Industry News – Page 406
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Odfjell cancels Russian newbuildings
In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for all twelve vessels was approximately $500 million, later increased to $544 million. Following serious delays in the construction ...
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Boom time for Japanese shipbuilders
Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan Ship Exporters Association said Tuesday. Comparative orders received last month were for 27 bulk cargo ships with a ...
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HSL to venture into shipbuilding
Marine engineering specialist Hock Seng Lee Bhd (HSL) in Sarawak, Malaysia, is diversifying into ship building, maintenance and repair that will enhance its exposure to the oil and gas sector. To that end, HSL has accepted an offer from Sarawak Timber Industry Development Corporation (STIDC) to acquire a 48.43-acre (19.37-hectare) ...
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Thailand aims to develop shipbuilding industry
The state and private sectors have joined to coordinate their efforts to upgrade Thailand's shipbuilding industry with an aim to make the country become ASEAN's shipbuilding and repair center. Atchaka Sribunruang Brimble, director-general of the Industrial Economics Office (IEO), said the agency had signed a cooperation agreement with a private-sector ...
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Pertamina orders two tankers
Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya. Construction of the first tanker will be completed in March 2011 and the second vessel will be delivered ...
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Aker to build Arctic boxships
Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk (Greenland) to build two ice-strengthened container ships for arctic operation. The contract confirms Aker Yards' position as the global leader within specialized container ships and of vessels designed to operate in the growing market for ship ...
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Russian yard to expand
The Russian bank Vnesheconombank will be financing the construction of an 18 billion-ruble ($733 million) shipbuilding complex in St. Petersburg owned by billionaire Sergei Pugachyov.The state-owned bank signed an agreement last week with Alexander Gnusarev, chairman of Pugachyov?s United Industrial Corp. (OPK), for the funding of the project which will ...
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Aker denies Genesis delays
Aker Yards ASA has dismissed a Finnish media report claiming the construction of the world's two largest cruise ships is in danger of falling behind schedule. An Aker Yards' spokeswoman said the Turku yard in Finland is still on course to have the Genesis I ready by Autumn 2009 and ...
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Odfjell contracts newbuildings in China
Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price for the first six vessels of $180 million. Delivery is scheduled in 2010-2012 and these newbuildings will operate ...
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HK yards need mainland Chinese workers
Hong Kong?s two ship repair yards, HUD and Yiu Lian, are reporting unheard of 90% dock occupancy for the past 18 months. Yet, if this important sector is to continue then the Hong Kong government must rescind old immigration rules and allow mainland Chinese skilled labourers to work at the ...
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NGV Tech winning orders for expanded shipyard
Malaysian shipbuilder NGV Tech Sdn Bhd is lining up a string of newbuild contracts for its newly expanded shipyard in Sijangkang, Malaysia. In 2005, the Malaysian shipbuilder expanded the yard to step up its newbuild programme in support of the booming oil and gas sector. The yard is now capable ...
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BAE bids for RFA tankers
Work on a new order for the Royal Fleet Auxiliary could be coming to the Clyde, it emerged today. A consortium led by BAE Systems has declared it wants to design and build up to six tankers for the Ministry of Defence. If its bid is successful the contract could ...
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L&T angling for Dutch shipbuilding contract
India?s biggest engineering and construction firm, Larsen and Toubro Ltd, is in talks with a Dutch shipowner for a new building contract valued at more than $100 million (Rs397 crore). "Yes, L&T is negotiating with a Dutch shipowner for a new building order. But, I cannot tell you the name ...
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AET gets new delivery
Tanker owner-operator AET, a wholly owned subsidiary of MISC Berhad, welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the Imabari Shipyard at Koyo Dockyard in Japan. Eagle Turin, which will fly the Singapore flag, becomes the 49th ...
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Qianjin yard building SPO AHTSs
Swire Pacific Offshore Holdings (SPO), the wholly owned offshore service subsidiary of Hong Kong listed Swire Pacific Limited, has placed an order with Qianjin Shipyard in Qingdao, China, to build eight vessels at a price of $100 million.According to the deal, Qianjin Shipyard will manufacture and deliver the eight 57 ...
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C&Heavy wins Asian bulker order
South Korean shipbuilder C&Heavy Industries has won a $163.3 million order for four bulk ships from an unidentified Asian company. The ships would be delivered by 31 January 2011.
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Oman orders ten VLCCs from Korea
The state-owned Oman Shipping Company has placed two contracts for a total of ten five VLCCs with two Korean shipbuilders. Both Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) will build five very large crude carriers each at a cost of about $1.5 billion. DSME will deliver ...
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ST Engineering wins PSV deal
Singapore Technologies Engineering Ltd, a global engineering and defence contractor, said its US shipyard VT Halter Marine has secured a new contract worth between $45 and $55 million to build two platform supply vessels for L&M Botruc Rental Inc. L&M Botruc operates fleets of offshore marine transportation vessels in the ...
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Investment in Scottish shipyard
U.K. Defence Secretary Des Browne recently visited Babcock Marine in Rosyth, Scotland, to witness the start of a £50 million (almost $100 million) investment project at the dockyard in preparation for construction of two Royal Navy aircraft carriers. Browne witnessed the signing of a £35 million contract placed with Glasgow-based ...
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New shipyard for Gdansk
ISD Polska, a subsidiary of Ukrainian steel manufacturer ISD Donbas, plans to invest z³.700 million ($283 million) to build a modern shipyard in Gdansk. However, the project may be delayed due to ongoing talks with the European Commission (EC) which insists on reducing the existing shipyard's production output by closing ...
