General News – Page 395
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C&Heavy wins Asian bulker order
South Korean shipbuilder C&Heavy Industries has won a $163.3 million order for four bulk ships from an unidentified Asian company. The ships would be delivered by 31 January 2011.
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Oman orders ten VLCCs from Korea
The state-owned Oman Shipping Company has placed two contracts for a total of ten five VLCCs with two Korean shipbuilders. Both Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) will build five very large crude carriers each at a cost of about $1.5 billion. DSME will deliver ...
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ST Engineering wins PSV deal
Singapore Technologies Engineering Ltd, a global engineering and defence contractor, said its US shipyard VT Halter Marine has secured a new contract worth between $45 and $55 million to build two platform supply vessels for L&M Botruc Rental Inc. L&M Botruc operates fleets of offshore marine transportation vessels in the ...
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Investment in Scottish shipyard
U.K. Defence Secretary Des Browne recently visited Babcock Marine in Rosyth, Scotland, to witness the start of a £50 million (almost $100 million) investment project at the dockyard in preparation for construction of two Royal Navy aircraft carriers. Browne witnessed the signing of a £35 million contract placed with Glasgow-based ...
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New shipyard for Gdansk
ISD Polska, a subsidiary of Ukrainian steel manufacturer ISD Donbas, plans to invest z³.700 million ($283 million) to build a modern shipyard in Gdansk. However, the project may be delayed due to ongoing talks with the European Commission (EC) which insists on reducing the existing shipyard's production output by closing ...
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Sulphur decision 'on hold'
Key decisions on the bunker industry's future have been shelved until an IMO meeting called for the end of next month. The IMO's Bulk Liquids and Gases (BLG) sub-committee, meeting in London last week, agreed to streamline the options being discussed rather than make definitive recommendations.The most controversial proposal, a ...
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Samudra Indonesia orders two bulkers
The sea transportation service company PT Samudra Indonesia has placed an order with South Korea?s STX Shipbuilding for two bulk carriers at a total value of $97.6 million.The Indonesian company placed the order for the two 57,700 dwt ships through its subsidiary, Foremost Maritime Pte Ltd and delivery is scheduled ...
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New VLCS order for HHI
Hyundai Heavy Industries (HHI) has won a 1.28-trillion won ($1.35 billion) deal tobuild eight very large container ships (VLCS) for a European shipping company. The vessels will all be delivered by April 2012.Although the identity of the shipping company has not been disclosed, it coincides with an order of eight ...
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Indian shipyards poised for mega expansion
Indian engineering and maritime groups have lined up an estimated $4.5bn to invest in new shipyards, opening up a front in the nation?s competition with China to become a low-cost manufacturing centre.The country?s newest shipbuilder, Pipavav Shipyard, is to "cut steel" on its first vessel today in its yard in ...
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Dutch land Morocco frigate deal
The Royal Moroccan Navy has signed a contract with the Netherlands-based Schelde Naval Shipbuilding, part of the Damen Shipyards Group, for three Sigma-type missile corvettes. The customer has requested the overall contract value is not disclosed, but this is estimated to be around $1.2 billion.Morocco's order is for three Sigma-class ...
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CSBC reactivates privatization plan
State-run CSBC Corp, Taiwan, (CSBC) plans to sell a majority of its shares in line with its goal of completing its long-delayed privatization by the end of this year. The proposed share sale is also expected to help CSBC, formerly known as China Shipbuilding Corp, raise capital for capacity expansion ...
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WWL urges yards to be more innovative
With almost all Asian shipyards focusing on increasing their output in order to meet their bulging order backlogs, this is hampering innovation in ship designing according to Arild Iversen, chief executive of Wallenius Wilhelmsen Logistics (WWL). But the shipping industry should prepare for fuel prices of up to $1,000 a ...
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GOGL secures Kamsarmax options
Golden Ocean Group Limited (GOGL) has placed a newbuilding contract with the Chinese shipbuilder Zhoushan Jinhaiwan Shipyard (Jinhaiwan) for two 80,000 dwt Kamsarmax bulk carriers for delivery during 2011. The contract includes an option for two similar vessels. This latest order is in addition to the eight sister-ships ordered in ...
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France orders two of the best from Italy
The Italian shipbuilder Fincantieri and the French owner Compagnie des Iles du Ponant, part of the CMA CGM Group, have signed a preliminary agreement to build two super luxury cruise ships. By adding this new brand to its customer portfolio, Fincantieri has further consolidated its presence in the promising business ...
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Hyundai wins Nakilat crane deal
The Qatar shipping company Nakilat has awarded a major contract to Hyundai Samho Heavy Industries Company Limited and Hyundai Corporation (acting collectively as the contractor) for ten jib cranes. The contract, which has options, includes the design, supply, construction, installation, test and commissioning of ten rail mounted, level luffing, portal ...
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Dongkuk ups steel price
Dongkuk Steel Mill Co, which sells 30 % of steel used by South Korea's shipbuilders, raised the price of heavy plates by 13 % as yards face record orders for vessels. The first increase since July raises the price to 820,000 won ($870) a tonne on 11 February, a company ...
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New ICS environment code
The International Chamber of Shipping (ICS) has updated its Code of Practice on Shipping and the Environment. The expanded 4th edition is intended to provide a concise but comprehensive summary of the environmental obligations of shipping companies as required by the latest international regulations, and a clear set of environmental ...
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Sietas delivers first type 176
The German heavy lift shipping company Schiffahrtskontor Altes Land GmbH & Co. KG (SAL) has named the first of eight new heavy lift vessels to be built by the German yard of Sietas. Named ?Frauke?, the vessel of type 176, with an unrivalled speed of 20 knots and a combined ...
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Keppel secures FPSO conversions
Singapore-based Keppel Shipyard Limited has secured contracts worth over S$215 million ($152 million) for the conversion of tankers to floating, production, storage and offloading units.These include the conversions of a tanker for Danish rig operator Maersk Contractors and the first FPSO in the US Gulf of Mexico for Norwegian contractor ...
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Prospects rosy for ASL
Singapore-based ASL Marine Holdings Ltd. posted 23.7% increase in revenue to S$193.4 million ($136.7 million) on the back of higher value shipbuilding projects and increase in ship repairing and conversion jobs during the first half ended 31 December, 2007. ASL's total gross profit rose 48.5% to over S$36 million ($25 ...
