Industry News – Page 364
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Chouest confirms acquisition of Tampa Shipyard
Edison Chouest Offshore has assumed management and operation of its recently acquired Tampa Bay Shipbuilding and Repair, now known as Tampa Ship LLC.yard. The Tampa shipyard is a full service conversion, overhaul and repair facility that was previously owned by a group associated with Mobile, Alabama-based Bender Shipbuilding and Repair. ...
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Alang scrapyards booming
The global slump in the shipping industry is turning out to be a boon for the ship breaking industry in Alang, according to local industry sources, around 100 ships have been beached for dismantling in the last two months and the trend is likely to continue because of global recession. ...
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Compact device claimed to cut NOx, SOx, PM and CO2
Ecospec Global Technology Pte Ltd (Ecospec), a research and technology company specialising in advanced water and oil treatment technologies, has developed a new green technology for the shipping industry which it believes will appeal to both shipowners and regulators and in the process, remove pollutants that contribute to global warming ...
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Gloomy forecast for dry-bulk shipping companies
Pacific Basin Shipping Ltd., Hong Kong?s biggest operator of commodity vessels, expects more shipping companies to fail after the global recession caused freight rates to plunge 92 % last year. "More dry-bulk companies may fall," Deputy Chief Executive Officer Klaus Nyborg said. "The market change was so sudden and so ...
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Korea supports shipyards
The Export-Import Bank of Korea (Korea Eximbank) Chairman Chin Dong-soo said the state-run lender would come to the rescue of struggling shipbuilding companies. "I've recently been asked why Korea Eximbank doesn't offer loans to the nation's small- and medium-sized enterprises,'' Chin said at a press conference held at the Bankers' ...
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'Big 3' lower annual order target
The three major South Korean shipbuilders, commonly referred to as the ?Big 3,? are thought to be lowering annual targets despite their top technical skills because of tightened conditions in the global shipbuilding business. Samsung Heavy Industries disclosed that it planned to win $10 billion worth of orders for vessels, ...
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NASSCO delivers tanker
U.S. Shipping Partners L.P. announced that its joint venture for the construction of five U.S. flag product/chemical tankers took delivery of the product tanker 'Golden State'. The joint venture is owned by U.S. Shipping Partners and third parties led by affiliates of The Blackstone Group. The 184.60 metre long newbuilding ...
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Chinese yard enters boxship market
CSC Chongqing Dongfeng Shipbuilding Corporation and an undisclosed US shipowner signed a contract for the construction of a 4,368TEU containership. The contract is for a 106.68 metre-long ship with a 20.6-metre beam, 5.8-metre depth and 4.2-metre draught. This newbuilding will be the first Dongfeng-made ship to officially enter the international ...
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Damen launches twin ferries
Damen Shipyards Gorinchem has completed two Damen Fast Ferries 4212 at the Afai Southern Shipyard in China. Singapore-owned Bintan Resort Ferries ordered both catamaran ferries which have been named ?Wan Sendari? and ?Wan Seri Beni?. Sea trials for both vessels are planned in the second half of January 2009. After ...
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Credit crunch hits Alfa Laval
Alfa Laval AB, the world?s biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half after a number of ship builders cancelled orders. The marine and diesel business lost 7 % of its order backlog to cancellations in the last three months of 2008, the ...
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ABB wins big marine order from China
Swiss engineering company ABB Ltd (ABB) has won orders worth $30 million for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be built in China. ABB will provide an integrated electric propulsion solution for each of the vessels. The equipment, ...
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California raises standards for BWMS
The California State Lands Commission recently issued a report that assessed the efficacy, availability and environmental impacts of currently available ballast water treatment technologies. Said the report: "Thus at least two systems, OceanSaver and OptiMarin, are capable of meeting all standards that can be assessed using the best available techniques ...
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HTS ship propulsion motor test successful
American Superconductor Corporation (AMSC), a leading energy technologies company, and Northrop Grumman Corporation (NOC) have successfully completed full-power testing of the world?s first 36.5 megawatt high temperature superconductor (HTS) ship propulsion motor at the U.S. Navy?s Integrated Power System Land-Based Test Site in Philadelphia. This is the first successful full-power ...
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Daewoo inks Qatar shipyard deal
Daewoo Engineering & Construction has signed a contract worth QR2.2 billion ($610.6 million) with Qatar Petroleum (QP) to develop a shipyard in Qatar. Daewoo put the value of the order at 895.1 billion won ($671 million). The project is scheduled for completion by the end of December 2009.
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L&T plans to build shipyard near Chennai
Confident that the present economic downturn will not hit its ambitious Rs 2,000 crore shipyard plan near Chennai, Larsen and Toubro (L&T) said that to begin with it would start building naval ships, particularly frigates and warships. "Our shipbuilding plans are not focussed on the kind of ships where the ...
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Herma delivers tanker to Chevron
Herma Shipping and Transport Corp. is set to deliver a double-hulled tanker to Chevron Philippines, the country?s third-largest petroleum company, by the first quarter of the year. The company, which is reviving a derelict shipyard in Mariveles, Bataan, said the 12,000-barrel capacity vessel, named Masinop, is the second locally made ...
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ABG faces seismic cancellation
Indian shipbuilder ABG Shipyard could see the cancellation for an order of three seismic vessels from Norwegian owner Scan Geophysical which recently stated that it was unable to sign a sale and leaseback deal for the three vessels. Pacific First Shipping (PFS), Singapore, had previously signed a letter of intent ...
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Hyundai sets delivery record
Hyundai Heavy Industries (HHI) has beaten the world?s largest delivery record for large sized vessels, delivering 102 vessels in 2008. On 29 December last year, HHI held a naming ceremony for a 6,500TEU containership ordered by the Japanese shipping company NYK Line. The ship was the 102nd vessel delivered by ...
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Sri Lanka planning new shipyard
Sri Lanka is trying to enhance its ship building capacity with the government inviting foreign investors to set up a ship yard at a new port being built in the south of the country. The Sri Lanka Ports Authority (SLPA) is set to issue a request for proposals by the ...
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GE Shipping cancels newbuild contracts
The Mumbai-based Great Eastern Shipping Corporation (GE Shipping) announced that it has cancelled orders for the construction of two Supramax bulk carriers. The 57,000 dwt vessels had been on order with an unnamed Chinese shipyard. GE Shipping has attributed the cancellations to the current "highly uncertain business environment."Despite these cancellations, ...
