Industry News – Page 321
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Keppel to build shipyard in Azerbaijan
The Singaporean Keppel Offshore & Marine Company has recently signed a memorandum of understanding in Baku, Azerbaijan, for the construction and operation of a new shipbuilding yard.The facility will be built near the Baku Deep Water Jacket Plant owned by SOCAR (State Oil Company of Azerbaijan). Under the new project, ...
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Bangladesh shipbuilding looking at overseas JVs
Bangladesh shipbuilders said a number of joint venture investments are likely to come from Denmark, Germany, France and few other countries that would help reduce the dependence on overseas firms ranging from ship designing to painting to build world class ocean-going vessels. Officials at the local Danish embassy said at ...
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Pipavav late in delivering Bourbon bulkers
Bourbon?s dry bulk subsidiary, Setaf Saget, is facing delivery delays for four Panamax bulk carriers from India?s Pipavav Shipyard. The vessels were ordered from Pipavav alongside a series of ten Supramaxes from Sinopacific Shipbuilding, China. A spokesman for Bourbon said that the Supramax deliveries were going to schedule however none ...
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Austal nears completion of luxury yacht
Australian shipbuilder Austal, based in Western Australia, is close to completing a new $29.25 million luxury yacht. This is first yacht that Austal has built in four years, following a disastrous fall out with Australian golfer, Greg Norman. According to local press sources, Austal lost $16.45 million after building a ...
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STX looking to diversify
The chairman of South Korea's STX Group added to the growing pessimism in the global shipbuilding industry by arguing that the company should move to hedge its bets in the emerging renewable energy sector. "The shipbuilding and shipping markets won't see a boom in the near future. This is a ...
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RINA secures new CBM agreements
Genoa-based classification society RINA has teamed up with specialist certification services provider SPM Instrument SRL of Italy and the Italian Ship Research Centre CETENA to help cope with an increase in demand for Condition-Based Maintenance (CBM) programmes by RINA clients. Having issued new CBM rules and guidelines in 2008, RINA ...
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Wärtsilä involved in Finnish FCEP programme
Wärtsilä is one of the leading companies driving a major Finnish national three-year combustion engine technology research programme. The initiative has been set up by a wide and cross-functional consortium of Finnish technology companies and leading research institutes. The principal aim of the Future Combustion Engine Power Plant (FCEP) programme ...
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Divestment of hull shipyard in Sweden
Bergen Group in Norway has signed a letter of intent with ?resundvarvet AB regarding divestment of the Swedish hull shipyard Landskronavarvet AB north of Malmo. The divestment will give Bergen Group a limited accounting profit. A final sale is expected to be completed during 1st quarter of 2010. Landskronavarvet AB ...
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Keppel Cebu facility to remain closed
Keppel Philippines Marine Inc. said its facility in Cebu will remain closed indefinitely after business inquiries from both the local and international markets remain weak.Keppel said there is stiff competition in the international market from the Chinese shipyards to manufacture new vessels, while orders from the domestic market, mostly for ...
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Intertanko develops GHG emissions policy
The international association of tanker owners' (Intertanko) policy on Greenhouse Gas (GHG) emission reductions from ships, as approved by the Association?s Council, has been written into a comprehensive policy statement that will be used by the association at the upcoming international fora discussing GHG emission reductions. This policy will be ...
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Wärtsilä to design Indian research vessel
Wärtsilä has signed a contract to design and supervise the construction of a modern oceanographic research vessel for the marine wing of the Geological Survey of India (GSI). The order was received in October. In addition to design and supervising the construction process, Wärtsilä will be involved in selecting the ...
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Fate of shipping in hands of Korea and China
According to Arlie G. Sterling, president of shipping consulting firm Marsoft, "South Korea and China will determine the destiny of global shipping industry. Newbuildings to be delivered from the two countries and China?s volume of trade will decide whether shipping market recovers or continues to struggle."He went on to say ...
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NewsNext Oasis cruise ship launched
Oasis class cruise shipThe Allure of the Seas, the second Oasis class vessel under construction at STX Finland's Turku Shipyard, reached its natural element on 20 November, 2009 as the valves of the dry dock were turned on and the vessel was launched.The Allure of the Seas is the second ...
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LR?s HAC further develops safety and sustainability
Lloyd?s Register?s Hellenic Advisory Committee (HAC) met recently to support and further develop safety and sustainability in the shipping industry. Chairman, Capt. Panagiotis Tsakos summed up the proceedings: "This has been another good committee meeting. We are facing a new era - the issues we see, particularly the carbon challenge, ...
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EPA submits ship emission rules to White House
The US Environmental Protection Agency (EPA) moved closer yesterday to finalizing new engine and fuel standards for the largest ocean-bound ships by sending the draft rules to the White House for review. If finalized, EPA says the draft rule would drastically cut air pollution nationwide by requiring vessels with large ...
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COSCO Dalian delivers first heavy lifter
COSCO Shipyard Group of China recently completed the 'Adam Asnyk', its first 30,000 DWT heavy lift vessel, at COSCO Shipyard Dalian.The newbuilding, ordered by Chipolbrok, was originally due for completion in March 2009 and appears to be delivered with 8-month delay. The Adam Asnyk is the first of four 30,000 ...
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SPP wins orders for six vessels
The South Korean shipbuilder SPP Shipbuilding has been awarded newbuild orders for two 81,000 DWT and four 59,000 DWT bulk carriers from three European shipowners at a total cost of $210 million.The shipbuilding group has delivered 58 50,000 DWT products tankers and three 35,000 DWT bulkers so far this year. ...
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Sovcomflot to build two tankers for TNK-BP
The Russian shipping group Sovcomflot OJSC plans to order two Suezmax-type tankers at United Shipbuilding Corporation OJSC for TNK-BP petroleum products shipping. It is planned to build marine and river vessels for an integrated transportation system of Saratov oil refinery petroleum products shipping with their transhipment and storage in the ...
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China lending to foreign shipowners
Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time. The bank has extended a $149m credit line to Germany?s Schulte Group to help pay for nine chemical tankers ordered in 2007 at Jiangzhou Union ...
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GL head urges "ultra slow steaming"
The optimum speed for container ships is much lower than the current 25 or 26 knots achieved by the big vessels according to Germanischer Lloyd's head Hermann Klein. Dr Klein suggests that, depending on the number of vessels on a trade, the optimal speed could be as low as 10 ...
