General News – Page 383
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Bangladesh delivers first export ship
Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry cargo vessel named ?Stella Maris? was built at a cost of $6.63 million.
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Global Marine raises funding for bulkers
Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's government in 2004 allowed shipyards, including Hyundai Heavy Industries and Samsung Heavy Industries, to set up financing vehicles ...
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Hanjin Shipping gets new boxships
Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third in a series of the eight 4,300TEU container ships ordered back in 2005. These Panamax newbuildings are ...
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Russia needs more offshore vessels
Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas carriers and icebreakers.The St Petersburg meeting, called to discuss the revival of national shipbuilding, became the first major ...
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Mercator expanding fleet
The Indian shipping company Mercator Lines has drawn up a Rs 4,000 crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the growing dry bulk market and consolidate its presence in high-growth markets. The investments will be made by Mercator ...
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Cybit BlueFinger to launch worldwide vessel tracking
Cybit, the UK's leading online telematics service provider, has announced that its BlueFinger maritime division will launch a new worldwide web-based online vessel tracking service this month. Saffire-Online will for the first time allow shipping companies to combine compliance with IMO Long Range Identification and Tracking (LRIT) regulations with a ...
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Colombo Dockyard wins Greatship orders
Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a wholly owned subsidiary of The Great Eastern Shipping Company. The firm had previously ordered four anchor handling tugs ...
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Varun Shipping to buy new vessels
Mumbai-based Varun Shipping Co Ltd plans to invest $300 million to buy at least four new vessels in the offshore segment this year, a top official said at a recent conference.Varun, which derived around 63% of its revenue from oil & gas carriers in 2007/08, is positioning itself to expand ...
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Bankruptcy looms for Stocznia Gdynia
The economic situation of the Gdynia Shipyard in Poland has taken a turn for the worse and, if there?s no financial support from the state, the shipyard may go bankrupt soon according to the Solidarity Trade Union.The Gdynia Shipyard plays a key role in the Polish shipbuilding industry since it ...
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Greeks busy ordering newbuildings last month
After a steep drop in activity during the first three months of the year, Hellenic ship owners have been busy ordering newbuildings at a pace similar to that of 2007. According to the latest report by shipbroker G.Moundreas, a total of 35 ships, worth about $3.33 billion, were ordered by ...
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Bangladesh yard inks German deal
The Ananda Shipyard and Slipways Ltd (ASSL) in Bangladesh has signed a $67 million agreement with Hermann Lohmann Bereederunges GmbH & Co, Germany, to build four sea-going vessels. Under the deal, ASSL will build and deliver the 7,100 DWT multipurpose vessels by 2012. It is the third German company to ...
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Germanischer Lloyd continues to grow
Germanischer Lloyd (GL) continues its growth strategy of previous years. The classification society presented its financial figures for 2007 and announced a turnover of 421.7 million Euros. This is a gain of 57.3 million Euros (+16 %) compared to 2006.In the maritime sector, the good order situation of the previous ...
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Ezra orders two more offshore vessels
Ezra Holdings Limited in Singapore has placed orders for two new offshore service vessels totalling S$95 million. The first contract, worth S$69 million, was awarded to Keppel Singmarine Pte Ltd, to construct a 22,000 kW Rolls-Royce designed UT788 CDL multi-functional support vessel (MFSV), an upgrade from the current two UT788s ...
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HSL delivers bulker
Hindustan Shipyard Ltd (HSL) in India delivered the third vessel of the four trader series, the 30,000 DWT bulk carrier ?Good Pacific?, to Goodearth Maritime Ltd (Chennai). The last vessel of the series would be delivered next year along with the first of the 53,000 DWT Handymax series to GML. ...
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Marinvest takes delivery of fourth Panamax PT
The fourth in a series of 74,999 dwt 1A Ice class product tankers has been delivered by the Brodosplit Shipyard in Croatia to Marinvest of Gothenburg, Sweden. The vessel, named Mariann, which is built to Marinvest?s own design, is double hulled and can operate in areas with ice thickness up ...
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Kiwi yard to close
The company responsible for building New Zealand's four inshore patrol vessels will close by the end of this year. Manager Alistair Taylor confirmed Tenix Shipbuilding New Zealand Ltd would close its Whangarei site with the loss of 60 jobs. The news came as no surprise and Taylor said: "We have ...
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Jaya expands yards
Offshore shipping and shipbuilding group Jaya Holdings plans to expand its shipyards in Indonesia and China to take advantage of the perceived continuing strong demand in the offshore shipping sector. The group intends to expand its Batam shipyard over the next two years to accommodate 10 building berths, as well ...
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Russia gets Korean shipbuilding help
Russia's United Industrial Corporation (UIC) and South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) have signed a memorandum on interaction in shipbuilding projects, local media in St Petersburg report.The document envisages cooperation, coordination of strategies and joint actions in shipbuilding programmes of major importance for UIC and DSME, in particular ...
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HHI building new shipyard
The dockyard, on 1.8 million m2 of land in Gunsan, North Jeolla Province at the west coast of Korea, with 1.2 trillion won ($1.18 billion) investment, will be equipped with a number of large facilities including the world's largest dry dock with a length of 700 metres and a 1,600-tonne ...
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Extended MOU to cut ferry deaths
Interferry and the International Maritime Organization (IMO) have extended the Memorandum of Understanding (MOU) on their joint campaign to reduce ferry fatalities by 90% in developing nations. The original two-year MOU has been renewed indefinitely following major progress towards running demonstration projects in Bangladesh as a pilot for taking the ...
