General News – Page 392
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Steelmaker ups stake in shipyard
JFE Holdings Inc, the world's third-biggest steelmaker, will spend 30-40 billion yen ($289-$385 million) to take control of a shipbuilding joint venture according to reports in the Nikkei business daily.The move, which will lift JFE's stake in the venture with Hitachi Zosen Corp to 85%, up from 50%, paves the ...
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Hyundai bags deals for bulkers
Hyundai Heavy Industries (HHI) has clinched two contracts to build a total of twelve bulk carriers. The first deal, valued at 758 billion won ($792 million), is for eight bulk carriers ordered by a Liberian shipping company for delivery by July, 2010.The second contract was placed with Hyundai Mipo Dockyard ...
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Tuzla?s shipyards threatened with closure
All the shipyards in Istanbul's Tuzla district will be closed down if they do not implement regulations to prevent further worker deaths according to a local source. The success of shipyards should be with respect to human lives, labour minister Faruk Celik said, otherwise, regardless of the success it means ...
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Aegean exercises four options
The Greek bunkering company Aegean Marine Petroleum Network Inc. has exercised its options with Qingdao Hyundai Shipyard, China, to purchase four new 5,500 DWT double- hull bunkering tankers. The newbuildings are expected to be delivered between December 2009 and March 2010.E. Nikolas Tavlarios, President, commented, "Management's strategic decision to exercise ...
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CMA CGM confirms con-ros
The French giant shipping company CMA CGM has ordered four new CON RO vessels from South Korea's Hyundai Mipo for delivery in the second half of 2011. The new vessels will be dedicated to container, conventional and car transport and offer a 600-unit car capacity and a nominal capacity equivalent ...
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ASRY Offshore Services.
The Arab Ship Building and Repair Yard (ASRY)in Bahrain has formed a new operating company to be called ASRY Offshore Services, (AOS). ASRY has over recent years seen a rapid growth in the offshore markets in the AG region and based on its own track record and expertise in the ...
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BIW building DDG 1000 lead ship
The U.S. Navy has awarded Bath Iron Works (BIW), a subsidiary of General Dynamics (NYSE: GD), a $1.4 billion contract to build ZUMWALT (DDG 1000). The ship is scheduled to be delivered to the Navy in 2014. The ZUMWALT class of ships represents the Navy?s next generation of multi-mission surface ...
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Jotun lands its biggest contract
The new year has brought good news to JCMC (Jotun COSCO Marine Coatings). Earlier this year in January, JCMC signed a paint contract for 80 vessels to be built at Dayang Shipyard. This is not only the first newbuilding contract Jotun China secured in 2008, but also the biggest contract ...
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Teesside shipyard re-opens
A £300 million contract awarded to Tees Alliance Group promises to bring a new lease of life to the Haverton Hill shipyard near Billingham, Teesside in England and will create up to 800 skilled jobs. The first steel cutting got under way to build two state of the art drilling ...
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Dae Sun dumps contract
Dae Sun Shipbuilding & Engineering (DSSE) has cancelled a contract with an unidentified Asian shipowner for the construction of six 32,000-dwt bulkers plus two on option. It blamed the owner's failure to pay the down payment within the fixed time limit under the contract. It gave no further details. This ...
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GPA to design WSF ferries
Seattle-based naval architect firm Guido Perla & Associates (GPA) has signed a contract with Todd Pacific Shipyards Corporation to provide the design of a new 144 car ferry ordered by Washington State Ferries (WSF). Todd Pacific Shipyard, in conjunction with its major subcontractor J.M. Martinac Shipbuilding Corporation, will be building ...
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Workers galore needed for Mindanao shipyard
South Korea?s Hanjin Heavy Industries needs 40,000 workers over the next few years to construct and operate their $2 billion shipyard in Tagoloan, on the island of Mindanao in the Philippines. "Hanjin officials prefer untrained applicants so they can be properly trained the Hanjin standards," said Pacifico Pupos, Jr., presidential ...
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Wartsila acquires Maritime Service
Wartsila has acquired the Norwegian company Maritime Service AS, which specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Alesund, on the west coast of Norway. Maritime Service is well-positioned within fishery segment and has promising business potential in the ferry and off-shore vessel ...
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SCI in rumoured JV talks with STX
State-run Shipping Corp. of India Ltd (SCI), the county?s biggest shipping firm by fleet size and revenues, is in talks with South Korean shipbuilder STX Shipbuilding Co. Ltd for a joint venture as India looks to scale up its shipbuilding capacity to tap into a global shipbuilding boom. "SCI has ...
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RCCL considering Freedom number four
Aker Yards and Royal Caribbean Cruises Ltd (RCCL) have reached an understanding regarding the basis on which RCCL will order a fourth ship in the Freedom class, currently the world's largest cruise ship. The vessel would be delivered in the second half of 2011 and the placement of the order ...
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Seatruck orders ro-ro quartet
In a new phase of its major fleet expansion, freight-only specialist Seatruck Ferries in the UK has placed an order for four new generation ro-ro vessels with the German shipbuilder FSG (Flensburger Schiffbau Gesellschaft).These advanced vessels have a groundbreaking four-deck configuration. The design provides 151 trailer spaces in a hull ...
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FSG secures two ro-ro contracts
Flensburger Schiffbau-Gesellschaft (FSG) further strengthens its leading position on the RoRo market by securing two contracts for the building of seven ships in total. As a result of these new orders, production at Flensburger is ensured for the next 5 years.This represents a record in company history. With these orders ...
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Hyundai Mipo wins massive orders
Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has received two orders valued at KRW 570 billion ($602 million) to build eight vessels, including four petrochemicals carriers.
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Beluga eyes bigger kite
German-based Beluga Shipping GmbH says fuel savings achieved by using a kite propulsion system during its first ever commercial voyage are in line with expectations, and that it anticipates increased efficiencies in the future. The 132 metre long Beluga SkySails completed its maiden voyage using a 160-square-metre kite developed by ...
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Slower sailing potential curtailed
Major container shipping lines that are embarking on slow steaming schemes to cut fuel cost have come up against obstacles preventing them from reaping the full benefits. Several major container shipping lines recently decided to deploy extra vessels on key routes in order to be able to cut sailing speeds ...
