Industry News – Page 331
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HHI launches Korea?s first hybrid patrol vessel
Hyundai Heavy Industries recently held a launching ceremony for a 3,000 ton class patrol vessel named 'Taepyungyang 9' which is scheduled for completion in February 2010 .The vessel is 112.7m long and 14.2m wide with a maximum speed of 28 knots. It is Korea?s first environmental friendly ship can use ...
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Greeks order six Samho bulkers
South Korea?s Samho Shipbuilding has reportedly received a contract to build six 32,000 dwt bulk carriers from Piraeus-based Capital Ship Management. Deliveries are scheduled between 2010 and 2011. The Greek shipowner has previously ordered 25,000 dwt tankers at Samho?s yards.
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Announcement on Malta shipyards imminent
The Privatisation Unit in Malta is expected to announce preferred bidders for Malta Super Yacht Services and for the shiprepair arm in the very near future, Finance Minister Tonio Fenech said. MSYS attracted 3 serious bids of which 2 were shortlisted. The highest bid came from a consortium that includes ...
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Doosan develops measuring systems
South Korea's Doosan Engine has developed a ship-engine main bearing's abrasion measurement system and an advanced real-time measurement system of the condition of lubricating oil. Doosan initially developed the measuring systems for local companies sold under its registered trademark of B-WACS (Bearing Warning and Control System) and O-WACS (Oil Warning ...
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STX targeting offshore market
South Korea's STX Offshore & Shipbuilding is targeting about $2 billion in new orders for offshore vessels and plants this year, more than double the amount recorded last year, a senior executive said on Wednesday.The shipbuilder aims to maintain or raise the target for offshore orders next year and expects ...
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Lindo shipyard sells Estonian subsidiary
Odense Steel Shipyard Ltd. A/S (Lind? Shipyard) has entered into an agreement on the sale of Loksa Laevatehase AS (Loksa Shipyard) to a consortium consisting of AS Frelok, Crown Solution OÜ and OÜ Stako Diler. The consortium is based in Estonia and consists of experienced players from the Baltic steel ...
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New Brazilian shipyard venture
Brazil's EBX mining, energy and engineering conglomerate will invest up to $1 billion in a shipbuilding venture designed to meet needs of the nation's burgeoning offshore oil drilling industry.EBX has partnered with Hyundai Heavy Industries to sign a deal to construct the new shipyard to be built near Florianopolis, in ...
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Samsung going for bulkers
Samsung Heavy Industries (SHI) may resume building bulkers after a break of 10 years . SHI was among the shipbuilders who submitted tenders in connection with a project by India's Reliance Group to procure 6 to 10 200,000-dwt class bulker newbuildings. The other shipbuilders included Daewoo (DSME), STX Shipbuilding and ...
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Far Eastern yards keep expanding
Despite concerns over chronic overcapacity in the shipbuilding industry, two well-established Far Eastern yards are ramping up their production capacity with fresh investment. South Korea's Daewoo Shipbuilding & Marine Engineering has recently completed the world's largest floating dock, which is set to boost output by eight ships a year. The ...
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China threatening top spot
Korea's top spot in the shipbuilding industry for the last 10 years is now under threat and faces strong challenges from China.Since first reaching the 10 million-ton mark in orders in 2000, shipyards have been in full operation in Korea, the world's biggest shipbuilder. Now companies have to worry about ...
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Cuban deal for Shanghai Shipyard
Shanghai Shipyard has reportedly won a $250m contract from state-owned Cuban company Acemex to build ten handysize vessels. Each 35,000 dwt vessel will cost $24m-$25m.
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New ship orders reach peak in August
According to a study by Clarkson Research Services, global new shipbuilding orders in August have hit a new monthly record for 2009. The study claims that orders in the first three weeks of August stood at just 552,000 dwt worldwide but they jumped in the fourth week, bringing the total ...
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Yellowfin propulsion up for sale
Yellowfin, a unique marine propulsion technology business, has gone into administration and is being marketed for sale by leading asset consultancy Edward Symmons on behalf of Administrators, RSM Bentley Jennison & Co LLP. The Southampton based firm, Yellowfin, was founded in 2001 and has invested £13m in the development of ...
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World's first marine fuel cell installed
The joint industry project FellowSHIP today passed an important milestone with the installation of a full scale fuel cell on board the Eidesvik owned offshore supply vessel Viking Lady. This will be the first merchant vessel ever to test fuel cell technology for production of electricity on board. The research ...
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Caterpillar announces new diesel engine line
Caterpillar has announced the development of a new line of diesel engines at a gathering of financial analysts in Peoria, USA. The first models of the new C145 engine line will complement the existing C27 and C32 engine platforms. It will further strengthen Caterpillar's ability to provide a full line ...
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Low carbon need not equate to high cost
DK Group, a marine carbon emissions specialist company, has asked for clarity in the debate on the true costs of CO2 reduction. The company believes that the continued focus on the initial investment that is required without balancing it against the medium to long-term economic benefits is serving to paralyse ...
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Gazprom abandons yard tour
A tour of shipbuilders keen to build the LNG carriers required for Russia's massive Shtokman project has been abandoned midway through. Factional infighting was blamed for the abrupt end to visits to yards.Staff from UK-based Gazprom Global LNG (GGL) and technical consultant Wavespec returned home from a planned tour of ...
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STX France delivers 'royal' trio
Tidekongen, Tideprinzen and Tidedronningen, the three ferries built by STX Europeshipyard in Lanester, France, for the Norwegian shipowner Tide Sj?, were recently christened in Oslo. The three newbuildings are diesel/liquefied natural gas (LNG) electric powered ferries CODOGAEL (CO-generation Diesel Oil, Gas, Electric). They were built and delivered during June and ...
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Indonesia aims to expand its shipbuilding capacity
Local sources in Indonesia report that the country plans to team up with Chinese investors in building a shipyard industry in 2010 with initial feasibility study starting this year. I Nyoman Sudiana, director of Shipyard industry, Indonesia Offshore Industry and Shipping Association (Iperindo) said that the would-be established joint shipyard ...
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Petrobras to launch oil rig tender
Brazil?s state-run Petrobras will launch a bid round on 28 oil rigs to be built in Brazil and used for massive offshore subsalt fields, the company said. Brazil plans to rely mostly on locally manufactured equipment to pump crude from deep-sea subsalt fields, part of President Luiz Inacio Lula da ...
