Industry News – Page 370
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KDB, Hanwha sign Daewoo deal
Last Friday Korea Development Bank (KDB) signed a preliminary deal with Hanwha Group on the sale of a controlling stake in Daewoo Shipbuilding & Marine Engineering Co. (DSME). Starting next week, Hanwha will begin a due diligence on DSME for three or four weeks, the bank said. The deal came ...
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ST Engineering secures naval contract
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd, has secured a contract in a basket of currencies amounting to about S$200m, to design and build a 141metre landing platform dock (LPD) ship, two 23 metre landing craft mechanised (LCM) and two 13 metre landing ...
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Hyundai Mipo order revised
Hyundai Mipo Dockyard has signed a $408 million order that revised up a 2007 contract to reflect changes to ship types. The South Korean shipbuilder had initially won a $373 million order for eight container ships from an unidentified company in Europe in September 2007. The new contract now calls ...
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Bangladesh on threshold of export binge
Bangladesh claims it is set to be swamped with orders for small ocean-going ships in the coming years as major Asian shipbuilders are now fully booked and are either turning down orders or delaying deliveries, industry people and service providers said.Policy and fiscal supports from the government can help the ...
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Austal wins JHSV contract
Austal USA has won a contract to design and build the US Department of Defence's next generation multi-use platform, the Joint High Speed Vessel (JHSV), as part of a programme potentially worth over $1.6 billion. As the project's prime contractor, Austal will design and construct the first 103-metre JHSV, with ...
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Macgregor appoints Greek agent
Cargotec?s MacGregor business area has strengthened its position and sales activity-potential in Greece by signing a co-operation agreement with Piraeus-based company Oceanking Technical & Trading Ltd. Oceanking will be the sole representative supporting Macgregor's sales activities for newbuilding projects in Greece. Hans Berg, vice president of common sales for the ...
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Volstad orders seismic research vessel
Volstad Maritime AS in Aalesund, Norway, has ordered another seismic research vessel based on ST-design. The new vessel is a ST-327L CD with a length of 108 m and a beam of 24 m. This is the third seismic research vessel Skipsteknisk has designed for Volstad Maritime but vessel number ...
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Slow steaming to stay says AXSMarine
Lower bunker prices are unlikely to reverse the current trend of slow steaming for container lines according to AXSMarine?s weekly analysis of the liner market. Bunker prices have seen a sharp decrease in the past three months, from $650 in end August 2008 to $250 today, thereby eliminating the primary ...
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No decision on Hanjin Filipino shipyard
Hanjin Heavy Industries has not yet made a final decision on whether to drop its $2billion shipyard project in the southern Philippines. According to a Hanjin spokesman, the project is suspended but nothing has been decided on whether to withdraw or not. A Manila newspaper reported recently that Hanjin was ...
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STX secures tanker order
STX Shipbuilding has signed a deal worth 209 billion won ($151 million) to build an oil tanker for a European shipping company. The deal calls on STX Shipbuilding to deliver the VLCC by November 2011. The deal came amid concerns that future orders for new ships would fall sharply due ...
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Shipbuilders facing uncertain times
John Swire & Sons affiliate China Navigation has confirmed it has ?postponed? its first newbuilds for ten years. The six 40,000 dwt multipurpose vessels costing a combined $360m were put on hold as the yard, Nantong Mingde, was five days late in signing the refund guarantee. "The orders are postponed," ...
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ADBS lands Bahrain landing craft contract
Abu Dhabi Ship Building (ADSB), the only dedicated naval shipbuilding and repair facility in the Arabian Gulf, has been awarded a contract by the Bahrain Naval Forces to construct two 42-metre steel landing craft and two 16-metre landing craft made of composite materials. The multi-million dollar contract was won in ...
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STX willing to offload part of Aker
Korean shipbuilder STX has said it would be interested in selling some of its shipbuilding holdings to the Finnish government. According to the chairman of the board of STX Europe, formerly Aker Yards, Su-Jou Kim is proposing a similar arrangement to that carried out in France where the state becomes ...
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Wadan delivers second Norilsk Nickel vessel
Wadan Yards Germany with shipyards in Wismar and Rostock-Warnemünde delivered the second out of four ice-breaking container / cargo ships of the type Aker Arctic CS 650 for arctic operation to the large Russian mining company OJSC "MMC "Norilsk Nickel". Yard number 158 was named 'Zapolyarnyy' and will leave the ...
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Safedor final conference
SAFEDOR is about to complete its four year R&D programme. To mark this event, partners of SAFEDOR will present the latest and overall results of their work at a public conference at the headquarters of the IMO on 27 and 28 April 2009. The event will provide an excellent opportunity ...
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China halts new shipbuilding projects
China's shipbuilding industry has been facing tough market conditions in the second half of this year and, to handle the problem, the Ministry of Industry and Information Technology has declared it will no longer approve new shipbuilding projects in principle in the near future.By the end of September, domestic shipyards' ...
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Ship orders crash
Global ship orders tumbled 90% last month as the credit crunch damped world trade and made it harder for shipping lines to borrow money, according to Lloyd's Register. Shipowners ordered a total of 37 container ships, tankers and other vessels in October, compared with 378 a year earlier, LR's Chief ...
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Primorsk names first ship built to LR's winterisation rules
The first vessel built to comprehensive new global standards for ice-class vessels was unveiled when the Primorsk Shipping Corporation (PRISCO) named the Prisco Alexandra, a 51,000 dwt product tanker built in Korea to rules developed by LloydӮs Register. Prisco Alexandra, the first of seven sisterships being built for PRISCO at ...
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Crane breakdown at Odense shipyard
Shortly after 1 pm Sunday afternoon, the large gantry crane at the Odense Steel Shipyard was suddenly and unexpectedly hit by an extreme gust of wind resulting in the crane travelling uncontrolled on its tracks. The operational brakes of the gantry crane were unable to withstand this severe impact and, ...
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Daewoo to use SPS technology
Daewoo Shipbuilding and Marine Engineering (DSME) and Intelligent Engineering (IE) entered into a joint venture agreement for the use of SPS (sandwich plate system) technology in shipbuilding. Although SPS has become widely used in ship repair, this is the first major agreement to be signed for its use in mainstream ...
