Industry News – Page 389
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STX poised for Aker takeover
South Korea's STX Shipbuilding made a surprise $110 million bid to buy up to 7.92 % of the shares in Norwegian shipbuilder Aker Yards which would raise its stake to 47.15 % of the group. Already the biggest Aker Yards shareholder with a 39.23 % stake, STX offered to buy ...
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R-R opens St. Petersburg office
Rolls-Royce has opened a new office in St. Petersburg to further support activity within the growing Russian marine market. St. Petersburg has become the Russian shipbuilding capital, with 60% of the country?s shipyards and marine design, research & development and education facilities located there. Russia holds six per cent of ...
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Cosco to slow down
China Ocean Shipping (Group) Co (COSCO) is mulling over a plan to reduce the service speed of all of its ships by 10%, in order to lower fuel consumption and reduce emissions. At the start of the year, the state-owned company launched a pilot scheme cutting the speed of its ...
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Daewoo secures order for four newbuilds
Daewoo Shipbuilding & Marine Engineering has received a 532.8-billion-won ($519 million) order to build four vessels. The deal with a European shipping company calls on Daewoo to deliver two oil tankers and two bulk carriers by December 2011.
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Daehan Shipbuilding christens first newbuilding
Daehan Shipbuilding recently celebrated the christening of its first 170,500dwt vessel, at its shipyard located in Haenam, Korea. The vessel has been christened ?MYSTIC?.With a length of 289 metres and a 45 metre beam, she is the first in the series of eight Capesize bulk carrier ordered from the Norwegian ...
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Japan orders newbuilds from Bangladesh
Highspeed Shipbuilding & Engineering Co (HSEC), a Bangladesh shipbuilder, has won a $50 million order from Japan to build ten small ships. This is further evidence of the country's booming shipbuilding industry and is the first time the country has won a Japanese contract. The buyer is Japan based Tokyo ...
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IMO approves Krystallon technology
A newly-approved emissions control system, designed to fit onboard ocean-going ships, could prevent thousands of premature deaths by significantly reducing some of the most deadly pollutants affecting regions along North American coastlines. Approval of the system, known as seawater scrubbing, by the IMO has opened the way for the first ...
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Tuzla shipyard shut down for a month
The ?stanbul Directorate of the Labour and Social Security Ministry has ordered the temporary closure of one of the shipyards in the Tuzla area, where 98 workers have died in work-related incidents in the past seven years.Inspectors from the directorate yesterday announced that the Nur ?stanbul Shipyard in Tuzla would ...
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Malta to privatize shipyards
Malta is to start the process to privatize the island nation's shipyards, amid plans for a reduction in the workforce, Maltese Prime Minister Lawrence Gonzi announced yesterday. Several companies, especially from northern Europe, had expressed interest in buying into the state-controlled Malta Shipyards and the government will be issuing an ...
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STX undecided over Daewoo
Ship-building and shipping firm STX Pan Ocean said it is still considering whether to buy a stake in Daewoo Shipbuilding & Marine Engineering. The company was responding to market talk that it could be joining the fray for Daewoo Shipbuilding, which is 50.4% owned by Korea Development Bank and Korea ...
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Fleet expansion for OW Bunker
The Danish based OW Bunker, one of the world?s largest providers of marine fuel oil, lubricants and ship services, announced the launch of five new state-of-the-art bunker fuel delivery vessels for its operations in Europe. The announcement is part of OW Bunker?s $100 million investment strategy to develop its global ...
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Filipino yard builds country?s first double-hull tanker
The first locally built, double-hull oil tanker made by a Filipino company was recently launched from the ship repair and shipbuilding firm Herma Shipyard, Inc (HSI) in Bataan. Named ?Matikas?, the newbuilding has a 10-year contract with Petron Corporation for the transport of oil products from refineries to various depots ...
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Zaliv working on large bulk carrier order
Ukrainian shipyard Zaliv plans to build ten 175,000 dwt bulk carrier for a Ukrainian company. The technical project of the ship designed by Chernomorsudoproject (Nikolaev) is at the final stage of approval by Germanischer Lloyd.
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New provincial ferries
The Newfoundland and Labrador government in Canada has awarded long-awaited contracts to replace two of the vessels in its aging domestic ferry fleet. The $50.5-million contract will be managed by Peter Kiewit Sons Co who will build the hulls at the Marystown shipyard while outfitting has been subcontracted to the ...
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FLC West awaits approval from authorities
Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70% of the shares in the subsidiary Aker Yards Ukraine Holding. Under the agreement which the two companies announced 25 March 2008, FLC West ...
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Tata to order six large bulkers
India?s biggest private power utility, Tata Power Co. Ltd, is talking with shipbuilders in South Korea to construct six 175,000 dwt dry-bulk carriers, which it will use to carry coal from its mines in Indonesia to feed its ultra mega power plant at Mundra in Gujarat. The company will have ...
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Samsung buys stake in Brazil shipyard
Samsung Heavy Industries had agreed to buy a 10% stake in Brazil's Estaleiro Atlantico Sul shipyard for some $22 million. The purchase is expected to help Samsung Heavy win orders for drill ships and oil rigs in Brazil as the Brazilian shipyard is scheduled to begin operations from September next ...
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New bidders for Polish shipyards
The Norwegian shipyard Ulstein Verft AS wants to purchase the ?Nowa? Shipyard in Szczecin, northwest Poland and the company ETA Ascom Star from Dubai, owned by Star Holding, owner of a shipyard in China and 36 vessels, is, according to Polish sources, interested in buying the Gdynia Shipyard. At a ...
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Shipping told to slow down
Speed limits in the world's shipping lanes will be proposed today by Ruth Kelly, the transport secretary, when she announces plans to regulate greenhouse gas emissions. Studies suggest that, although ships use less fuel than planes or road transport to carry a tonne of cargo, the industry is so big ...
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VT and BAE agree merger
Tens of thousands of British shipbuilding jobs have been secured and a further thousand created, after the two main navy warship builders agreed to merge their businesses and create one single national shipbuilding firm. BAE Systems and VT Group confirm that after almost a year of negotiations they had finally ...
