Industry News – Page 401
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Tricon Marine moving to China
The US-based Tricon Marine, a high-quality builder of FRP/composite luxury yachts up to 55 metres long, recently broke ground on China?s first and only North American-owned and operated shipyard. The new facility will allow Tricon to offer its customers the highest quality design and construction at unprecedented value.Located just outside ...
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Finland considering stake in shipyards
Finland could become a part owner in shipyards to ensure that shipbuilding remains in the country according to a recent statement form prime minister Matti Vanhanen. He said the country has a great interest in keeping the cruise ship knowledge in Europe.Norway's Aker Yards owns three shipyards in Finland which ...
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STX control of Aker Yards a step closer
South Korea's STX Shipbuilding is expected to win the EC?s approval for a controlling interest in Norway's Aker Yards. The EC, the European Union's top competition regulator, blocks deals only after sending a statement of objections. The industry source said it had not done so, and experts say it is ...
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Gdansk may reach agreement with EC
The Gdansk shipyard in Poland may avoid the requirement to pay back PLN 750m of public subsidy. ISD Polska, a subsidy of Ukrainian Donbas, and the owner of Stocznia Gdansk shipyard, is closer to reaching agreement with the EC. Brussels wants the shipyard to either pay back PLN 750m (EUR ...
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Daewoo to pass on steel price increases
Daewoo Shipbuilding & Marine Engineering (DSME) may increase newbuilding prices this year to pass on higher steel-plate costs to customers. "The increase will be a small one," chief executive officer Nam Sang Tae told reporters last week in Seoul, without giving more details. Steelmakers including Posco and Nippon Steel Corp. ...
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ASRY forms offshore services division
The Arab Ship Building and Repair Yard (ASRY) in Bahrain, has announced the formation of a new operating company to be called ASRY Offshore Services, (AOS). ASRY has, over recent years, seen a rapid growth in offshore markets in the Arabian Gulf region and, based on its own track record ...
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SDRL takes delivery of two deepwater drilling rigs
Seadrill took delivery of the deep water drilling rigs ?West Phoenix? and ?West Sirius? from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. ?West Sirius? was delivered within 30 days from original delivery schedule, while ?West Phoenix?, due to customer initiated modifications, was delivered approximately three ...
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Kongsberg acquires Global Sim
Kongsberg Maritime in Norway has acquired the Draper, Utah based technology enterprise Global Sim for approximately NOK 100 million. Global Sim delivers products and services in the field of crane simulation for the training of crane operators around the world and holds a market leader position in maritime crane simulation. ...
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Clipper Point joins Seatruck fleet
Seatruck Ferries, part of the Danish Clipper Group, has received delivery of the first of four newbuildings ordered from the Spanish shipbuilder Astilleros de Huelva. Named Clipper Point, she will be followed by a further three vessels in this 120 unit class of freight ro-ros during the course of this ...
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Hyundai cuts delivery times
Hyundai Heavy Industries has developed a new groundbreaking technology that makes it possible to launch a completed ship while continuing shipbuilding work at the same dock. With traditional methods, a vessel that was under construction would float on the water whenever the dry dock was flooded to launch a completed ...
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Criticism of shipping 'disappointing and disconcerting'
Shipping should not be a ?scapegoat? for damage to the world environment, says the head of the IMO, Efthimios Mitropoulos. The IMO Secretary-General speaking in London at the opening of the IMO?s Marine Environment Protection Committee (MEPC) said the shipping industry had a "fine record. It is against such a ...
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MHI in Vietnam venture
Mitsubishi Heavy Industries (MHI)of Japan is making an important investment in Southeast Asia. It will build a ship repair yard as a joint venture with Mitsui OSK Lines, Japanese trading company Marubeni Corp and local state-owned shipbuilder Vinashin. A first dock should be up and running by 2010. A second ...
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STX moves into VLOC sector
South Korean shipbuilder STX Shipbuilding announced the receipt of an order for the construction of its first two 320,000 dwt very large ore carriers. U.K.-based Zodiac Maritime is thought to have placed the orders. To be delivered by December 2011, the ships are priced at $125 million apiece. STX has ...
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Four more heavy lifts for L&T
Reinforcing India?s growing stature as a shipbuilding nation, the country?s biggest engineering firm Larsen and Toubro Ltd (L&T) has won a contract valued at about $240 million (Rs962.4 crore) to build four specialized ships for Dutch company RollDock BV.The contract involves a firm order for two vessels each with a ...
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Nexans supplies cables for Bourbon newbuildings
The French company Nexans, one of the leading players in the cable industry, has signed a three-year contract worth $13.4 million to supply 3,146 km of its special marine cables to be installed on Bourbon Offshore?s new vessels. Nexans will supply 3,146 km of halogen free, low-smoke marine power transmission ...
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Three European countries support distillates
Three European nations, Germany, Norway and Finland, have submitted a joint proposal to the IMO supporting a move to distillate bunker fuels for ships. They suggest that the switch away from residual fuels should be completed over the next 10 years. Their proposal is being put to the IMO's Marine ...
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Cummins expands manufacturing capacity in India
The Industrial Engine Business Unit of Cummins India Limited (CIL) has inaugurated its new integrated manufacturing facility at the Cummins India Limited Kothrud Campus, Pune. CIL has invested $20 million on this facility and the products manufactured here would service major customers worldwide. The new unit will specialize in assembling, ...
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EU prepared to act if IMO delays action
The ?working relationship? between the European Commission and the IMO was reinforced at the end of last week with a top-level meeting, but fast action will be required at the IMO to prevent Europe from acting alone on ship emissions.Ship emissions was one of four items on the agenda when ...
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Inter Korean deal on shiprepair yard
A South Korean company has obtained the exclusive right to use a ship repair yard in North Korea. The right to use Ryongnam Ship Repair Factory in the western port city of Nampo will enable Acheon Global Corp. to gain domestic and overseas investment in its ship repair and steel-structure ...
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Oman to spend megabucks on fleet expansion
Oman's state shipping firm will spend up to $4 billion in the next three to four years to expand its fleet size, a senior company official said, as part of the sultanate's efforts to upgrade its oil industry.Oman Shipping Company (OSC) is looking to grow its fleet mainly to meet ...
