General News – Page 553
-
News
High steel prices hit shipyards
Hyundai Heavy Industries and STX Shipbuilding reported third-quarter losses as surging steel prices increased production costs. Hyundai?s net loss was $30 million compared to a profit of $3.5 million a year earlier, the company said. STX said its third-quarter loss was $1.6 million, compared to a profit of $17.2 million.South ...
-
News
EU plots course for safer ship manoeuvres
An international research project, part funded by the EU's Fifth Framework Programme (FP5), has developed a computerised prediction system that can forewarn cruise ship pilots of the consequences of a particular manoeuvre more accurately than anything currently on the market. The SEA-AHED project (simulation environment and advisory system for on-board ...
-
News
LNG lifeline for Izar
The Spanish government has recently announced that Izar and Gas Natural had struck a deal to build an LNG carrier at La Naval shipyard in Sestao. If the project goes ahead, the shipyard workers will have work for two or three years irrespective of whether or not the European Commission ...
-
News
Star Reefers goes for newbuilds
Star Reefers (SRI) has agreed with a Japanese owner to time-charter two new built reefer vessels each with a capacity of 585,000 cubic feet for a period of 10 years. The vessels will be built at Shikoku yard in Japan and are the first reefer newbuildings to be placed in ...
-
News
End of the road for Cammell Laird?
After months of in-depth research, a team of independent consultants are allegedly to have concluded in a 46 page report that there is no future for commercial ship building at the Cammell Laird shipyard in Birkenhead, UK, and no possibility for commercial ship repairs there.The report was commissioned by Wirral ...
-
News
Clyde yards axe jobs
Over 60 skilled staff at the Scotstoun and Govan yards could be axed before Christmas following a purge affecting engineering draughtsmen, combat systems engineers and programme planners. The move was condemned by union leaders and politicians and has sparked real fears of a skills shortage when building work eventually begins ...
-
News
Vinashin gets funding
State-owned Vietnam Shipbuilding Industry Corporation (Vinashin) will receive $76 million in loans from the Fund for Development to build five 53,000 DWT dry bulk carriers. This represents up to 65% of the cost to build the bulkers which are part of a contract for 17 units that Vinashin had signed ...
-
News
Ten more for MOL
Mitsui O.S.K. Lines (MOL) has decided to build 10 large car carriers that will be delivered from 2007 to 2009. The new construction plan follows a series of six carriers delivered in 2003 and 12 carriers for delivery between 2004 and 2006. In all, MOL will have a series of ...
-
News
UASC gets Schiffko onboard for jumbo boxships
SCHIFFKO GmbH, the Hamburg-based ship design and consultancy company, has been awarded the contract for comprehensive consultancy services to UASC, United Arab Shipping Company, for their procurement of 8 new jumbo-size container vessels for their liner service between China and Germany. This consultancy covers the elaboration of tender documents, technical ...
-
News
Mega-float future potential
Organised by the Japan Ship Centre (JETRO), a seminar presentation is being made on the ?Mega-Float technology and its future potential?. The ?Mega-Float? was born from a Japanese R&D project initiated in the late 1990s to develop an extra-large floating structure that can be used as an artificial land base ...
-
News
Vinashin gets engine technology
Man B&W will transfer technology for the assembly and manufacturing of hydraulic machinery to the Viet Nam Shipbuilding Industry Corporation (Vinashin) to assist in the modernisation of its production lines. The aim is to provide engines for domestic shipyards and for exports in the future. This will also give the ...
-
News
B.C. shipyard wins navy contract
The Canadian government has awarded a $69.7 million contract to Victoria Shipyards Company, a West Coast shipbuilder, to build six vessels to be used for basic naval training and development of junior officers. The new so-called Orca-class vessels will replace the more than 50-year-old wooden-hulled ?Yard Auxiliary General? training vessels, ...
-
News
Turbomeca develops TM 1800
Turbomeca, part of snecma group, has developed the TM 1800, a gas turbine genset, which is designed for sea propulsion and electricity generation, railways applications, combined heat and power (CHP), emergency power units and the oil-producing industry. The French gas turbine manufacturer believes the TM 1800 will be able to ...
-
News
Shipyard gets into shipowning
STX Corporation, the Korean holding company for STX Shipbuilding and diesel engine manufacturer, said it bought 67% of Pan Ocean Shipping, one of the world's 10 largest bulk carrier shipping companies, for $375 million. STX aims to become one of the world's top shipping companies by 2010 by increasing its ...
-
News
Korea hits Qatar jackpot
The big three Korean shipbuilders have secured a $3.5 billion order to build 8 LNG carriers which form part of the second phase (Qatar Liquefied Gas II) of a huge gas development project jointly operated by Exxon Mobil and Qatar Petroleum. The order is the largest in the history of ...
-
News
Aker Finnyards downsize
Following earlier announcements, Aker Yards will combine its entities in Finland into one organization and, in order to cover the costs of this restructuring, a non-recurring provision in the level EUR 18-20 million will be booked against the fourth quarter results. Future synergy effect from the combination is expected to ...
-
News
HZ joins post-Panamax club
The Shanghai-based Hudong-Zhonghua Shipbuilding (HZ) facility is the first Chinese yard to win a contract for post-Panamax container ships with a five-ship deal from China Shipping. China's largest domestic built container ships will be capable of carrying 8,530 TEUs and the lead ship is scheduled for delivery in 2007. The ...
-
News
Vietnam shipbuilding needs big investment
Vietnam needs over $1.4 billion to develop its shipbuilding industry by 2010, according to local sources. Under a national shipbuilding development plan, the industry needs this amount of funding to upgrade its facilities with the latest technology.The country plans to start building ships of 100,000 DWT next year and the ...
-
News
MacGREGOR ups its Chinese output
MacGREGOR continues to develop successful production partnerships in China, and its latest venture is a new hatch cover production plant in Nantong, in partnership with Rainbow Heavy Industry (RHI). The factory is scheduled for completion at the end of October to meet increasing demand from Asia?s rapidly expanding shipbuilding industry ...
-
News
Olsen?s big trimaran christened
The newest and most significant vessel yet to arrive on the world fast ferry scene was christened ?Benchijigua Express? in a ceremony at Austal?s yard in Henderson, Western Australia.Powered by four diesel engines driving three water jets, the Auto Express 127 trimaran will be able to carry 1,350 passengers, 341 ...
