Industry News – Page 371
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News
Lindenau gets lifeline
The world?s largest ship finance specialist, Germany?s HSH Nordbank, has thrown compatriot shipyard Lindenau a lifeline. Following Lindenau Schiffswerft & Maschinernfabrik?s insolvency in late September, the bank has provided the yard with a relief loan. The shipyard, which employs 370 regular workers excluding temporary workers, was unable to secure a ...
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France has stake in STX Europe's French yards
STX Europe and the French government have agreed that the French state becomes a 33.34% shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. The combined ownership of STX and the French state will expand the strategic opportunities for one of the few sophisticated large capacity shipyards in ...
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Bourbon Offshore Asia inaugurates training centre
The French offshore operator BOURBON has inaugurated the Bourbon training centre Asia and its AHTS simulator in Singapore in the premises of Bourbon Offshore Asia. The opening of this second Bourbon training centre in Asia follows the opening of the Manila?s (Philippines) centre in October 2007 dedicated to Dynamic Positioning ...
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Sanko expands offshore fleet
Japan?s Sanko Steamship is starting to expand its offshore vessel business. With a fleet of twelve vessels consisting mainly of AHTS vessels and PSVs, the company will now bring the total number of vessels to 52 with a series of new orders. Sanko based its decision to order newbuildings because ...
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Iceberg testing completed
Russia has completed ice testing of a new naval vessel at the St Petersburg-based Central Research Institute. According to the head of the Institute?s Russian Academy of Sciences, Valentin Pashin, the experts of the ?Iceberg? project are now working with colleagues from Finland to finish the design by 2009. The ...
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Sealion goes for Wärtsilä package
Wärtsilä has received propulsion packages order from Sealion Shipping, the UK-based operator and manager of the Toisa fleet. The units are to be installed in a series of three Multi-Purpose Subsea and ROV Offshore Support Vessels (OSV), to be built at the ABG Shipyard in India. The OSVs will be ...
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Ulstein sets up new company
The Ulstein Group in Norway is starting up a new company providing services to the international shipping industry. Named Ulstein Marine Services (UMS), it will offer services to the aftermarket, technical operation of vessels in service, and services for personnel/manning. Group CEO Gunvor Ulstein says the establishment of UMS is ...
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Bollinger delivers first spec boat
In late October, Bollinger Shipyard announced that they had sold two 59 metre offshore-supply vessels to Odyssea Marine. The first boat, Mary Martin, has already entered service while the second is to be delivered in December. In accordance with the original plan the boats were sold to the successful bidder ...
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India's shipbuilding ambitions run into rough weather
Ambitious plans by domestic firms to boost India?s shipbuilding capacity in the next two to three years by investing some Rs20,000 crore may have to be whittled on the back of the current credit crunch and a downturn in global shipping, say experts. "The changed situation would require some degree ...
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EC agrees Polish rescue plan
The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in breach of EC Treaty state aid rules, and must be repaid. The Commission has simultaneously agreed to accept ...
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Pipavav order book healthy
Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The present order book position of the company included 22 Panamax carriers with 74,000 DWT each for Norwegian, Greek ...
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Iraq to build new shipyard
Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the design and construction of the shipyard in the port of Khor al-Zubeir and would be used to build ...
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Spanish shipbuilders finalize Pdvsa deal
Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is set to be signed in the coming months. It includes the construction of three oceanographic ships and two ...
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Hamworthy acquires BDC
Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC will be renamed Hamworthy Baltic Design Centre (Hamworthy BDC). Commenting on the acquisition, Joe Oatley, Chief Executive of ...
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DD World to take majority stake in Chinese shipyard
The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China for $55 million. The acquisition will be a joint venture with Singapore-based Topniche Associates owning the remaining 40% ...
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Pipavav shipyard faces uncertainty
Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation. London-based Britannia Bulk Holdings Inc. said recently that following a substantial third quarter loss for calendar year 2008, ...
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Keppel expands Cebu operation
The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said the new project was in line with the Keppel Group's Near Market, Near Customer strategy and its support ...
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Transpetro will not delay tanker orders
Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world credit crunch, the unit's president said. Brazil's Merchant Marine Fund, managed by state-development bank BNDES, has enough cash ...
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BW orders four VLOCs
BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for delivery in 2011 and 2012.
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Aker is now STX Europe
"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper strategic focus of attaining international market leadership within our two key segments: cruise and offshore vessels," says Torstein ...
