General News – Page 541
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Engine break-through in China
Two major orders for a total of 12 engines have been placed with Chinese shipyards both calling for Mitsui-built K98-cm bore engines of MAN B&W Diesel design.The first project is at Hudong-Zhonghua Shipbuilding (Group) which is building four 8,500 TEU container ships with up to four options for China Shipping ...
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Saigon Shipmarin into newbuildings
The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) is investing more than $17 million in their shipyard to enable the company to build ships of over 10,000 tonnes. Currently, the Ho Chi Minh City-based shipbuilder is building a 15,000 tonne specialised barge for the Viet Nam - Russia Oil ...
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STX and SAM to cooperate
STX Engine, the affiliated company of STX Corporation in South Korea which owns STX Shipbuilding, has selected SAM Electronics as preferred partner for supply and integration of navigation and communication systems. Under the agreement which will be valid from March this year to March 2008 and will commence in 2006, ...
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BP has new bunker location in Fremantle
BP Marine has opened its new, relocated bunkering operation in North Fremantle, following a multimillion dollar investment in its Western Australia facility.BP has decided to continue its 80-year marine bunkering history at the port by relocating its marine fuels operation to a new home in North Fremantle after the long-term ...
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South Korea claims victory in WTO dispute
South Korea claims that the World Trade Organization (WTO) decision calling on Seoul to end shipbuilding subsidies within three months represents a victory in its long-running shipbuilding dispute with the European Union. The foreign ministry said WTO?s ruling "has no impact" on the South Korean shipbuilding industry as the subsidies ...
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Daesun clinches two LPDs
Daesun Shipbuilding in South Korea has won an order for two landing platform docks from Indonesian Navy. Total contract price is $58.7 million and both vessels will be delivered by August 2007.
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Kawasaki gets order for small LNG carrier
Maple LNG Transport, a joint venture owned equally by MOL and Hiroshima Gas, has ordered a 19,100 cubic metre LNG carrier from Kawasaki Shipbuilding, and signed a 20 year charter contract with HG LNG Shipping Corporation, a wholly owned subsidiary of Hiroshima Gas. The Moss type LNG carrier has three ...
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Aker gets F. Laeisz duo
Aker Ostsee in Germany, a part of Aker Yards, has been awarded contracts to build two container vessels of the type Aker CS 2700 for Reederei F. Laeisz GmbH in Rostock (Germany). The total contract value is approximately $106 million. The vessels are due for delivery in the first and ...
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Chinese JV overcomes iron ore price hike
China Ocean Shipping (COSCO) and Anshan Iron and Steel Company (AISC) have become strategic partners to minimise the effects of iron ore price hikes. Under the joint venture agreement, COSCO will provide low-cost transportation for iron ore imports and the export of steel products for Anshan Steel. In return, AISC ...
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Korea to remain tops
Korean shipbuilders will maintain their No. 1 position in the world until 2015 with a market share of over 40% in terms of completion volume, according to an announcement by Korea Shipbuilder?s Association. Korean shipbuilders completed 15.14 million GT and will build 16.7 million GT in 2015 when world completion ...
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Color goes for second cruise ship
Color Line AS and Aker Yards have signed a letter of intent (LOI) for the order of a second ship, a sister vessel to ?Color Fantasy?, the world's largest cruise ship with car decks delivered from Aker Finnyards in December 2004. The contract is valued at approximately $400 million and ...
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Lauritzen expands LPG fleet
Lauritzen Kosan, the gas arm of Danish shipowner J. Lauritzen A/S, has signed a newbuilding contract for a series of four semi-pressurised gas carriers with ethylene capacity at INP Heavy Industries in South Korea. The deal includes options for further vessels. The first vessel will be delivered in the fourth ...
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Fincantieri delivers Tirrenia ferry
Italian shipbuilder, Fincantieri, has delivered the 40,000 gt cruise ferry ?Sharden? to Tirrenia Navigazione. Built at Fincantieri?s shipyard in Castellammare di Stabia, this newbuilding completes the ferry company?s modernization programme. Measuring 214 metres long and 26 metres wide, it 30 knot vessel can transport 3,000 passengers and 1,085 cars between ...
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Destroyers decision delayed
The decision on the winner of the Australian $6 billion contract for naval air warfare destroyers has been delayed by at least three weeks following demands made by the Defence Department for more detail from the Victorian and South Australian governments about their support for the project. Victoria wants the ...
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HHI in boxship bonanza
Hyundai Heavy Industries has won orders for container ships worth $1.1 billion from shipowners in Kuwait and Iran. United Arab Shipping Company in Kuwait ordered eight 6,800TEU vessels to be delivered by November 2008 while Islamic Republic of Iran Shipping Lines ordered two 6,500TEU ships. The latter are also scheduled ...
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VT Halter completes Jean Anne
VT Halter Marine has delivered its largest newbuilding, the pure car and truck carrier Jean Anne, to its owners Pasha Hawaii Transport Lines. The 178 metre long vessel has a capacity of more than 3,000 vehicles on a total of 10 decks, including three hoistable decks that allow the ship's ...
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Third Freedom for Aker
Royal Caribbean Cruises (RCCL) and Aker Yards have signed a LoI for the order of a third ship in the Freedom class, the world's largest cruise ship. The contract value is at the same level as the second vessel in this class ordered last autumn and the LoI is valid ...
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Izar reborn as Navantia
Navantia is the new name chosen for the former Spanish shipbuilder Izar and SEPI, the owners, will own the new company which will consist of the military naval yards of Cartegena, Fene, Ferrol and San Fernando. Navantia will also integrate the commercial yards of Cadiz and Puerto Real and it ...
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Korean shipbuilders clinch huge LNG contracts
South Korea's three largest shipbuilders, Hyundai, Daewoo and Samsung, have clinched orders from a Qatari gas producer to build LNG carriers worth more than $10 billion. The three yards will be supplying a total of 44 new gas tankers by 2010 to meet the requirements of Qatar Liquefied Gas II.
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Boxship duo for Cido
Cido Shipping in Japan has ordered two more 2,824TEU container ships from Hyundai Mipo Dockyard at the total contract price of $102 million. Ship particulars are 222m length, 30m breadth and 16.8m depth with the first unit slated for delivery in February, 2009.
