General News – Page 391
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Credit crisis affecting shipyard orders
There are growing signs the credit crunch that began with the US housing market is spreading to the world's shipyards. Over the last couple of years order books at most shipyards around the world have grown to a three-year backlog, but the credit crunch is making it harder for some ...
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RR wins breakthrough contract in China
Rolls-Royce has won a £58 million contract to deliver design and equipment systems for two of the world?s most advanced offshore support vessels, a first for the Chinese market. The vessels have been ordered by China Oilfield Services Ltd (COSL) and will operate in support of oil and gas exploration ...
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SCI ABG JV mooted
The Shipping Corporation of India (SCI) may soon forge a mega shipyard JV with India?s leading shipbuilding company ABG Shipyard. Some sources close to the development say that South Korean shipping major STX, which was also initially interested in the project, had lately not been showing much interest, thus paving ...
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CIMC buys stake in Yantai Raffles
Brian Chang, chairman of Yantai Raffles Shipyard Limited (YRSL) has signed an agreement to sell approximately 29.9% of YRSL's issued share capital to China International Marine Containers (Group). The deal, valued at $566m, is slated for completion in third quarter of this year and is conditional upon CIMC obtaining necessary ...
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Hanjin looks at safety
Following a spate of fatal accidents at the shipyard of Hanjin Heavy Industries and Construction Co. in Subic, Philippines, the shipbuilder decided to form a special committee that would monitor compliance of its subcontractors with international safety standards in shipbuilding works."We will try to level up safety awareness of all ...
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Tyne hopes for return to shipbuilding
The managing director of A&P Tyne in the UK, Dave Skentelbery, recently said: "We have the ability to build new ships. The skills are still on the river. There are projects with potential and if the right opportunity comes along, then it?s something we will consider doing. Over recent years ...
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ASL Marine wins deals
Singapore shipyard ASL Marine has won three shipbuilding contracts worth S$126 million ($91.1 million). The three ships will be delivered in 2010.The first contract with Belgian group DEME is for a self-propelled cutter suction dredger with a barge loading facility and a total installed power of about 13,000 kW. The ...
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Vinashin bags $2bn shipping contracts
The Viet Nam Shipbuilding Industry Group (Vinashin) has signed 22 contracts worth $2bn for shipbuilding, maritime transportation, developing ancillary industries for Viet Nam?s shipping fleet and financing and insurance, reports the Vietnam News Service.The contracts, signed at the Vietship shipping exhibition in Hanoi, include the construction of 16 cargo vessels ...
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Late delivery costs Halifax second order
The late delivery of a new cruise ship under construction for an American owner at the Irving-owned Halifax Shipyard in Canada has caused the cancellation of a summer sailing schedule and led to a decision not to have a second ship built in Halifax.Charles Robertson, president of Pearl Seas Cruises ...
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MHI predicts smooth sailing
Japan's Mitsubishi Heavy Industries (MHI) aims to more than double earnings from its shipbuilding operations next fiscal year. Operating profit at the Tokyo-based company's shipbuilding and marine business is expected to climb to about 10bn yen ($97.7m) in the financial year starting April 1 from an estimated 4 bn yen ...
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Daewoo sees lower LNGC demand
Daewoo Shipbuilding and Marine Engineering (DSME) expects demand for LNG carriers to slow this year because of delays in LNG projects. Daewoo may get orders for between 10 and 15 LNG carriers in 2008, Park Jae Sung, manager of the company's gas-carrier marketing team, said at the Gastech conference in ...
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Vietnam building largest boxships to date
Six container vessels are being built with Germanischer Lloyd (GL) class at Ha Long Shipyard and Bach Dang Shipyard. The contract signings for three 1,730 TEU and two 1,800 TEU container vessels from Halong Shipyard and one 1,730 TEU containervessel from Bach Dang Shipyard have been celebrated at VietShip. It ...
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ABS, Polish Register sign cooperative agreement
Christopher J. Wiernicki, President and Chief Operating Officer of ABS and Dr. Jan Jankowski, President of the Board, Polish Register of Shipping (Polski Rejestr Statkow) have signed a wide-ranging cooperative agreement that will see the two class societies offering dual class services and exploring other areas of mutual interest. It ...
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Vietnam in top five world ranking
Vietnam has been listed as one of the top five shipbuilders in the world by Fairplay magazine. Vietnam Shipbuilding Industry Group (Vinashin) President Pham Thanh Binh said the country's shipbuilding sector is on track to becoming the fourth largest in the world by 2015.He said the industry has never had ...
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DSME wins container ship deal
Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal worth $602 million to build eight container ships. The deal with a European shipping company calls on Daewoo to deliver the vessels by January 2011.The shipyard has clinched deals valued at $1.9 billion to build 15 ships so far this ...
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NYK and UK Club get together over stowaways
A 100% increase in the cost of stowaway incidents in the past ten years means that stowaways cost the international shipping industry more than $20 million per year. The trend has prompted the world?s largest ship operator, NYK of Japan, and the largest protection & indemnity insurer, the UK P&I ...
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DSME keeps inter-Korean project afloat
Daewoo Shipbuilding and Marine Engineering (DSME) contacted with North Korean officials last week in a bid to keep a joint shipyard construction project afloat amid stalled government-level efforts. According to the Unification Ministry, DSME had working-level consultations with North Korean officials to conduct a geological survey in Anbyeon, one of ...
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Aker?s unique solution wins DOF contract
Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel. The vessel will be designed and equipped with the newest and most innovative environmentally friendly equipment and solutions and, after delivery from Aker Yards in Norway in 2010, the newbuilding will operate ...
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ADSB wins contract for coast guard vessels
Abu Dhabi Ship Building (ADSB), the Persian Gulf's only specialised naval warship builder, has been awarded the Al Saber project, a multimillion dollar contract to build 12 patrol boats for the UAE Coast Guard.The 34-metre boats, constructed in composite materials, will have a ?mother-daughter? design. The ?mother? vessel will have ...
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TKMS restructures shipyards
ThyssenKrupp Marine Systems AG (TKMS), headquartered in Hamburg, will restructure as of 1 April. The board recently decided that the naval shipbuilding and merchant shipbuilding sectors of Blohm + Voss GmbH are to be divided into two legally separate, autonomous companies. From April 2008, the naval sectors of Blohm ...
