General News – Page 456
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JFE mulling takeover of Hitachi Zosen
JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding and it will instead concentrate on its mainline environment equipment and plants business to try to bolster profitability.The ...
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UK unveils new LSD(A)
The Royal Navy unveiled its latest amphibious Landing Ship Dock (Auxiliary), the Royal Fleet Auxiliary ?Largs Bay?, which is undergoing sea trails prior to entering service later this year. This state-of-the-art 16,000 tonne landing ship is more than twice the size of her predecessors. At 177 metres long, she can ...
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FPSO stranded by strike
North Sea divers have scuppered the planned departure of a recently completed FPSO conversion at a South Tyneside yard. ?Global Producer III? was due to leave McNulty Offshore in South Shields yesterday following the completion of a nine-month conversion contract for Maersk Oil UK.However, more than 900 Rail, Maritime and ...
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CSSC buys Hudong Heavy
China State Shipbuilding Corp (CSSC) will take direct control of Shanghai-listed Hudong Heavy Machinery before its planned $800 million IPO on the Hong Kong Stock Exchange next year, according to local reports.Hudong Machinery, which has a 60% market share in Chinese production of low-speed diesel engines for ships, said its ...
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Shipbuilding blueprint unveiled
China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire or jointly fund shipbuilding enterprises provided they hold no more than 49% of the shares," according to the ...
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Hyundai Mipo Q3 earnings soar
Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three months to 30 September compared with $22.6 million a year ago.Sales jumped 26.6% to $656 million, and operating ...
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Japan building new shipyard
Minaminippon Shipbuilding is planning to open by April 2008 a new shipyard able to build 100,000 DWT tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The company will also build a repair dock at the new facility and expand an existing shipyard elsewhere in Oita in ...
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Two Capers for Korea Line
Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.
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Shinpetrol goes for twenty newbuilds
The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships will be built at a cost of more than $20 million each. They will be designed by the ...
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Black Sea to get big shipyard
The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month. The new shipyard will cost $28.3 million, employ 5,000 workers and is scheduled to be operational by the ...
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USC wins AHTS order
Singapore-based CH Offshore Ltd, a subsidiary of Chuan Hup Holdings, has awarded a contract to Universal Shipbuilding Corporation (USC), in Japan, for the building of two anchor handling tug supply vessels (AHTS) at a total cost of $51.2 million. These 68 metre long, 8,993 kW, 150 tonne bollard pull, DP2 ...
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Eagle orders two bulkers
Eagle Bulk Shipping in New York has signed contracts with IHI Marine United in Japan for the construction of two Future-56 class Supramax vessels. These 56,000 DWT vessels have a contract price of approximately $33.5 million each and are expected to be delivered in January and February of 2010, respectively. ...
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Aker to build worlds largest ferries
Aker Yards has contracted with Stena Rederi in Gothenburg, Sweden, to deliver two innovative super ferries. The value of the contract is approximately $510 million. Deliveries are scheduled for the first and third quarter of 2010 and the order includes options for two further vessels of the same type. The ...
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Japanese expand lube production in China
A leading lubricant production center, the largest a Japanese firm has established in China, recently began operation in Guangzhou, south China. . The $17 million Nippon Oil (Guangzhou) Lubricating Oil Co. plant is designed to produce 27 million litres of lubricants per year. Funded by Nippon Oil Corporation, the project ...
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USN orders another LPD-17
The U.S. Navy placed a $1.4 billion order for the ?USS Arlington?, a new transport vessel to carry U.S. Marines. The ?Arlington? will be the next ship in the San Antonio-class of amphibious transport dock landing ships. Northrop Grumman Ship Systems will build the ?Arlington? at its shipyard in Pascagoula, ...
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Merwede wins Subsea 7 order
Merwede Shipyard, a subsidiary of IHC Holland Merwede, has received a contract for the design and construction of a new DP diving support/offshore construction vessel forSubsea 7. Merwede Shipyard secured this order to build yard No 713, because of the successful and cost effective cooperation it has with Subsea 7 ...
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SBM wins Brazil FPSO contract
SBM Offshore in Netherland has recently signed a contract with Shell on behalf of themselves and their partners Petrobras and ONGC for the lease and operation of an FPSO for the development of the BC-10 field offshore Brazil. The FPSO, based on the conversion of a VLCC hull from the ...
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HHI builds first underwater LNG tanks
The world's largest shipbuilder Hyundai Heavy Industries in Korea has built the world's first underwater LNG tanks. Each measures 155 metres in length and weighs 4,800 tones. The order was placed last year by ExxonMobil, and the tanks can store up to 260,000 cubic meters of LNG. Hyundai declined to ...
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Vietnam gets new coastguard vessel
The Defense Ministry?s Song Thu shipbuilding company in Vietnam launched the country?s largest-ever rescue vessel in Danang city to strengthen rescue work in Vietnam?s central coastal areas. The 3500 DWT coastguard vessel, the ?Vietnam Sea Marshal?, is equipped with state-of-the-art propulsion system, a decompression compartment for divers, and other essential ...
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ASRY delivers newbuild
The Arab Shipbuilding and Repair Yard (Asry) delivered the $5 million service vessel Nakilat-VI, built for the Kuwait Oil Tankers Company (KOTC). Building the vessel was a matter of pride for Asry, since it showed its abilities to execute a newbuilding project.The newbuilding was developed in conjunction with KOTC, in ...
