Industry News – Page 342
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Northrop Grumman secures tenth LPD contract
The U.S. Navy awarded a $213.8 million cost-plus-fixed-fee advance procurement contract to Northrop Grumman Corporation that will provide long lead materials for LPD 26, the tenth amphibious transport dock ship of the USS San Antonio class (LPD 17). The funds will be used to purchase long lead time materials and ...
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Wärtsilä opens global Manufacturing Technology Centre
Wärtsilä officially opened its Manufacturing Technology Centre (MTC) in Vaasa, Finland. The MTC is a new concept for Wärtsilä, and is aimed at securing and further developing its manufacturing competencies, and sharing manufacturing know-how throughout the global Wärtsilä network. The MTC concept will enhance Wärtsilä's ability to effectively develop and ...
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RR rebuilding Polish factory
Rolls Royce Marine Poland is planning a major overhaul of its production complex in the town of Gniew not far from Gdansk. The task of preparing the reconstruction project has been assigned to the company Ove Arup. The project will involve completely upgrading the approx. 4,800 m² production hall and ...
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Slovakian shipyard reduces workforce
Slovakia's Slovenske Lodenice Komarno (SLK) shipyard is to lay off 198 workers of its 685-strong workforce amid the shipbuilding slump. The jobs will go by the end of this year, the Danube shipyard said. The first phase will take place from the end of June, with 120 people to be ...
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Chinese dream of becoming shipbuilding power
A Chinese shipbuilding industry expert emphasized that government should strengthen the control of shipbuilding capacity growth to prevent excessive yard facilities and achieve growth of Chinese shipbuilding industry. He also argued the measures already mentioned in Shipbuilding Industry Adjustment and Development Scheme are not enough and the industry should make ...
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Cancellations will continue
A recent report from Drewry Shipping Consultants has analyzed the current newbuilding orderbook to assess the level of vulnerability and overcapacity. Drewry has established three stages of newbuilding demand between now and 2023. The results show that while productivity did not rise from 36m dwt between 2007 and 2008, the ...
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Glovis may order PCTCs
Glovis Co., a logistics company under the Hyundai-Kia Automotive Group of South Korea, appears to be planning to order pure car / truck carrier (PCTC) newbuildings. According to local media, the company plans to place an order for two to three ships with a domestic shipyard during the latter half ...
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Greek behind MR orders at STX
The Greek controlled company Standard Development, described by brokers as a "new name" in shipping, is said to be behind an order at STX Offshore & Shipbuilding for up to eight medium-range (MR) tankers. The contract is interesting because it would mark the first investment in newbuildings from Greece so ...
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Newbuilding cancellations exceed 1,000 mark
"As of April, there are already some 1,000 cancelled newbuildings from all around the world and the number of cancellations is expected to increase further this year," according to the Class NK, Japanese ship classification society.The Class NK study also said that as of March this year shipyards in South ...
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New shipyard for Caspian Sea
Italian company ENI intends to build a shipyard in the Caspian Sea. The new facility will focus on building tankers with a displacement of up to 63,000 tonnes to transport crude oil from Kazakhstan to Azerbaijan. In the future, the routes will be extended to include Baku, Tbilisi and Turkey.According ...
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GDF Suez and Hoegh to issue FSRU tender
European energy giant GDF Suez and Hoegh LNG are expected to issue a tender shortly for a purpose-built LNG floating storage and regasification unit (FSRU) for their Triton project of Italy. Four shipyards, Daewoo, Hyundai Heavy Industries, STX Offshore & Shipbuilding and Samsung, have been prequalified for the job of ...
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L-3 Offshore teams with STX Engine
L-3 Offshore of Coventry, U.K, has signed an agreement with the STX Engine subsidiary of South Korea's STX Group to collaborate in the marketing and supply of integrated power, electric propulsion, dynamic positioning and automation systems for the Korean offshore market and for other STX Group concerns. The agreement, recently ...
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STX-Petrobras ponder new shipyard in Brazil
South Korea's STX Corporation is reportedly mulling constructing a new shipyard in Brazil in co-operation with Brazil's state-owned oil major Petrobras. South Korean shipbuilding rivals appear to be nervous about the news as they concentrate their energies on winning the drillship orders expected to be placed by Petrobras.A local source ...
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Attica orders ropax pair
The Attica Group, Greece, has ordered two fast ropax ferries from Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The vessels will have an overall length of 145.5m, a speed of 26 knots and the capacity to carry 2,400 passengers and 450 private vehicles or 50 freight units and 150 ...
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Wadan orderbook at risk
Customers of Wadan Yards in Rostock-Warnemünde and Wismar have used the shipyard's insolvency to cancel containership orders. Wadan Yards filed for bankruptcy on June 5. At the time the company had 12 ships worth ?801m in its orderbooks: two ro-pax ferries for Swedish ferry operator Stena Line, two icebreaking 587 ...
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Poland yards' buyer provides guarantees
The mysterious buyer of Poland's Gdansk and Szczecin shipyards has provided bank guarantees for the deal. Polish treasury minister Aleksander Grad said United International Trust (UIT) has given proof it can pay the $115m auction fee from two Qatari banks, Qatar Islamic Bank and Qinvest.He also said the company will ...
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Keppel buys stake in Brazil new shipyard
Brazilian construction group WTorre has confirmed talks with Singapore's Keppel Corp over selling a stake in a new shipyard project. "We're in advanced, but not conclusive, talks with Keppel," a spokeswoman said.WTorre's oil and gas division has been building a large shipyard facility called ERG at Rio Grande in Rio ...
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Grand China Logistics places large order
Zhoushan Jinhaiwan Shipyard in China has secured a bumper order for 30 bulkers from fast emerging Grand China Logistics, one of the largest single orders ever placed in China. Broken down, the vessels in the order were made up of 18 176,000 DWT Capesizes and 12 80,000 DWT Panamaxes at ...
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Malaysia's first fully-automated shipyard
Malaysia's first fully-automated shipyard will be in operation at the Tanjung Agas Oil and Gas and Maritime Industrial Park in 2013. It will be part of a RM4.8 billion project that comprises a fabrication and engineering yard, and marine repair and ship-building facilities on a 320-hectare site.Vantech Dockyard (M) Sdn ...
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Rongsheng wins Oman deal
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co, which is aiming to sell shares to the public later this year, won a $484 million deal to build four ships for Oman Shipping Co. The bulk carriers would carry exports from an iron ore pellet plant in northern Oman which is expected ...
