Industry News – Page 350
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Brazilian operator expands fleet
CBO (Companhia Brasileira de Offshore) has purchased two further Rolls-Royceoffshore vessel design and equipment systems in a £13 million order. This latest contract, for two UT 715L construction/ROV vessels, follows a series of similar orders from CBO including two vessels already in service, three that are to be delivered this ...
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RINA continues steady global growth
Italy-based classification society RINA has reported continuing growth in both turnover and returns for 2008. Turnover for the 2008 year was Euro 183m, up 17% on 2007, and EBITDA was Euro 30 m, up 18% on the 2007 financial year.Ugo Salerno, ceo of RINA says, "2008 was a year of ...
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Shipowners back GRI
Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management have been named as the inaugural investors in a $300m Green Recycling Initiative (GRI) which aims to integrate the needs of shipowners to recycle ships in a more environmentally friendly manner and the needs of steel producers to be able to produce ...
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Box and bulk overcapacity could last five years
Howe Robinson's research boss Paul Dowell was pulling no punches at a recent London conference when he warned of large-scale container and bulk carrier overcapacity for the next five years. Delegates at the IMarEst conference on ship lay-up were wide-eyed with shock as Dowell described how $750bn had been spent ...
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Korea suffering most cancellations
Korean shipyards topped a list of newbuilding cancellations, at 194 ships. Research from Norwegian classification society DNV estimated that more than 19.2m dwt on order at South Korea's yards would not be built, representing 39.4% of the total 492 ships cancelled globally.The country's financially-troubled shipyard C& Heavy Industries has had ...
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Wuchang wins AHTS vessel orders
Chinese oil giant CNOOC has signed a contract with Wuchang Shipbuilding Industry Company for the construction of two UT788 CD deepwater AHTS vessels at a cost of $205 million. The vessels will measure 93.4 metres in length, 22 metres at the beam and 6.5 metres at the water line.
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FBMA launches Wightlink cat
FBMA Marine (FBMA), the Aboitiz-owned shipbuilder based in Cebu, Philippines, has recently launched the ?Wight Ryder II? for UK operator Wightlink Ferries. The 40m single-deck passenger catamaran, which was launched on 30 April, has now joined its sister vessel, ?Wight Ryder 1?. Wightlink has already trialled and technically accepted ?Wight ...
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Incat ferry launched in Thailand
Australia-based Incat-Crowther?s latest design for Lomprayah High Speed Ferries, Thailand, was launched at a naming ceremony held at the Sea Crest shipyard in Samut Prakarn Province, Bangkok. Like previous vessels for Lomprayah, the new vessel, named ?Koh Prarb?, was built with one of Incat-Crowther?s pre-cut aluminium kits. These kits were ...
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Hellenic Register banned from classing new vessels
The future of the Hellenic Register of Shipping appears grim, after the EU?s official decision to implement a 17-month ban of the classification society. Under this decision, the Register won?t be able to class new ships, at least until it successfully remedies serious quality issues. According to the EU?s decision, ...
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ABS introduces new structural requirements for FPSOs
Classification society ABS has adopted new structural requirements for the evaluation of converted floating production, storage and offloading (FPSO) units. The criteria are contained in a revised version of the society?s ABS Guide for Building and Classing Floating Production Installations. The society also provided a preview of their soon-to-be released ...
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Shipyards to be liquidated
The privatisation of the shipyards in Malta will eventually lead to the company's liquidation, a prospect that only came to light yesterday in a report published by the European Commission. In its spring economic forecast the Commission said one of the reasons why it expected the public deficit to drop ...
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Jakarta aims to cut ship age limits
The Indonesian government may reduce the maximum age of ships allowed for import because of safety concerns and the domestic shipyard industry's increasing ability to manufacture internationally standardized ships. Budi Darmadi, the Industry Ministry's director general for transportation and telecommunications and informatics industries, said last week the ministry was in ...
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Inspection campaign on lifeboat launching
The 43 maritime authorities of the Paris and the Tokyo Memoranda on port state control will begin a joint concentrated inspection campaign with the purpose to ensure compliance with SOLAS Chapter III ? Life-Saving Appliances and Arrangements with regard to lifeboat launching arrangements. This inspection campaign will be held for ...
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Half of OSV newbuilding orders will fail
Half of the offshore support vessel newbuildings slated for delivery in 2009 will fail to hit the water this year, ODS Petrodata says. A maximum 200 of the planned 393 anchor handlers and PSVs will make it into the market in 2009, director David Bichard says.In an interview at Oslo's ...
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Keppel cancels new order
Keppel Corp has been forced to cancel a newbuilding order worth SGD181m ($122m) after the owners failed to finance the project. The Singapore yard said it had received a notice from Romanian company GSP Titan to terminate the shipbuilding contract.Keppel said the cancellation was due to the owner's difficulties in ...
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Subsea 7 cuts steel on Seven Pacific
Subsea 7 has started construction on its next pipelay and offshore construction vessel as part of a $1bn investment campaign. The Aberdeen-based ship owner said steel was cut on the Seven Pacific vessel in the IHC Krimpen shipyard in the Netherlands.The ship is due to be delivered in the fourth ...
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WSS launches new lay-up package
The ship services network, Wilhelmsen Ships Service (WSS), has packaged its ships agency services together with its Unitor range of marine products, technical services and maritime logistics into an integrated offer for vessel lay-ups. The new package is built to assist customers, from identification of lay-up locations to full service ...
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US Navy orders second Austal LCS
The US Navy has announced a contract for the construction of a second Austal-designed and built Littoral Combat Ship (LCS). Awarded to prime contractor Bath Iron Works, a General Dynamics company, the second Austal-built LCS will be similar to the 127-metre ?Independence? (LCS 2), which is currently at an advanced ...
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BAE VT merger
BAE Systems and VT Group in the UK are poised to sign a ground-breaking joint-venture agreement to merge their shipyards into a national champion. The new entity, to be called BVT Surface Fleet Ltd, will be the largest shipbuilder in the UK. Industry sources said the agreement could be signed ...
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China Shipping to order bulk carriers
China Shipping (Group) Co., the nation?s second-biggest sea-cargo company, plans to order dry- bulk ships this year as prices fall on overcapacity concerns and the global recession. "We?ll never give up on new investments," Vice Chairman Zhang Guofa said in an April 30 interview in Shanghai. He declined to say ...
