General News – Page 433
-
News
Danaos orders five Post-Panamax boxships
The Greek shipping company Danaos Corporation has signed shipbuilding contracts for five 6,500 TEU vessels with Hanjin Heavy Industries & Construction Co., Ltd. These containerships are expected to be delivered to Danaos in late 2009 and throughout June 2010. The capital expenditure commitment, which is in the region of $500 ...
-
News
Sarawak seeks extra land for shipbuilding
The Sarawak Timber Industry Development Corporation (STIDC) in Borneo hopes to obtain another 49 hectares of land to facilitate the shipbuilding industry in the new township of Tanjung Manis in Sarikei. Minister of Urban Development and Tourism said an earlier allocation of 81 hectares for the industry had been fully ...
-
News
Way ahead for LCS programme
Based on a comprehensive review of the Littoral Combat Ship (LCS) acquisition program, Secretary of the Navy Donald C. Winter said he is prepared to lift a previously issued stop work order for construction of LCS 3. The ship is currently under contract to Lockheed Martin Corp. Maritime Systems & ...
-
News
USCG cancels $600M ship deal
The U.S. Coast Guard (USCG) has canceled a $600 million contract awarded to a joint venture of Lockheed Martin Corp. and Northrop Grumman Corp., and said it plans to award a new deal next year. The USCG opted to end the contract for 12 "fast response cutters" about a year ...
-
News
Liberian Registry undertakes successful IMO audit
THE Liberian Registry has successfully undergone a voluntary audit under the International Maritime Organisation?s recently adopted Member State Audit Scheme. Liberia, the largest flag to have thus far carried out the audit, has emerged without a single non-conformity recorded against the operation of the registry.The IMO Audit Scheme is intended ...
-
News
Sunseeker going mega
Sunseeker International Limited in Poole, England, has agreed outline terms with US-based Luhrs Marine for the purchase of its Legend Yacht manufacturing facilities at Osprey Quay, Portland on the UK's South Coast. The site will be acquired to accommodate Sunseeker International's planned expansion with a license to use the facilities ...
-
News
Damen delivers Qatar pilot boat
Following a contract in the summer of 2006, Qatar Shipping Co. has just taken delivery of the new pilot boat 'SHAQRA'. The pilot boat is of the standard Damen Fast Crew Supplier 1605 design and will be used by Qatar Shipping Co for its contract with Qatar Petroleum for the ...
-
News
Cosco Nangtong wins cylindrical rig
COSCO Corporation (Singapore) reports that its 51%-owned subsidiary, COSCO Shipyard Group, has secured a contract from Sevan Drilling Pte Ltd, a subsidiary of Oslo-Sevan Marine ASA, to build a Sevan drilling unit, based on the proprietary Sevan 650 design, featuring the Sevan cylindrical platform. The contract is divided into two ...
-
News
Singapore invests in Cebu shipbuilding
Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said.Marina Administrator Vicente Suazo said he will facilitate the meetings between the Singaporean investors and the National Maritime Leasing Corp. (NMLC) and the Philippine ...
-
News
Iran to expand VLCC fleet
The Chairman of state-owned National Iranian Tanker Company (NITC), a subsidiary of the National Iranian Oil Company, said that the company is planning to buy seven VLCCs to its current fleet of 28 tankers within the next three years, at a total cost of $910 million. He pointed out that ...
-
News
Samsung wins two LNG carriers
Samsung Heavy Industries has won an order for two 90,000 cbm LNG carriers from a European shipowner. Total contract price is $426 million and delivery is scheduled by May 2011.
-
News
Aker to sell entire stake in Aker Yards
Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a subsidiary when the Norwegian groups Aker RGI and Kvaerner ASA merged to become the Aker ASA concern. The ...
-
News
BAE and VT agree on JV
BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to head the new company. Industry sources say that the joint venture will be approximately 55% owned by BAE, ...
-
News
Turkey building its largest ship
The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing a 180,000 dwt bulk carrier which will be a first for Turkey.Construction began on what will be the ...
-
News
SCI to expand fleet
In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire 16 vessels. SCI is already spending $1 billion to buy 12 vessels, which will be delivered between 2008 ...
-
News
Mipo wins roro quintet
Hyundai Mipo Dockyard has won an order for five roros at the price of W 407.9 billion from a European ship owner. They will be delivered by April 2011.
-
News
Vacon opens Oz subsidiary
The Finland-based AC drives manufacturer Vacon strengthened its global presence by opening a subsidiary in Australia. With the head office in Melbourne, and sales offices in Perth and Brisbane, Vacon Pacific will concentrate on serving the growing markets of Australia and the Pacific region. "By opening a subsidiary in Australia ...
-
News
First ro-pax cat completed for Turkey
Following the launch in December of ?Osman Gazi-1?, the first of two Austal built Auto Express 88 fast car ferries for the Istanbul Metropolitan Municipality, an inaugural voyage for representatives of the operating cities of Turkey was held on 12 March. This was to commemorate the successful completion of sea ...
-
News
Sub rescue service for Singapore Navy
James Fisher Defence Limited (JFD), a subsidiary of James Fisher in the UK (FSJ), has, with its partner Singapore Technologies Marine Ltd (ST Marine), been selected jointly to deliver a comprehensive submarine rescue service to the Republic of Singapore Navy (RSN). Under the contract, ST Marine and JFD will ...
-
News
Germany optimistic on sub dispute
Germany's defence minister said recently he was optimistic a dispute between Greece's military and a German shipyard would be resolved, allowing an order for submarines to proceed.Greece last year delayed receipt of the first of four Type 214 submarines, arguing its specifications had yet not been met. The submarine is ...
