General News – Page 420
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COSCO and Kawasaki to form second JV
COSCO Group, China's shipping conglomerate, has signed a deal with Japan's Kawasaki Heavy Industries Ltd. to build a shipyard in northeast China, their second such venture in the country.COSCO will control 70% of the facility, which will cost 3.8 billion yuan ($500 million) in its first phase, and Kawasaki will ...
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Hyundai wins large boxship order
Hyundai Heavy Industries has won an 857 billion won ($923 million) order to build eight container vessels. The deal from a European company calls for HHI to deliver the ships by December 2010. The Korean shipbuilder clinched record-high orders last year because of strong demand for crude carriers and offshore ...
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CDL to launch Indian AHTS
Colombo Dockyards Limited?s (CDL) launch of the Anchor Handling Tug Supply vessel, built for Great Ship (India), is scheduled to take place next week. "This occasion will mark the first launching of the new construction hull to be carried out utilising the recently converted shipbuilding dock," Assistant Manager Marketing Darshana ...
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Singapore goes to Dubai for new MRs
Dubai Drydocks (DD), a market leader in ship repair and conversions, has concluded an agreement with Singapore-based Navig8 Shipmanagement Pte Ltd to build four medium range (MR) product tankers, with an option for four more vessels.The deal is valued at $175 million and is the biggest-ever signed by DD and ...
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Another FPSO for Samsung
Samsung Heavy Industries has secured a sizable order from an Asian customer to build an FPSO in a contract worth $470 million. The vessel will be delivered by September 2010.
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BMT launches into India
BMT Group Ltd, the UK-based maritime consultancy, launched its India operations last week in an attempt to tap into the ship-building boom in the country. Several Indian companies have been looking to invest in shipyards as demand for ships increases all over the world and BMT?s India team will focus ...
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Cosco Zhousan books orders worth $1.2 billion
China's Cosco (Zhoushan) Shipyard Co., Ltd. has received newbuilding orders worth nearly $1.2 billion. Of this, $669 million is accounted for by contracts from Cosco International Ship Trading for twelve 57,000 dwt bulkers and four 5,000-vehicle PCTCs (pure car truck carriers). These newbuildings are scheduled to be delivered between December ...
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Norwegian owner orders more supramax bulkers
In addition to the six newbuildings announced in the press release dated 2 May 2007, the Norwegian ship owner Camillo Eitzen & Co ASA signed agreements for long term time charter with purchase option for additional four 58-60,000 dwt Supramax bulk carrier newbuildings. The vessels will be delivered from Japanese ...
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Malaysian shipbuilder plans expansion
Nam Cheong Dockyard Sdn Bhd in Miri, Sarawak, Malaysia, is planning to expand its business overseas and increase its shipbuilding capacity on the back of higher demand for oil and gas support vessels, especially for deepwater exploration. Its executive director Leong Seng Keat said the company's future direction was in ...
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5,000 tonne heavy lifter ordered
Nordic Heavy Lift subsidiary Avonway has ordered a unique crane vessel with a record 5,000 tonne single mast lifting capacity from Singapore?s Sembawang Shipyard. Sea of Solutions, part of the Offshore Ship Designers Group, was responsible for both the concept and basic design of this monohull vessel, which has the ...
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New seismic vessel for Fugro
Fugro has christened its new 3-D seismic vessel Geo Barents. This newbuilding is a 3-D seismic acquisition vessel capable of deploying six 6 streamers of up to 9 km in length. The vessel has an overall length of 76.95m and was built at Solstrand shipyard in Tomrefjord, south-west Norway, for ...
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Vik-Sandvik design wins award
Normand Seven built by Ulstein Verft in Norway, has been voted ?Ship of the Year 2007? by the readers of Skipsrevyen in Norway.The award was presented to the Ulstein Group at the Nor-Shipping trade show in Lillestr?m, Oslo. This is the second year in a row that the Ulstein Group ...
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Maersk orders two more AHTSs
Maersk Supply Service has ordered two more 23,500bhp multi-purpose anchor handling tug supply (AHTS) vessels from Volkswerft Stralsund in Germany. The two vessels will be sister ships to the four multi-purpose anchor handling tug supply vessels ordered in December 2006. The vessels will be delivered in the second and third ...
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Havila orders DSV
The Chinese shipbuilding company Jiangsu Eastern Shipyard has been awarded a contract to build two oil tankers worth $61.49 million by Indonesia's state-run oil firm Pertamina. Jiangsu is expected to deliver the two tankers in July 2010.The contract was a result of a recent tender attended by several foreign shipbuilders, ...
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Nordcapital orders AHTSs in Korea
Nordcapital, Germany, has signed a contract with Se Kwang Heavy Industries, (the former INP) Ulsan, Korea, to deliver four UT 786 CD anchor handling tug supply vessels (AHTS). The total value of the contract is approximately $ 300 million and delivery is scheduled for the third and fourth quarter of ...
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Korea's WIG project stalled
The development of the WIG (wing in ground-effect) craft, which the government hoped to use as a next-generation marine transport, has stalled since the government has failed to find a private-sector partner. The WIG craft is essentially an airplane that flies just above the surface of the sea at speeds ...
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Ship Finance orders container ships
The New York-based Ship Finance International Ltd., which operates a fleet of oil tankers and other ships, has signed contracts to buy five new container ships for a combined value of $190 million.The vessels will be built by two shipyards in China, Jiangsu Yangzijiang Shipbuilding Co. Ltd. and Guangzhou Wenchong ...
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Nippon develops corrosive-resistant steel plate
Nippon Steel Corp. and Nippon Yusen Co., Ltd. co-developed corrosive-resistant thick steel plate (NSGP-1) to use for the bottoms of cargo tanks in crude oil tankers. Nippon Yusen will proactively adopt this thick steel plate to crude oil carriers that it will build in the future. To develop NSGP-1, Nippon ...
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Washington yards join forces to build new ferries
Washington state moved a step closer to building four new ferries after three shipyards submitted a joint proposal to construct the 144-car vessels. It was a compromise, crafted by the state Legislature, after Martinac Shipyards of Tacoma threatened litigation when it was shut out of the bidding process two years ...
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Daewoo opens ship block factory in China
South Korean shipbuilders are expanding their manufacturing facilities abroad on the back of the vibrant market, despite nationalistic criticism that such overseas investments may cause inadvertent technology transfer to strong competitors such as China. Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX are either operating or building dockyards ...
