Industry News – Page 394
-
News
Deaths close Tuzla yard
The Selah Shipyard in Istanbul's Tuzla region will be shut down until the safety issues have been properly addressed and rectified. The decision to shut down the shipyard, taken by the provincial labour department, was based on investigations carried out by Labour Ministry inspectors after a succession of fatal incidents. ...
-
News
STX invests in Azerbaijan shipyard
South Korea's STX Group has agreed to build a $430 million shipyard in Azerbaijan with local partners. STX said in a statement that the group would hold a 25% stake in the shipyard and the State Oil Company of Azerbaijan Republic (SOCAR) would own 65%, with the remainder to be ...
-
News
Wärtsilä and Mitsubishi join forces
Wärtsilä Corporation of Finland and Mitsubishi Heavy Industries Ltd of Japan have signed a joint development agreement to design and develop new small, low-speed marine diesel engines of less than 450 mm cylinder bore.The two companies see good business potential in pooling their resources and experience to develop new small ...
-
News
Viability of greenfield yard questioned
The chief executive of Excel Maritime Carriers has called into question the financial health of a new shipbuilder, Korea Shipyard Co. Excel bought out Quintana Maritime and in the process took over an orderbook that included four 180,000 dwt Capesizes at the greenfield site. Excel ce Stamatis Molaris says these ...
-
News
DOF goes to India for newbuilding
Norwegian offshore operator DOF ASA has awarded Tebma Shipyards Limited in India a contract for the construction of a new multi-purpose service vessel (MPSV). The NOK250m vessel will be of the design VS 485, and is scheduled for delivery in April 2010. DOF, headquartered in Storebo, Norway, operates platform supply, ...
-
News
Petrobras embarks on newbuilding binge
Petroleo Brasileiro SA (Petrobras), the state controlled oil producer in Brasil, plans to order 40 drilling ships and platforms worth about $30 billion for delivery by 2017. The deep-water drilling ships and semi-submersible rigs will cost about $750 million each and will explore for oil and gas in seas up ...
-
News
H&W reaches agreement with Harris Pye
An important step forward has been taken by two major players in the marine, oil and gas industries which will provide enhanced competitive and flexible solutions to the offshore industry. Building upon the proven strengths of both companies, Harland and Wolff Heavy Industries in Belfast and the Harris Pye Group ...
-
News
Subic yard delivers first newbuilding
The South Korean shipbuilder Hanjin Heavy Industries has started running sea trials for the first-ever ship built at its $1.6 billion Subic shipyard in Indonesia. Hanjin, whose projects in Subic and Misamis were alleged to have been tainted with anomalies, said the sea trial in the South China Sea is ...
-
News
Daewoo secures two drill ship orders
Daewoo Shipbuilding & Marine Engineering Co. has recently won a 1.44 trillion won ($1.37 billion) deal to build two drill ships. The deal from an American customer calls for the Korean shipbuilder to deliver the vessels, used for deep-water oil exploration, by April 2011.
-
News
Davie yard on the up
Davie Yards Inc. in Canada said that the former Davie Shipbuilding complex it took over in Lévis early last year now boasts a complement of 900 and the workforce will rise further this year as more orders come in.Norwegian-controlled Davie, which went public with a $47-million initial public offering in ...
-
News
Sale of Adriatic Shipyard close
The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard Shipyards International (ASI). Although the Cypriot consortium C & S.I and Mercury put in the best bid, they ...
-
News
Denmark offers shipbuilding training to Bangladesh
A tripartite agreement has been signed between a Bangladeshi firm and two Danish firms to provide necessary training to Bangladeshi workforce in shipbuilding sector. Officials of the Bangladesh shipbuilder Western Marine Shipyard Ltd (WMSL) and the Danish firms of Stella Shipping Ltd and the Plantware Ltd signed the agreement to ...
-
News
A dozen for Ulstein
Ulstein Design AS in Norway has agreed with Guangdong Machinery Imp. & Exp. Co., Ltd (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60 ship designs since 2000 consisting of 25 designs to Ulstein Verft in Norway and 35 designs to shipyards ...
-
News
OSD launches near-zero emission tug
WorldWise Marine, a partner in the Offshore Ship Designers (OSD) group, has launched a new design for a near-zero emission hydrogen powered tug.Michiel Wijsmuller, managing director of Offshore Ship Designers, says, "This new harbour tug will be able to remain on standby, and mobilise/demobilise with zero emissions, and will save ...
-
News
BG orders LNG duo from Samsung
UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have a cargo capacity of 170,000 cubic metres and are scheduled for delivery in 2010. These two new vessels ...
-
News
Bangladesh delivers first export ship
Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry cargo vessel named ?Stella Maris? was built at a cost of $6.63 million.
-
News
Global Marine raises funding for bulkers
Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's government in 2004 allowed shipyards, including Hyundai Heavy Industries and Samsung Heavy Industries, to set up financing vehicles ...
-
News
Hanjin Shipping gets new boxships
Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third in a series of the eight 4,300TEU container ships ordered back in 2005. These Panamax newbuildings are ...
-
News
Russia needs more offshore vessels
Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas carriers and icebreakers.The St Petersburg meeting, called to discuss the revival of national shipbuilding, became the first major ...
-
News
Mercator expanding fleet
The Indian shipping company Mercator Lines has drawn up a Rs 4,000 crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the growing dry bulk market and consolidate its presence in high-growth markets. The investments will be made by Mercator ...
