Industry News – Page 336
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Millionaire eyeing state-owned shipyards
Croatian millionaire Danko Koncar has reportedly confirmed he is interested in the privatization of all five state-owned shipyards. After much media speculation, Koncar confirmed his interest in an interview on Croatian National Television (HRT). If he is able to buy the shipyards, he said, he would continue their main service ...
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TAS aiming for top spot
The Malaysian shipbuilder Tuong Aik Shipyard Sdn Bhd (TAS) aims to be one of the top shipbuilders in South East Asia within the next few years. Having begun as a small supplier of marine coatings and provider of shipping services in 1977, TAS is now an export-oriented shipbuilder, serving international ...
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Brazil orders local bulker pair
Brazilian shipowner Log-In Logistica has placed an order at compatriot shipbuilder Estaleiro Ilha (Eisa) for a pair of 80,000 dwt bulkers. The shipowner says it is investing $165m in the newbuildings which will receive 90% financing from the government Merchant Marine Fund. Under the 25-year contract of affreightment, Log-In will ...
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Chinese yard delays newbuilds
Jiangsu Yangzijiang Shipbuilding recently revealed in its financial statement for the first half of 2009 that it has agreed to postpone delivery dates for 18 newbuildings for maximum of two years, and also agreed to review prices on eight newbuildings. Change in delivery schedule will be from five months up ...
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GL presents new OSV rules
The current status of new class rules and complementary solutions for safer operation of offshore service vessels (OSVs) were presented by Germanischer Lloyd's Helge Rathje at the 3rd International Conference on Technology & Operation of Offshore Support Vessels in Singapore. "Our aim is to formulate a set of new rules ...
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NewsKeppel wins two-tug order
A Keppel-built 45 tonne ASD tugKeppel Nantong Shipyard in China has received an order to build two 45-ton bollard pull twin-screw Azimuth Stern Drive (ASD) tugs from Keppel Smit Towage Pte Ltd (KST). These vessels will be built to Keppel O&M?s proprietary design, developed by its technology unit, Marine Technology ...
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Newbuild prices drop despite rise in steel
According to Lloyds List, analysts believe the price of Chinese newbuildings will continue to decline in the second half of this year despite a 33% surge in the country's steel price between April and June. The China Iron and Steel Association earlier reported that the country's 71 large and medium ...
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Odense yard discontinues shipbuilding
Historically, Odense Steel Shipyard (Lind?) has had a very special role in the A.P. Moller - Maersk Group.Due to the expansion of shipbuilding capacity in low cost countries in the Far East and most recently with China?s determined endeavours of becoming the world?s largest shipbuilding nation, the competitive situation for ...
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Nakilat Damen JV to build ships
Nakilat, the Qatar Gas Transport Company, plans to start building commercial and leisure vessels in the first half of next year in a venture with Damen Shipyards Group BN of the Netherlands. The LNG shipper is seeking to expand its revenue sources and the venture, in which QatarGas will have ...
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Largest drydock opens
A shipyard that has laid claim to be the largest in the world in terms of physical size began operation at Changxing Island in Dalian, a coastal city in northern China. STX (Dalian) Shipbuilding Co, a subsidiary of the STX Group in Korea, and the investor of the project, said ...
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Edison Chouest plans new PSV design
The Louisiana-based Edison Chouest Offshore plans to design and build a series of twelve 91m, 5,300 dwt deepwater diesel-electric platform supply vessels (PSVs). Currently Chouest is building twelve PSVs based on its previous 85m design, which are scheduled to be delivered through the second quarter of 2010. Upon the delivery ...
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Croat shipyards sale attracts wide interest
A tender for the sale of Croatia's state-owned shipyards has already attracted firm interest at home and abroad following the recent issue of an international tender for the sale of six shipyards. Their privatisation is a key condition for progress in entry talks for the European Union.So far, two to ...
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Fincantieri secures more naval export orders
Fincantieri has won orders worth a total ?250 million to build a corvette for the United Arab Emirates Navy and a fleet tanker for the Indian Navy. The contract for the 88 m "Abu Dhabi class" corvette for the U.A.E., due for delivery early 2011, includes an option for a ...
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Last GPA 670 MkIII completed by Sinopacific
In July another offshore vessel series, designed by the Seattle-based naval architect firm Guido Perla & Associates (GPA), was completed at the Zhejiang Shipyard, part of the Sinopacific Shipbuilding Group, in China with the delivery of the fourth vessel of this series. The GPA 670MKIII PSV vessels measure 73.20m in ...
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Latest SWATH deliverd
TKMS Blohm + Voss Nordseewerke in Emden, a company of ThyssenKrupp Marine Systems, has delivered a new vessel for the German Customs Administration. Named 'Helgoland', the 50 m long twin-hull SWATH vessel (Small Waterplane Area Twin Hull) is characterized by an excellent seagoing behaviour and extremely safe operating conditions at ...
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TOP Ships takes delivery of last newbuilding
Athens-based TOP Ships Inc. has taken delivery of the 50,000 DWT product / chemical tanker "HONGBO" from SPP Plant & Shipbuilding Co., Ltd in South Korea. The "HONGBO" is the last of a six-ship series from the shipbuilder and has entered into a bareboat time-charter employment for a period of ...
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NewsMAN Diesel ceases engine production in Frederikshavn
An S35ME-B engine leaves MAN Diesel's Frederikshavn production facility, where engine building is to cease.The continuing financial and economic crisis and the market forecasts for the maritime sector in the coming years have forced the executive board of MAN Diesel SE to decide on a realignment of the company?s site ...
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Vale considering mega ore carriers
The Brazilian iron ore producer Vale SA, is considering building 400,000 DWT ore carriers for its own fleet to serve the growing Chinese market and cut costs. Vale?s fleet has helped the Brazilian miner to reduce freight costs when shipping ore to Asia, and the company claims its own freight ...
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FBMA Marine fighting to stay afloat
UK-operated shipbuilder FBMA Marine in Cebu, Philippines has "ceased operations", although it is still looking for new orders to stay in business. "We have stopped operations, but we have not closed down," Doug Border, president and chief operating officer of FBMA said.Border said the yard had no orders on hand ...
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Government loans keep German yard going
Germany's Wadan Yards will receive two loans totalling ?20.5m ($28.8m) from the government of Mecklenburg-Western Pomerania. The money will be used to set up two transitional companies for the 2,400 employees of the yards in Rostock-Warnemünde and Wismar. The European Union will support the transitional companies with an additional ?10.1m ...
