Industry News – Page 378
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ARB could enforce speed limits
Vessels could be forced to reduce speeds to 12 knots within 24 to 40 nautical miles (nm) off the California coastline if the latest proposals by the California Air Resources Board (ARB) are given approval. At an ARB workshop in California, the board discussed measures for vessel speed reduction (VSR) ...
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NSB attributes DSME cancellation to steel costs
German ship manager NSB Niederelbe has denied rumours of financial woes, insisting that the decision to cancel a $610m containership order with Daewoo Shipbuilding & Marine Engineering was taken based on high steel costs. The announcement is an attempt to quell market speculation about the company following a stock exchange ...
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CSD places order for tankers
China Shipping Development (CSD), the nation's biggest oil and coal carrier, announced its wholly-owned unit China Shipping Development (Hong Kong) Marine Co has signed an agreement to buy four oil tankers of 76,000 DWT from Dalian Shipbuilding Industry Co. Under the $228 million deal, the four oil tankers are expected ...
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Innovative dredger for Van Oord
The Rotterdam-based dredging company Van Oord has placed an order for a large self-propelled cutter suction dredger which will be built at IHC Merwede's Kinderdijk shipyard. The new vessel will be one of the largest cutter suction dredgers in the world and delivery is scheduled for the autumn of 2011. ...
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Dubai plans Hormuz bypass canal
Dubai is studying plans to build a $200 billion mega-canal that would allow oil tankers to bypass the Strait of Hormuz. The Gulf emirate is understood to be considering the idea as a means of reducing Iran?s influence on the flow of oil from the region. About 17 million barrels ...
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Polish government backs shipyard plan
Poland's cabinet approved yesterday a rescue plan for its debt ridden shipyards but workers and opposition politicians said the proposal would trigger large job losses and harm support among Poles for the European Union. The EU Commission has given Prime Minister Donald Tusk's government a 12 September deadline to present ...
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Former shipyard turns to superyachts
Southampton councillors have approved a plan to allow US yacht builder Palmer Johnson to begin manufacturing superyachts on the former VT shipyard in Woolston. Local officials say the Palmer Johnson facility would add 800 jobs to the area.
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Wilson expands shipyard
Wilson, Sons logistics company will invest $40 million in the expansion of its shipyard in Guaruj?, on the coast of S?o Paulo in Brazil. The initiative still depends on environmental authorizations. "The expansion may generate 650 direct jobs since we want to double our production capacity," said the company's executive ...
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Four bidders for DSME
POSCO and three other South Korean companies submitted their formal bids yesterday for Daewoo Shipbuilding & Marine Engineering. Korea Development Bank (KDB) said it will pick a preferred bidder in October after allowing POSCO, Hyundai Heavy Industries, GS Group and Hanwha Group to conduct due diligence on Daewoo Shipbuilding for ...
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Malaysian yard wins OSV contract
Malaysian shipbuilder Coastal Contracts has secured an $86.5 million contract to supply six offshore support vessels (OSV). Coastal has won about 1.1 billion ringgit ($139 million) worth of vessel orders this year, bringing the value of its total order book to 1.7 billion ringgit ($493 million), the company said.
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Korea wins half of world's shipbuilding orders
South Korean yards won half of the world's shipbuilding orders in the first half of this year, strengthening the country's dominance in the industry the government said. The country's shipbuilding yards secured orders for 12.40 million compensated gross tons, or 50.6% of the world total. It said overall global demand ...
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Maersk orders VLCCs
Maersk Tankers has signed an agreement with STX shipbuilding company in Korea for the delivery of four VLCCs in 2011-2012. "We are very pleased with this order. The vessels are an important part of our strategy to grow our presence in the VLCC segment. With the order we will reach ...
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Gdynia and Szczecin need state investment
Polish treasury minister Aleksander Grad announced last week that "To make the restructuring effective, it is necessary to provide additional public aid to the shipyards. Shipyards in Gdynia and Gdansk need z³.835 million, while the Szczecin shipyard - z³.400 million. We realize that these sums might be shocking, but without ...
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STX may join POSCO bid
STX Group said that it is ready to chip in 300 billion won to join a consortium led by local steel giant POSCO to take over Daewoo Shipbuilding & Marine Engineering (DSME). "We want to participate in the Daewoo Shipbuilding bidding. But we will invest a maximum of 300 billion ...
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Wärtsilä and Mitsubishi announce smaller low-speed engines
Wärtsilä introduces two new low-speed marine diesel engines at the Wärtsilä Licensees Conference held this week in Lucerne, Switzerland. The engines are developed in co-operation with Mitsubishi Heavy Industries in Japan, taking advantage of the strengths of both companies with these types of engines. This project comes under the strategic ...
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IMO under pressure to act on emissions
There is a new warning that the IMO must act quickly to find consensus of ways of reducing carbon dioxide (CO2) emissions. "The EU (European Union) is putting pressure on the IMO. They want them to do a lot more," said Christopher Frisk, head of Brussels representation for the Swedish ...
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BAE India looking to build ships
BAE Systems India, subsidiary of the Britain-based global defence company BAE Systems, is planning a foray into shipbuilding besides expanding operations in India with more joint ventures and partnerships, a top company official said. "We are open to shipbuilding and will explore it. Our team will start working on it ...
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Sealink expanding shipyard
Shipbuilder and charterer, Sealink International Bhd in Malaysia has allocated RM50 million ($14.5 million) as capital expenditure to expand its shipyard at Kuala Baram in Miri. The company owns another shipyard located in Krokop/Piasau also in Miri. Both shipyards can build up to 15 vessels a year and the company ...
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Poland to unveil shipyard privatization plans
The Polish government on Thursday said investors interested in the privatisation of the country's ailing shipyards would present their plans in time for an EU deadline of 12 September.Following Polish promises to present viable plans for the restructuring of ailing yards by the September deadline, the European Commission said in ...
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Scrubbers get support in California
Industry has come out in support of emissions scrubbing technology in California, an industry poll has revealed. By a narrow margin, 55% of respondents to the poll on sustainableshipping.com said that "it would be more cost-effective if scrubbers could be used". Under regulations from the California Air Resources Board (ARB), ...
