Industry News – Page 386
-
News
Oman plans massive industrial park
The Omani government is laying the ground for the development of a huge industrial hub and free trade zone in Duqm, a remote coastal town on the Arabian Sea. Spread on 24,000 hectares, the industrial park will be adjoining a major port complex that includes a ship repair yard being ...
-
News
Szczecin shipyard close to privatisation
The Polish manufacturer and assembler of welded and bolted steel constructions, Mostostal Chojnice, and Ulstein Verft have been numerous times enumerated as potential investors for the state-owned SSN shipyard in Szczecin. The two companies have now decided to cooperate. "We have signed a letter of intent and we will propose ...
-
News
Samsung to deliver world's first Q-Max
Samsung Heavy Industries will deliver the world?s biggest LNG tanker to Exxon Mobil Corp.?s venture in Qatar in August. The 266,000 m3 tanker, named Mozah, is the first in a 14 ship series and took 15 months to build after the yard cut steel in April 2007 and will be ...
-
News
Run on containership orders in Korea predicted
Maersk?s recent orders for 34 containerships could signal a new round of boxship ordering at Korean yards in the second half of this year, analysts are predicting. On the one hand, container lines have weathered the initial few months of global economic slowdown fears are now betting that trade will ...
-
News
STX wins bulker pair
STX Shipbuilding has won an order worth 122.3 billion won ($117.3 million) from a European shipping company to build two bulk carriers for delivery by April 2011.
-
News
Kailing starts building China?s first cable-layer
Chinese shipbuilding has taken another step towards extending its capabilities with news that Zhejiang Kailing Shipyard is embarking on building the country?s first cable-layer for Zhejiang Zhoushan Electric Power Company. The ship, to be named Zhoudian No.7 is being designed by Zhejiang Seahead Ship Design and Research Institute and will ...
-
News
Samsung wins another drill ship order
Samsung Heavy Industries has received an order to build a drill ship for 739.2 billion won ($705.6 million). The deal with a U.S shipping company calls on Samsung Heavy Industries to deliver the vessel by January 2012.
-
News
Jurong shipyard secures second Atwood rig
Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a 2nd rig order from Atwood Oceanics Pacific Limited ("AOPL"), a wholly-owned subsidiary of Atwood Oceanics Inc. to build a deepwater semi-submersible drilling rig with an option for an additional 3rd unit.Scheduled for delivery in mid-2012, this 2nd unit of ...
-
News
RR propulsion purchase
Rolls-Royce has announced its intention to acquire Scandinavian Electric Holding, a supplier of packages for hybrid and diesel-electric marine propulsion systems. Rolls-Royce will purchase 100% of the equity of the company from Borea Opportunity 11 AS for £43m in cash subject to regulatory approval from the Norwegian competition authorities. The ...
-
News
Casualty expert blames poor quality machinery
Shipowners and underwriters are forking out "staggering" amounts for engine damage, a leading marine engineer and casualty expert has warned.Both "man?s inhumanity to machinery" and poor products are to blame, the Society of Consulting Marine Engineers and Ship Surveyors? president, John Lillie, told a meeting in London of the International ...
-
News
Norden drive to reduce emissions
Danish tanker and bulker owner D/S Norden AS plans to reduce its carbon dioxide (CO2) emissions this year by 2%. A new report by Norden revealed they have installed monitoring systems to all of their ships as part of an environmental initiative to reduce bunkers and minimise CO2 emissions. Last ...
-
News
Chinese shipbuilder wins UAE contract
The Abu Dhabi-based Al Jaber Group has awarded a $500 million contract to Chinese shipbuilder Jiangsu Hangtong Ship Heavy Industry to build and supply eight bulk carriers. "The deal that was signed with Jiangsu Hangtong Ship Heavy Industry will position Al Jaber Shipping Agency and Marine Works as the biggest ...
-
News
Havila orders new construction ship
The Norwegian offshore company Havila Shipping ASA has entered into a contract with Havyard Leirvik AS for the building of a large subsea construction vessel based on a new developed design, Havyard 860. The value of the contract will be approximately $269 million including owner delivery of offshore cranes and ...
-
News
Industry forum to tackle image crisis
Shipping?s lacklustre image is to be tackled head on by the formation of a new globalforum of maritime leaders. Launched at this week?s successful 2nd International Ship Management Summit in Limassol, Cyprus, the pan-industry image forum will include ship owners and managers and seafarers? representatives.The Forum is already planning its ...
-
News
Keppel to build Scorpion?s first semisub
Keppel FELS Limited (Keppel FELS) in Singapore has been contracted to build its proprietary DSS 38 deepwater semisubmersible rig for Bermuda-based Scorpion Offshore Ltd. The contract is subject to the fulfillment of certain conditions and is valued at $405 million excluding owner-supplied drilling and subsea equipment. Upon its completion in ...
-
News
Tsuji Heavy to build second shipyard in China
Tsuji Heavy Industries plans to spend about 50 billion yen ($472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm?s second shipbuilding facility since it entered this business in 2006.The new shipyard, to be established on 1.6 million m2 of land, will be capable of ...
-
News
EU orders Hellenic Shipyards to repay subsidy
The European Commission has ordered Hellenic Shipyards to pay a ?230 million ($363 million) subsidy back to the Greek government with interest, saying the money gave the company an unfair commercial advantage over rivals. Regulators said Greece broke state aid rules with a series of payments, loans and guarantees to ...
-
News
Jinhui Holdings in expansion mode
Hong Kong-based Jinhui Holdings has ordered a 38,000 dwt handysize bulk carrier from Japan's Naikai Zosen at a cost of Yen4.5bn ($42.3m). Delivery is scheduled in 2012. Last week the bulker operator shelled out $126.6m for a pair of 92,400 dwt post-Panamax newbuildings which will be built by China's Jiangsu ...
-
News
STX to form consortium for Daewoo Shipyard
STX Group will form a consortium to bid for a controlling stake in Daewoo Shipbuilding and Marine Engineering (DSME). "Group-scale talks have been under way in jointly acquiring DSME to lessen the financial burden of an acquisition," according to Bae Dae-kwan, vice president of the group. "We are looking for ...
-
News
New GL ShipManager
The updated software tool GL ShipManager 2.0 improves the efficiency of shipping operations and ensures compliance with industry requirements as well as internationalregulations. Simplifying and automating the administrative workload for a ship is the overarching goal of GL ShipManager 2.0. With the Windows Vista compatible GL ShipManager 2.0, there is ...
