General News – Page 546
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Farstad orders another AHTS
Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Simek AS, Flekkefjord, for the building of an anchor handling tug supply vessel for delivery in April 2006. The vessel is of design UT 712L from Rolls-Royce Marine, which also will be a major supplier ...
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Cutty Sark lives on
The future of the museum ship Cutty Sark in Greenwich, UK, has been safeguarded following a grant of £11.25 million from the Heritage Lottery Fund which will enable the old tea clipper to be protected from further damage for the next 50 years. There had been fears that without a ...
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Mid-life upgrade for BC ferry
Refurbishments will bring Service Improvements for Nanaimo-Horseshoe Bay The Queen of Oak Bay, which plies on BC Ferries' Nanaimo-Horseshoe Bay route in British Columbia, Canada, is undergoing an extensive, six-month upgrade at Vancouver Drydock Company (VDC) in North Vancouver. The contract with the ship repairer, which is part of the ...
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VT Halter build third NOAA vessel
VT Halter Marine Inc. (VTHM), a subsidiary of Vision Technologies Systems Inc., will build another Fisheries Survey Vessel for the National Oceanic and Atmospheric Administration (NOAA) which organised their option for the third of four planned vessels under an existing contract. This vessel is valued at approximately $38 million and ...
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Ballast Water Convention gains first signatories
Spain and Brazil have become the first states to sign the International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004.The Ballast Water Convention contains measures to prevent the potentially devastating effects of the spread of harmful aquatic organisms carried by ships' ballast water. It will ...
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H&W at full capacity
Harland and Wolff is gearing up for a second year of substantial business growth following a successful 2004 which saw ship repair and conversion work increasing by 60%. The Belfast shipyard is at maximum capacity with no fewer than two ferries, two high speed catamaran ferries, a tanker and three ...
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Germany claims France not ready
German Economy Minister Wolfgang Clement said European shipbuilders aren't ready to merge with their German counterparts as many are still government-controlled. "The potential partners are not yet advanced enough,"' Clement told reporters at a maritime conference in Bremen, Germany when asked if he would support a merger between ThyssenKrupp Marine ...
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Samsung develops SORAS
Samsung Heavy Industries has developed SORAS (Samsung Optimum Routing Assessment System), a system that will give safer routing for ships while also saving fuel. It took 3 years to develop SORAS and is currently undergoing evaluation tests onboard a container ship. A simulation carried out on a 103,000DWT tanker sailing ...
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Novel Tri/SWATH design for oil industry
Harsh environmental conditions make the complex tasks associated with oil recovery and well maintenance from certain oilfields in the North Sea extremely challenging, often resulting in oil recovery rates 20% below what should be expected. This is a problem which is being addressed by an advanced maritime vessel design being ...
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Norsk Hydro's LoI cancellation
With reference to earlier press releases on the issue of Norsk Hydro's reason for cancellation of their Letter of Intent to Farstad Shipping, fuller details have now emerged. According to Norsk Hydro they had discovered that technical information was handled in conflict with Hydro's procedures. This was related to an ...
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2004, a record year for CSIC
The China Shipbuilding Industry Corp. (CSIC), the largest shipbuilding company in China, received more than six million tons of new ship orders in 2004, ranking first in domestic shipbuilding companies. Li Changyin, CSIC general manager, said that the company built 2.14 million tons of new ships in 2004, up 30% ...
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Brazilian bonanza
The Brazilian state-controlled oil company, Petroleo Brasileiro (Petrobras), is rumoured to be requesting bids from 12 domestic shipbuilders to build as many as 42 oil tankers at a cost of $1.9 billion.
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Shipyard jobs may be saved
BAE Systems is reported to have put back moves to make 100 drawing office jobs redundant following discussion between management and the Ministry of Defence about packages of work to absorb some of the slack.The UK shipbuilder has been highlighting to the MoD the danger that more of Barrow?s unique ...
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Farstad cancels order
Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the charter party between Norsk Hydro and Farstad Shipping ASA. An agreed cancellation fee will be covered by Farstad ...
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Newbuild prices soaring
Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The price index of new ships reached 155 in January which is a record high since it hit 163 ...
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HHI wins 10K boxship order
Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date. The contract value is $509.6 million and all four are expected to be delivered by August 2008. These ...
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Norsk Hydro cancels Farstad LOI
Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process last year. The LOI was for a $160 million long-term charter deal calling for delivery of supply vessel ...
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Viet Nam shipbuilding looks promising
Construction on the first two ships in a 15 vessel deal between the UK-based Graig Shipping and Viet Nam?s shipbuilder Vinashin will begin soon at their Ha Long shipyard and Nam Trieu yard. The $336 million deal with Graig Shipping calls for the construction of 15 bulk carriers of 53,000dwt ...
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EU saves Izar
The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has received assurances from the Spanish Finance Minister that the deal brokered last month complies with EU rules on ...
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E.R. Schiffahrt trio named
Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt, a subsidiary of the Hamburg-based Nordcapital Group, which will see another 22 container ships, all built by Hyundai, ...
