker order
Loss-making Croatian shipyard 3.Maj has signed a contract for two 51,800 dwt product tankers for $106 million. The state-owned builder will deliver the ships to owner Uljanik Plovidba, also of Croatia, in 2010 and 2011. This makes use of a government scheme whereby the Croatian government subsidises 10% of the ...
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Norway gets first newbuilding contract since November
Fosen Namsos has awarded the first newbuild contract in Norway since November 2008 to Fiskerstrand BLRT. The shipbuilder, which is a subsidiary of the BLRT Grupp, is a joint venture with Fiskerstrand Verft. The contract is for a standard double-ender ferry powered by a gas fuelled propulsion system. The vessel ...
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Croatian owner cancels bulk carrier orders
Croatia?s Atlantska Plovidba, the bulk and heavy lift shipping company, has altered several contracts to lower company expenditure during the economic downturn. The Zagreb-listed owner has cancelled two of four Panamax orders for 80,300 dwt vessels from China?s Jiangsu Eastern though two more ships from the contract remain on schedule ...
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Eletson enters gas market
The Eletson Corporation enters a new market sector with the delivery of their first ever liquefied petroleum gas (LPG) carrier. Built at Hyundai Mipo Dockyards (HMD) in Korea, the ship marks a milestone for the Greek operator, long recognised by the shipping industry for the ownership and management of tankers ...
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STX to sell stakes in STX Europe
It is reported that STX Shipbuilding in South Korea is planning to sell part of its stake in STX Europe in order to recover some of the cost of the takeover. Last year STX Shipbuilding acquired Norwegian group Aker Yards for $1 billion and launched a re-branding process for the ...
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Russia places 10 ship order with Hyundai
South Korean trading company Hyundai Corp. said its shipbuilding unit in China won a $120 million order to build 10 vessels for a Russian company. The dry cargo vessels, which will be built by the Hyundai Corp. unit in China's eastern city of Qingdao, will be delivered to Volga Baltic ...
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Tsuneishi ups Cebu output
Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu. The expansion, which requires an additional 90 hectares of land, will also employ an estimated 6,000 workers in the area, the company said. With ...
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Bids closed for Malta Shipyards
The Maltese government's Privatisation Unit has received bids for all the 4 units of Malta Shipyards. The call for bids closed on Thursday and, in all, 23 companies had shown interest and collected the documents, down from almost twice the number at the earlier "expressions of interest" stage. There were ...
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Wadan gets more government help
German shipbuilder Wadan Yards has received further financial assistance, this time a grant from the state of Mecklenburg-West Pomerania to extend the length of the loan it was granted at the end of last year. In December 2008, Wadan secured a Euro 60 million ($774.4 million) bridging loan to save ...
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China to aid shipbuilding industry
China's State Council has approved a stimulus package for the country's shipbuilding industry in a bid to help the emerging sector weather the global economic downturn. The government will encourage financial institutions to expand financing to purchasers of ships and extend fiscal support for domestic buyers of deep-sea ships until ...
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Russia plans massive shipyard expansion
According to the BarentsObserver, the Russian government believes its powerful shipbuilding industry should concentrate on the construction of civil vessels and the establishment several new federal shipyards. Icebreakers and specialized vessels, offshore platforms, research vessels, floating nuclear power plants and tankers should be the prime objective of the Russian shipbuilders, ...
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Mitsubishi - Petrobras JV to build drillship
Mitsubishi Corp., Japan?s largest trading house, and Brazil?s state-controlled Petroleo Brasileiro SA will build a $830 million vessel to drill in deep seas for crude oil and natural gas. The vessel would be capable of drilling in ocean depths of just over 3,000 meters (10,000 feet), Mitsubishi said in a ...
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SAFEDOR - European Maritime Research Project concluded
The maritime research project on the significance of risk-based design and approval has been concluded after four years of intensive study. The multinational research project SAFEDOR (Design, Operation and Regulation for Safety) was co-ordinated by ship classification society Germanischer Lloyd. 53 project partners from all sectors of the maritime industry ...
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Chinese shipbuilders lobby Beijing
With new orders for China's shipbuilding industry estimated to be halved in 2009, experts are calling for the Chinese government to quickly pass the shipbuilding industry stimulus plan. China Association of National Shipbuilding Industry (CANSI) estimates the country's new shipbuilding orders in 2009 may decline to between 20 and 30 ...
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Big Asian yards could cause European builders to stagger
Specialist shipbuilding facilities in Europe are facing heightened risks as bigger players threaten to dominate and overwhelm them. Niche market shipyards that build offshore vessels and dredgers could face more competition as mainstream yards move into their field of speciality. For example, Denmark?s Odense Shipyard recently announced that it would ...
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Korea battling to maintain top ranking
South Korea, the world?s top shipbuilding nation, must find measures to keep leading the global shipbuilding industry in the next decade, including developing high-value vessels, a domestic institute said. In a report titled ?Check of the competitiveness of South Korea?s shipbuilding industry?, Samsung Economic Research Institute (SERI) said that proactive ...
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Scrap yards full
A flurry of scrapping deals recently has seen a variety of tonnage heading to breakers in Bangladesh, India, Pakistan and China. Although scrap prices are dramatically lower than the peaks of 2008, they appear to have found some stability in the $260-270/ldt range but not for long, according to some ...
