Industry News – Page 383
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Oman seeks $4bn for shipping expansion
Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme. This money will finance the existing vessels already on order and the purchase of more ships. Oman Shipping Company (OSC) is looking to grow its fleet to meet demand for energy transportation ...
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P&O Ferries orders two giants
P&O Ferries has signed a ?360m contract with Aker Yards for the two largest ferries ever to be constructed for the Dover-Calais service. The first of these ships will enter service in December 2010 and the second in September 2011, replacing the 'Pride of Dover' and the 'Pride of Calais'. ...
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Safedor final conference
SAFEDOR (Design, Operation and Regulation for Safety) is about to complete its four years R&D programme. This integrated project (IP) is funded by the European Commission under the 6th RTD Framework Programme, in which a total of 53 project partners, coordinated by Germanischer Lloyd, from all sectors of the maritime ...
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Prime DSME bidder to be decided in October
Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are expected to select a preferred bidder for the shipbuilder in October. According to industry sources, the state-run Korea Development Bank (KDB) started a due diligence on the shipbuilder last week as its labour union ended a month-long protest over the sale ...
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Major order for Wärtsilä-Hyundai JV
Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF engines for four ships to be built by Samsung Heavy Industries. The contract also includes an option of ...
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Polish shipyard bankruptcy would have far reaching affect
The potential bankruptcy of Polish shipyards will not only affect those employed locally, but also the fall of some 800 mid-sized companies, both domestic and international, employing 100,000 workers.If the EC declares that the new structuring plans, due on 12 September, do not meet EC privatization laws then the Gdansk, ...
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GSI buys part of CSSC
Guangzhou Shipyard International (GSI) has agreed to buy Guangzhou Wenchong Shipbuilding from its parent and the mainland's biggest shipbuilder China State Shipbuilding Corp (CSSC) for 3.04 billion yuan as part of a reorganization of the industry in China. "The acquisition will enable us to enjoy a bigger market share and ...
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Box ship deal ditched by Daewoo
Romania?s struggling shipbuilding industry is under the spotlight after South Korea?s Daewoo Shipbuilding and Marine Engineering cancelled a large containership order. The $620 million contract for eight 4,250 TEU ships was placed earlier this year by German owner NSB Niederelbe with Daewoo Mangalia Heavy Industries in Romania. DSME stated that ...
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Israel Shipyard delivered first cargo ship to European buyer
Israel Shipyards (ISL) recently delivered of a general cargo ship to a German customer. The vessel was built under contract to deliver two general dry cargo ships worth $28 million. The single hold 90 metre long and 15.4 metre wide vessel is classified as a 4,750 dwt bulk carrier.ISL is ...
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Evergreen yard shelved
Taiwan?s container liner Evergreen Marine's parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions. Evergreen had intended to form a shipbuilding joint venture in the southern Chinese port city of Quanzhou with the local government. A spokesman for the company said ...
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?K? Line invests in new Chinese ship yard
Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has reached an agreement with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City, Fujian Province, PRC by Titan Petrochemicals Group Ltd., for "K Line to become a primary strategic partner in ...
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HMD next generation PCTCs
The shipbuilding process for Pure Car/Truck Carriers (PCTCs), the next- generation ship that Hyundai Mipo Dockyard (HMD) has recently made one of its main products, is proceeding smoothly. HMD held a meeting with all parties concerned, including representatives from all production departments, regarding the production process of PCTCs. At the ...
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New yacht building yard in UK
For decades, Palmer Johnson in the US has produced some of the world's largest luxury motor yachts and, last week, president and CEO Mike Kelsey Jr. confirmed that the company was opening a shipyard in England, in part because of skilled labor shortages in northeastern Wisconsin.Palmer Johnson is not downsizing ...
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Ice Maiden contract collapses
The Ice Maiden 1 conversion contract at A&P Tyne, Hebburn, should have kept several hundred workers busy until next March. But the order is now in doubt after troubled Scottish company C&M Group went into administration this week, after serious cash-flow problems.A&P Tyne managing director David Skentelbery said: "Obviously, we ...
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Sevan confirms Cosco options
Cosco Shipyard Group will build two more Sevan 650 drilling units at a combined value of $500 million for Sevan Marine ASA. Sevan has made prepayment of S$7 million to secure the steel materials procurement for the two drilling units. A formal agreement is expected to be signed at a ...
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JYSC wins mega contract
According to Jiujiang Yingxin Shipbuilding Company (JYSC), one of the largest private shipbuilders in China, the company has recently signed a large newbuild contract with Dalian Haichang. The contract involves building 20 60,000 dwt bulk carriers worth over $900 million. This is so far the largest single new-build contract in ...
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Brazil orders dozen VLOCs
Brazilian iron ore miner Vale has ordered 12 very large ore carriers (VLOC) from Chinese shipbuilder RongSheng Shipbuilding and Heavy Industry for $1.6 billion. Each of the ore carriers will have a capacity of 400,000 dwt and delivery of the first of these vessels is expected in early 2011 with ...
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Siba expands livestock fleet
Italian-based Siba Ships, the world?s leading maritime livestock transporting company, has placed a $250 million order for two livestock carriers to be built at Croatia?s Uljanik yard. The new vessels will carry 18,000 cattle or 75,000 sheep safely and in comfort. Aimed at the thriving Australian livestock export trade, the ...
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Fincantieri to acquire Manitowoc
Italian shipbuilder Fincantieri has signed a definitive acquisition agreement to acquire the Manitowoc Marine Group (MMG), from its parent company, The Manitowoc Company, Inc. Lockheed Martin Corporation has agreed to be a minority investor with Fincantieri in the proposed acquisition.The transaction, that is valued at approx. $120 million (subject to ...
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Gulfs Area and Southern South African waters special areas
Special Areas in which the discharge of wastes from ships is prohibited will take effect in the ?Gulfs area? and off southern South Africa on 1 August 2008, providing extra protection from pollution from shipping in those areas under the International Convention for the Prevention of Pollution from Ships (MARPOL). ...
