General News – Page 416
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Biggest boxships yet built by HHI ordered
Nordcapital Group and Hyundai Heavy Industries (HHI) signed contracts for the building of eight massive container ships with a capacity of 13,100 TEU each. These will be the largest container ships HHI has built and also represents the biggest single contract for the shipbuilders with a value of $1.4 billion. ...
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BAE - VT merger
The UK shipbuilders BAE Systems and VT Group confirmed the long-awaited merger of their shipbuilding assets following the Government?s decision to provide the Royal Navy with two new aircraft carriers. The £1 billion company will effectively become the UK?s last shipbuilder and the joint venture will own dockyards at Portsmouth ...
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IHI to set up factory in Vietnam
Japan?s leading shipbuilder, IHI Corporation, will establish a 100% foreign-owned factory in Vietnam?s northern city of Haiphong. The move makes the first time that a large foreign shipbuilder has established a facility specialising in ship design in Vietnam. The factory is expected to represent 25% of the design of commercial ...
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HHI on-ground system cuts build time
Hyundai Heavy Industries Co., Ltd. (HHI) recently launched an 82,000 m3 LPG carrier for Norwegian company BW Gas, formerly known as Bergesen. This is the first LPG carrier built on the ground at HHI, rather than in the conventional dry dock method. The Korean shipbuilder has so far completed 16 ...
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AMC gets new wharf
The Australian Marine Complex (AMC), Australia?s premiere shipbuilding precinct, has been a hive of activity recently with the opening of a new wharf. Located on the shores of Cockburn Sound, 23 kilometres south of Perth, Western Australia, the complex has become Australia's leading integrated industrial estate with a deepwater port, ...
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MOL in joint ownership of new LNG carrier
Mitsui O.S.K. Lines, Ltd. (MOL) has announced that, together with the Kansai Electric Power Co., Ltd., and Iino Kaiun Kaisha, Ltd. (Iino Lines), it has agreed on joint ownership of a newly built LNG carrier (MOSS type, 145,000m3). MOL will hold a 15% share of the new vessel, Kansai Electric ...
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Horizon wins tug contract
Horizon Shipbuilding in Bayou La Batre, USA, has won a $80 million contract to build up to nine 43 metre tugs designed to push barges full of refined oil products on the nation's inland river transport system. The three-year deal will mean hiring about 120 new workers at the Bayou ...
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Asia?s first 10,000 TEU container ship christened
Asia's first 10,000 TEU container ship, classed by Lloyd?s Register, was recently christened at Hyundai Heavy Industries? (HHI) yard in Ulsan just days before its scheduled delivery on 6 August to the China Ocean Shipping Group (COSCO), China?s biggest shipping line. COSCO Asia, designed with a nominal capacity of 10,050 ...
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UK's future aircraft carriers given the green light
UK's Secretary of State has announced the building of Britain's largest ever naval ships and orders will now be placed for the two new aircraft carriers. The ships will have a displacement of 65,000 tons and will be named, as previously announced, HMS QUEEN ELIZABETH and HMS PRINCE OF WALES ...
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SSN in financial trouble
Just five years after it was founded, Stocznia Szczecinska Nowa (SSN) is facing bankruptcy. The Polish shipbuilder is supposed to get PLN 100-200m (EUR 26.6-53.2m) of capital and PLN 34m of credit. SSN wants its shareholders, i.e. state-owned Agency for Industrial Development (ARP) or KPS corporation, to raise its capital. ...
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Erria awards Rushan contract for three chemical tankers
Danish maritime company Erria A/S has awarded the Chinese shipbuilder Rushan Shipyard a newbuilding contract for three chemical tankers. The contract covers a firm order for three 6,500 DWT chemical tankers and options for three plus three additional vessels. No financial details were disclosed. Erria, headquartered in Kastrup, Denmark, is ...
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Portosalvo orders Aker PSV
Aker Yards has entered into a contract with Portosalvo Ltd. for the building of one 4,800 DWT Platform Supply Vessel based on the design Aker PSV 09 CD. The value of the contract is approximately $53.5 million and delivery is scheduled in 4Q 2010. Portosalvo, a UK based subsidiary of ...
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Guangzhou Shipyard sees H1 net up sharply
Shanghai-based shipbuilder Guangzhou Shipyard International expects a massive increase in its net profits for the first half compared with a year earlier. Guangzhou Shipyard, controlled by the country's biggest shipbuilder China State Shipbuilding Corp., attributed the gain to improved efficiency and new accounting rules. The company booked $20.31 million net ...
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Daewoo wins semisub order
South Korea's Daewoo Shipbuilding & Marine Engineering has won an order from an undisclosed South American country worth $633 million to build a semi-submersible drilling rig for delivery in August 2010.
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ASL secures European orders
Singapore shipbuilder ASL Marine Holdings has secured new shipbuilding contracts worth $67.5 million from European clients. The contracts are for one 90 metre DP-2 subsea operation vessel, two Rotor tugs and 2 self-propelled split hopper barges. The Rotor tugs are repeat orders and are expected to be completed in 2010. ...
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Vinashin to build sixteen ships for India and Israel
Vietnam's state-run Vinashin Business Group will build sixteen 316,000 DWT cargo ships for Indian and Israeli shipping firms. This will be the largest ships to be built in Vietnam and they will be constructed at the Dung Quat shipyard which is located in central Vietnam. No more details are available ...
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ABG bags PSL order
ABG Shipyard in Mumbai, India, has secured a major order for 12 bulk carriers of 32,000 DWT at a total price of $360 million from Precious Shipping Public Co. Ltd. (PSL), Thailand, as a part of its ship acquisition programme. Delivery of the first unit is scheduled in March 2010 ...
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EC welcomes Polish yard cuts
The European Commission has welcomed the proposal by Poland to reduce capacity in the country?s shipyards at Szczecin and Gdynia, as a necessary step forward in the restructuring process financed by state aid. But it has warned that it needs more information on Gdansk or it may require subsidies to ...
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MOL's new training ship starts lessons
Mitsui O.S. K. Lines (MOL) has started onboard training using its newly built training vessel, the SPIRIT OF MOL. The first intake of trainees took place in Manila, one of the company?s main base of human resource, earlier this month.The ?Spirit of MOL? left on its first training voyage with ...
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Keppel clinches specialised ship contracts
Keppel Singmarine Pte Ltd (Keppel Singmarine), the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured four contracts worth a total of $230 million to build six offshore support vessels (OSV) and a derrick pipelay vessel. Delivery dates for these vessels are expected between the second half ...
