General News – Page 399
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Damen starts JV in UAE
Damen Shipyards Group has purchased 49% of the shares of Albwardy Marine Engineering (AME), Dubai, UAE. AME is active in ship repair, shipbuilding, repair of offshore units and diving activities and has facilities in Dubai, Fujairah (UAE) and Salalah (Oman). AME employs approximately 780 people, of whom the vast majority ...
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L&T?s shipyard plans get nod from government
With the Tamil Nadu cabinet clearing the project, Larsen and Toubro Ltd (L&T) will move ahead to set up a Rs3,000 crore new shipyard-cum-port project at Kattupalli in Thiruvallur district of Tamil Nadu in India as a special economic zone (SEZ). The state government?s approval came nearly 16 months after ...
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Bharati to build new yard
Mumbai-based Bharati Shipyard is all set to construct a greenfield modern shipyard at Usgaon near the Dabhol port in Maharashtra's Ratnagiri district. The new yard would have the capacity to build vessels up to 100,000 DWT and will be fully operational in next two years. Majority of the machineries and ...
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Hanjin builds shipyard in Mindanao
Korean shipbuilder Hanjin Heavy Industries and Construction Co. has signed a deal to build a $2 billion shipbuilding complex with the Phividec Industrial Authority, the state-run agency tasked to develop industrial sites. The facility will be the largest in the Philippines, even bigger than Hanjin?s $1 billion shipyard complex in ...
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Hyproc plans to order tankers
Hyproc Shipping Co., Algeria's state- owned shipping company, plans to buy enough tankers to carry half the nation's crude-oil production, Oil Minister Chakib Khelil said. Algeria, Africa's fourth-largest oil producer, owns one VLCC and Hyproc chairman Mostefa Mohammedi last year said the company's 25 year old fleet of gas tankers ...
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Wan Hai names newbuilding
The sixth 2,646 TEU containership built by SembCorp Marine?s subsidiary Jurong Shipyard for Taiwan?s Wan Hai Lines was named ?Wan Hai 317?. The newbuilding is one of the largest and most sophisticated of its kind designed and built in Singapore and is the sixth unit of the yards? Jubilee class ...
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NYK orders speed reduction
Another shipping line is looking at reducing sailing speeds as a way of cutting bunker consumption. Koji Miyahara, President of the Japanese NYK Group, has called for a ?rationalization? of Group policy. "A 10% slowdown of voyage speed will produce a more than a 25% saving of fuel oil," he ...
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Hyundai Mipo wins ten product carriers
Hyundai Mipo Dockyard has received an order valued at 433 billion won ($464 million) from an Asian shipping company to build 10 chemical product tankers. The vessels will be delivered by April 2011, the shipbuilder said without naming the buyer. Hyundai Mipo, the world's fourth-biggest shipyard, received a record $6.3 ...
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Cyprus owner chooses X-bow PSVs
Ulstein Design has signed contracts with the Spanish shipyard Astilleros de Sevilla to deliver design and equipment packages for two Ulstein PX105 platform supply vessels. The ships will be built for the shipping company EDT Offshore Ltd, Cyprus and the contract is worth around NOK 240 million. The Ulstein Group ...
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SCI plans to build vessels
The Shipping Corporation of India (SCI), India?s largest liner shipping company, plans to start building ships and is currently in talks with private shipbuilders at home and abroad for a shipyard project that will cost around Rs 4,000 crore ($1.02 billion). "We are negotiating with both Indian shipbuilders as well ...
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Italy proposes European yard merger
Italy's deputy transport minister Cesare De Piccoli said the idea of a merger of Aker Yards ASA with Italy's state-owned shipbuilder Fincantieri SpA is gaining industry and political support. Aker Yards management has hired financial advisers, including JP Morgan, to examine ?strategic alternatives? for the Norwegian shipbuilder after Korea's STX ...
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C&Heavy wins bulker order
South Korean shipbuilder C&Heavy Industries has won a 99.5 billion won ($106.2 million) order for two bulk ships from an unidentified European company. Both newbuildings are scheduled for delivery by September 2011.
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China?s first deep-water rig
Shanghai Waigaoqiao Shipbuilding (SWS) has won the contract to build China?s first deepwater drilling rig for China National Offshore Oil Corporation (CNOOC) with ABS awarded classification. The rig will be the first built by SWS which is known for building large bulk carriers and FPSOs. The rig is scheduled to ...
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Seabourn orders third newbuilding
A year after the Miami-based Yachts of Seabourn announced that it would build two new ultra luxury ships, it has exercised the option for another 32,000 gt cruise ship. Advance booking activity for the first, Seabourn Odyssey, has led to the line's decision to exercise its option. The third sister ...
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Rio Tinto orders three VLOCs
Rio Tinto, the world's second largest iron ore mining group behind Brazil's Vale, plans to order three very large ore carriers (VLOC) to transport iron ore from Pilbara in Western Australia to Asia at a cost of about $315 million. The 250,000 DWT vessels will be built by Namura Shipyards ...
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Hyundai wins chemical carrier orders
Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has won tow orders valued at 284 billion won ($302 million) to build six petrochemical carriers. The contracts with a European shipping company and an Asian shipping company call on the shipbuilder to deliver the vessels by December 2011.
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Cosco Shipyard in new repair yard JV
China's Cosco Shipyard Group and Jiangsu Lianyungang Port Co. Ltd. have formed a 60/40 joint venture company called Cosco Lianyungang Shipyard Co., Ltd which will be a subsidiary of Cosco Shipyard Group. Its principal activities are repairing and conversion of merchant vessels and offshore structures. In the long-term, it is ...
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Dubai Drydocks plans more acquisitions
Dubai Drydocks is planning to invest $200 million this year for acquisitions and joint ventures to maintain its leading position in the ship-building industry in the Middle East. Last year in July, DD acquired Singapore?s Pan-United Marine Limited, its first overseas acquisition. Much of DD?s growth was achieved in the ...
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SembCorp wins Atwood semi sub
Jurong Shipyard, part of SembCorp Marine in Singapore, entered into a $280.5 million contract with Atwood Oceanics Pacific Ltd to build a semi-submersible drilling rig. The contract with the subsidiary of Houston-based Atwood Oceanics Inc includes an option to build an additional unit. The first unit is scheduled for delivery ...
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Ferguson stays afloat
Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed yesterday had removed one burden by writing off a £4.425m loan, is predicting better times.Ferguson's directors, spearheaded by ...
