General News – Page 409
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Cunard orders a new Queen
Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be the second largest Cunarder ever built and is scheduled to enter service in the autumn of 2010. In ...
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Yangzijiang books box ship orders
Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of $409.7 million. The company now has contracts in hand for 129 ships totaling 2.2 million cgt and worth ...
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Shipyard profits rise
Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in 2005. Profit before taxes were reported at $14.5 million, a 48.7% increase on 2005 figures.
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Hyundai expands engine plant
Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010, The South Korean shipbuilder will also invest 150 billion won to build a new block plant in Gunsan, ...
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Hawaii orders lift U.S. Barge
A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial and Oregon Iron Works Inc., and announced its first contract 13 months ago. Young Brothers Ltd. in Hawaii ...
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ABG bulk carrier order
India's ABG Shipyard has received an order worth $360 million from a German company to build six 35,000 DWT handy size bulk carriers The order was placed by the Hamburg-based Bereederungsgesellschaft H Vogemann GmbH & Co KG.
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Cala to sell first UnderSea Casino
The Cala Corp in the USA has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on 11 November. The company is confident that the $100 billion per year industry needs the UnderSea offshore ships because the potential for net profits will be much ...
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Garware Offshore plans JV with Havyard
Mumbai-based Garware Offshore Services Ltd plans to enter the shipbuilding business by setting up an exclusive facility for constructing offshore support vessels. This shipbuilding yard will be a joint venture with Norway-based ship manufacturer Havyard Leirvik AS, a subsidiary of Havyard Group AS. Havyard Leirvik builds offshore vessels, ice-breaking ships ...
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Daewoo mulls plant in North Korea
Daewoo Shipbuilding & Marine Engineering (DSME) may consider building a $150 million block plant in North Korea to help meet rising demand, the Yonhap new agency reported quoting the Daewoo's President, Sahng Tae Nam.Sahng's remark came after a three-day summit between South Korean President Roh Moo-hyun and North Korean leader ...
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GE orders two MSVs
India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support for offshore oil exploration activities. The MSVs will be built at the state-owned Mazagon Dock to the account ...
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Gazprom visits Murmansk shipyard
Representatives of the Sevmorneftegaz company, a subsidiary of the Russian gas major Gazprom, recently visited the Nerpa shipyard in Murmansk Oblast to discuss the shipbuilder???s possible role in the development of the Shtokman field in the Barents Sea.On the agenda was the shipyard???s existing and potential capability in the development ...
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Tata to look at shipbuilding
The Tata group is looking at the possibility of entering the shipbuilding business as India looks set to boost its shipbuilding capabilities to meet growing global demand for cargo ships. The Tata group has shown interest in building a shipyard near Shivrajpur in Gujarat after the state government invited expressions ...
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Indian firms seek incentives for shipyard projects
A number of private companies in India have expressed their interest in building two large shipyards planned by the government are now asking for several incentives, including a special economic zone (SEZ) status for the facilities. The companies claim these will help them save on taxes and make them more ...
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OSG orders two more tankers
Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) have signed an agreement pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping, will construct two additional Veteran Class MT-46 Jones Act product tankers. The tankers will be transferred to another subsidiary, American Shipping Corporation, which will ...
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Gelibolu ready for shipyard project
Studies have started for a shipyard construction project in ??anakkale's Gelibolu district on one million square-metres of land in Cevizli Village. The proposed shipyard will be the biggest in Turkey and the Middle East. The project, to be built by a consortium formed by Turkish Union of Ship Owners president ...
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China orders from STX
STX Shipbuilding has won a $30 million order from a Chinese shipping company to build a handy-size bulk carrier. The order placed by Taizhou Maple Leaf Shipbuilding Co. calls for the South Korean shipyard to deliver the carrier by 2010.
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Sea Ocelot delivered to Deep Sea
Deep Sea Supply's Sea Ocelot, a 10,800 bhp AHTS vessel, was delivered from Jaya Shipbuilding & Engineering Pte Ltd. in Singapore. The Cyprus-based Deep Sea Supply has a one-year firm bareboat charter agreement with owner Java Marine Lines Pte Ltd., and has also secured a purchase option at the end ...
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L&T set to build warships
Going after the government???s planned Rs50,000 crore investment in warships, India???s largest engineering and construction firm Larsen & Toubro Ltd (L&T) plans to build defence warships and para-military vessels at its proposed shipyard at Kattupalli, in Tamil Nadu, to cater for the needs of the Indian Navy.???L&T plans to enter ...
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SembCorp to invest in second shipyard in Brazil
Sembcorp Marine said today that its unit Jurong Shipyard and Brazil's WTorre Empreendimentos Imobilirios SA have signed a memorandum of understanding (MOU) to form a joint-venture company to own and operate a shipyard in Brazil. The terms of the deal are still being finalized, it said. The shipyard, which WTorre ...
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Two more seismic ships for Dubai
The newly formed Dubai-based shipping company Eastern Echo (EE) is to build two more Ulstein designed SX 124 X-Bow seismic vessels in Dubai for delivery in the first quarter and second quarter of 2009. The vessels will be built at Dubai Drydocks and brings the number of orders for this ...
