General News – Page 429
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Golden Ocean bags newbuildings
Golden Ocean Group Ltd. has acquired two newbuilding contracts each at Daehan Shipbuilding in South Korea and Zhoushan Jinhaiwan Shipyard in China. According to the company, the vessels of 170,000 dwt and 176,000 dwt respectively will be delivered between December 2008 and October 2009. The total purchase price for the ...
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Vinashin to build passenger ships
Vietnam?s Prime Minister, Nguyen Tan Dung, gave the nod Vinashin to build six high-speed passenger ships to operate on the north-south sea route. The 160m-long ships, to be fitted with 60,000kW engines, are estimated to cost between US$1.5-2 billion in total. Each passenger vessel will be able to carry 2,000 ...
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Daesun wins chemical carrier
Daesun Shipbuilding in South Korea wins a new order for a chemical tanker from ship owner in Marshall Islands at the price of W 71.5 billion. Delivery will be made in November 2010.
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Petrobras looks to buy ethanol tankers
Petroleo Brasileiro SA, Brazil's state-controlled oil company, may purchase tankers from Brazilian shipyards to export ethanol as the company moves to quadruple foreign sales of the biofuel. The ships would expand a plan to build 42 vessels for Rio de Janeiro-based Petrobras's fleet of tankers as increased oil, gas and ...
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Seaspan inks contract for boxship quartet
Seaspan Corporation has signed contracts to build four 4,250 TEU container ships at Jiangsu New Yangzi Shipbuilding in China. These new orders are in addition to the ten 2,500 TEU vessels Seaspan previously ordered from Jiangsu Yangzijiang Shipbuilding, a shipyard affiliated with Jiangsu. The four newbuilding vessels are scheduled to ...
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Canada to upgrade Coast Guard fleet
The Canadian federal government has announced it will spend $284.5 million to purchase six new vessels for the Canadian Coast Guard.The vessels, which will be phased into the existing coast guard fleet between 2009 and 2014, will include four mid-shore patrol vessels, one offshore science vessel and one hovercraft. Three ...
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L&T to invest in new shipbuilding yard
Mumbai-based engineering and construction company Larsen & Toubro (L&T) will set up a major state-of-the-art shipbuilding yard at a cost of Rs1,500 crore. The company has identified three locations ? Chennai in Tamil Nadu, Kakinada in Andhra Pradesh and Mundhra in Gujarat for the project. Once the location is finalised ...
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Havila to acquire Kleven Maritime
Sources in Norway suggest that Havila AS is in the process of acquiring 51% of Kleven Maritime. "Kleven's shareholders have accepted Havila's offer, and Havila wants to merge Kleven with Havila's existing shipyards and through Havyard Group establish a robust and effective international player within shipbuilding and ship design," said ...
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Dubai looking to modernise its waterbusses
The Marine Transport Agency at the Roads and Transport Authority (RTA) in Dubai (UAE) has received a delegation from the Dutch's Damen Shipyards. A number of important issues were discussed during the meeting, including the prospects for cooperation between the marine Agency and the shipyard. As a result, Damen has ...
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Film stars order yacht with submarine
Movie stars Angelina Jolie and Brad Pitt are treating themselves to an Italian luxury yacht fitted with a swimming pool, a heliport and a submarine. The yacht will be built in the shipyard of Civitavecchia, a port town north of Rome, by luxury shipbuilder Privilege Yard, which said that the ...
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Ship prices to remain high
Hyundai Heavy Industries and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said. Executives at Varun Shipping Co., which has spent $320 million buying vessels this year, and at BW Shipping Managers Pte., which runs ...
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Danaos orders five boxships from Hanjin
Danaos Corporation has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction. These containerships are expected to be delivered to Danaos from November 2009 through June 2010. The capital expenditure commitment which is in the region of $300 million will be financed by existing credit ...
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Dubai consolidates shipyards
Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD World), a statement said."The decision to establish Dubai Drydocks World is a reflection of the ambitions to expand ...
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Kandla port project hots up
The race for the Rs 2,000-crore ship building yard project at Kandla, India, is hotting up with as many as 14 leading infrastructure companies in contention. These include large Indian companies such as ABG group, Essar Construction, Bharati Shipyard and L&T as well as foreign players such as South Korea?s ...
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Transpetro inks order for nine tankers
Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts $866 million for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers for $517 million and four Panamax oil tankers for $349 million.The vessels are to join Transpetro's fleet between ...
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SNTG orders four parcel tankers
Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) in Korea for four 43,000 DWT parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries expected to take place in 2011 and ...
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Indian shipbuilding to grow dramatically
The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate of 30%. In a recent report, a consultancy firm has said that India's share in global order book is expected to be around 15 % by 2020, compared to ...
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China knocks shipbuilding into shape
China will implement its first ever market access regulations for shipbuilding manufacturers from 1 October in order to prevent production of low-quality vessels. Jin Zhuanglong, vice minister of the Commission of Science, Technology and Industry for National Defence, said the shipbuilding sector, which had grown rapidly in recent years, urgently ...
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VT wins OPV order
Support services and shipbuilding company VT Group in England has been contracted to build and manage three offshore patrol vessels (OPV), including associated training and long-term maintenance support, that are to be supplied to Trinidad. The program, which was part of a proposal from the Government of the United Kingdom ...
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EUKOR orders PCTC quartet
EUKOR Car Carriers has placed an order with Korea shipbuilder Hyundai Heavy Industries (HHI) for four large Pure Car and Truck Carriers (PCTCs). The vessels will be built at the HHI Shipyard in Ulsan and deliveries are scheduled for 2010.These state-of-the-art ships will become the world?s largest PCTCs with a ...
