Industry News – Page 402
-
News
Gdansk may reach agreement with EC
The Gdansk shipyard in Poland may avoid the requirement to pay back PLN 750m of public subsidy. ISD Polska, a subsidy of Ukrainian Donbas, and the owner of Stocznia Gdansk shipyard, is closer to reaching agreement with the EC. Brussels wants the shipyard to either pay back PLN 750m (EUR ...
-
News
Daewoo to pass on steel price increases
Daewoo Shipbuilding & Marine Engineering (DSME) may increase newbuilding prices this year to pass on higher steel-plate costs to customers. "The increase will be a small one," chief executive officer Nam Sang Tae told reporters last week in Seoul, without giving more details. Steelmakers including Posco and Nippon Steel Corp. ...
-
News
ASRY forms offshore services division
The Arab Ship Building and Repair Yard (ASRY) in Bahrain, has announced the formation of a new operating company to be called ASRY Offshore Services, (AOS). ASRY has, over recent years, seen a rapid growth in offshore markets in the Arabian Gulf region and, based on its own track record ...
-
News
SDRL takes delivery of two deepwater drilling rigs
Seadrill took delivery of the deep water drilling rigs ?West Phoenix? and ?West Sirius? from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. ?West Sirius? was delivered within 30 days from original delivery schedule, while ?West Phoenix?, due to customer initiated modifications, was delivered approximately three ...
-
News
Kongsberg acquires Global Sim
Kongsberg Maritime in Norway has acquired the Draper, Utah based technology enterprise Global Sim for approximately NOK 100 million. Global Sim delivers products and services in the field of crane simulation for the training of crane operators around the world and holds a market leader position in maritime crane simulation. ...
-
News
Clipper Point joins Seatruck fleet
Seatruck Ferries, part of the Danish Clipper Group, has received delivery of the first of four newbuildings ordered from the Spanish shipbuilder Astilleros de Huelva. Named Clipper Point, she will be followed by a further three vessels in this 120 unit class of freight ro-ros during the course of this ...
-
News
Hyundai cuts delivery times
Hyundai Heavy Industries has developed a new groundbreaking technology that makes it possible to launch a completed ship while continuing shipbuilding work at the same dock. With traditional methods, a vessel that was under construction would float on the water whenever the dry dock was flooded to launch a completed ...
-
News
Criticism of shipping 'disappointing and disconcerting'
Shipping should not be a ?scapegoat? for damage to the world environment, says the head of the IMO, Efthimios Mitropoulos. The IMO Secretary-General speaking in London at the opening of the IMO?s Marine Environment Protection Committee (MEPC) said the shipping industry had a "fine record. It is against such a ...
-
News
MHI in Vietnam venture
Mitsubishi Heavy Industries (MHI)of Japan is making an important investment in Southeast Asia. It will build a ship repair yard as a joint venture with Mitsui OSK Lines, Japanese trading company Marubeni Corp and local state-owned shipbuilder Vinashin. A first dock should be up and running by 2010. A second ...
-
News
STX moves into VLOC sector
South Korean shipbuilder STX Shipbuilding announced the receipt of an order for the construction of its first two 320,000 dwt very large ore carriers. U.K.-based Zodiac Maritime is thought to have placed the orders. To be delivered by December 2011, the ships are priced at $125 million apiece. STX has ...
-
News
Four more heavy lifts for L&T
Reinforcing India?s growing stature as a shipbuilding nation, the country?s biggest engineering firm Larsen and Toubro Ltd (L&T) has won a contract valued at about $240 million (Rs962.4 crore) to build four specialized ships for Dutch company RollDock BV.The contract involves a firm order for two vessels each with a ...
-
News
Nexans supplies cables for Bourbon newbuildings
The French company Nexans, one of the leading players in the cable industry, has signed a three-year contract worth $13.4 million to supply 3,146 km of its special marine cables to be installed on Bourbon Offshore?s new vessels. Nexans will supply 3,146 km of halogen free, low-smoke marine power transmission ...
-
News
Three European countries support distillates
Three European nations, Germany, Norway and Finland, have submitted a joint proposal to the IMO supporting a move to distillate bunker fuels for ships. They suggest that the switch away from residual fuels should be completed over the next 10 years. Their proposal is being put to the IMO's Marine ...
-
News
Cummins expands manufacturing capacity in India
The Industrial Engine Business Unit of Cummins India Limited (CIL) has inaugurated its new integrated manufacturing facility at the Cummins India Limited Kothrud Campus, Pune. CIL has invested $20 million on this facility and the products manufactured here would service major customers worldwide. The new unit will specialize in assembling, ...
-
News
EU prepared to act if IMO delays action
The ?working relationship? between the European Commission and the IMO was reinforced at the end of last week with a top-level meeting, but fast action will be required at the IMO to prevent Europe from acting alone on ship emissions.Ship emissions was one of four items on the agenda when ...
-
News
Inter Korean deal on shiprepair yard
A South Korean company has obtained the exclusive right to use a ship repair yard in North Korea. The right to use Ryongnam Ship Repair Factory in the western port city of Nampo will enable Acheon Global Corp. to gain domestic and overseas investment in its ship repair and steel-structure ...
-
News
Oman to spend megabucks on fleet expansion
Oman's state shipping firm will spend up to $4 billion in the next three to four years to expand its fleet size, a senior company official said, as part of the sultanate's efforts to upgrade its oil industry.Oman Shipping Company (OSC) is looking to grow its fleet mainly to meet ...
-
News
SCI ventures offshore
State-owned Shipping Corporation of India (SCI) is finally making an entry into the offshore segment in the next three months, something which has been on the cards for the past three years.The company has created an in-house team to prepare a study on the offshore sector and exploration & production ...
-
News
Ulstein Sea of Solutions wins award
Ulstein Sea of Solutions, designer of complex offshore vessels, has won the Industrial Marketing Award 2008. Maria van der Hoeven, Dutch Minister of Economic Affairs, revealed the winner, which according to the jury has used marketing most convincingly in its industrial environment.The Dutch-based Sea of Solutions has, since 1 March, ...
-
News
Cicek building largest vessel in Turkey
Cicek Shipyard has begun construction of the first of three 58,000 dwt Supramax bulk carriers, the largest vessels ever to be built in Turkey. Ordered by the Bayraktar Shipping Group, they will be constructed in the shipbuilder?s Panamax-sized building dock, which is currently being extended to 215m and when completed ...
