Industry News – Page 407
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Sulphur decision 'on hold'
Key decisions on the bunker industry's future have been shelved until an IMO meeting called for the end of next month. The IMO's Bulk Liquids and Gases (BLG) sub-committee, meeting in London last week, agreed to streamline the options being discussed rather than make definitive recommendations.The most controversial proposal, a ...
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Samudra Indonesia orders two bulkers
The sea transportation service company PT Samudra Indonesia has placed an order with South Korea?s STX Shipbuilding for two bulk carriers at a total value of $97.6 million.The Indonesian company placed the order for the two 57,700 dwt ships through its subsidiary, Foremost Maritime Pte Ltd and delivery is scheduled ...
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New VLCS order for HHI
Hyundai Heavy Industries (HHI) has won a 1.28-trillion won ($1.35 billion) deal tobuild eight very large container ships (VLCS) for a European shipping company. The vessels will all be delivered by April 2012.Although the identity of the shipping company has not been disclosed, it coincides with an order of eight ...
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Indian shipyards poised for mega expansion
Indian engineering and maritime groups have lined up an estimated $4.5bn to invest in new shipyards, opening up a front in the nation?s competition with China to become a low-cost manufacturing centre.The country?s newest shipbuilder, Pipavav Shipyard, is to "cut steel" on its first vessel today in its yard in ...
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Dutch land Morocco frigate deal
The Royal Moroccan Navy has signed a contract with the Netherlands-based Schelde Naval Shipbuilding, part of the Damen Shipyards Group, for three Sigma-type missile corvettes. The customer has requested the overall contract value is not disclosed, but this is estimated to be around $1.2 billion.Morocco's order is for three Sigma-class ...
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CSBC reactivates privatization plan
State-run CSBC Corp, Taiwan, (CSBC) plans to sell a majority of its shares in line with its goal of completing its long-delayed privatization by the end of this year. The proposed share sale is also expected to help CSBC, formerly known as China Shipbuilding Corp, raise capital for capacity expansion ...
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WWL urges yards to be more innovative
With almost all Asian shipyards focusing on increasing their output in order to meet their bulging order backlogs, this is hampering innovation in ship designing according to Arild Iversen, chief executive of Wallenius Wilhelmsen Logistics (WWL). But the shipping industry should prepare for fuel prices of up to $1,000 a ...
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GOGL secures Kamsarmax options
Golden Ocean Group Limited (GOGL) has placed a newbuilding contract with the Chinese shipbuilder Zhoushan Jinhaiwan Shipyard (Jinhaiwan) for two 80,000 dwt Kamsarmax bulk carriers for delivery during 2011. The contract includes an option for two similar vessels. This latest order is in addition to the eight sister-ships ordered in ...
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France orders two of the best from Italy
The Italian shipbuilder Fincantieri and the French owner Compagnie des Iles du Ponant, part of the CMA CGM Group, have signed a preliminary agreement to build two super luxury cruise ships. By adding this new brand to its customer portfolio, Fincantieri has further consolidated its presence in the promising business ...
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Hyundai wins Nakilat crane deal
The Qatar shipping company Nakilat has awarded a major contract to Hyundai Samho Heavy Industries Company Limited and Hyundai Corporation (acting collectively as the contractor) for ten jib cranes. The contract, which has options, includes the design, supply, construction, installation, test and commissioning of ten rail mounted, level luffing, portal ...
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Dongkuk ups steel price
Dongkuk Steel Mill Co, which sells 30 % of steel used by South Korea's shipbuilders, raised the price of heavy plates by 13 % as yards face record orders for vessels. The first increase since July raises the price to 820,000 won ($870) a tonne on 11 February, a company ...
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New ICS environment code
The International Chamber of Shipping (ICS) has updated its Code of Practice on Shipping and the Environment. The expanded 4th edition is intended to provide a concise but comprehensive summary of the environmental obligations of shipping companies as required by the latest international regulations, and a clear set of environmental ...
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Sietas delivers first type 176
The German heavy lift shipping company Schiffahrtskontor Altes Land GmbH & Co. KG (SAL) has named the first of eight new heavy lift vessels to be built by the German yard of Sietas. Named ?Frauke?, the vessel of type 176, with an unrivalled speed of 20 knots and a combined ...
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Keppel secures FPSO conversions
Singapore-based Keppel Shipyard Limited has secured contracts worth over S$215 million ($152 million) for the conversion of tankers to floating, production, storage and offloading units.These include the conversions of a tanker for Danish rig operator Maersk Contractors and the first FPSO in the US Gulf of Mexico for Norwegian contractor ...
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Prospects rosy for ASL
Singapore-based ASL Marine Holdings Ltd. posted 23.7% increase in revenue to S$193.4 million ($136.7 million) on the back of higher value shipbuilding projects and increase in ship repairing and conversion jobs during the first half ended 31 December, 2007. ASL's total gross profit rose 48.5% to over S$36 million ($25 ...
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China leads the world in ship orders
As of the end of December 2007, Chinese shipbuilders? orders-in-hand had totaled 158.89 million dwt, rising by 131% year-on-year, according to statistics released by the Shipping Industry Administrative Office of the Commission of Science, Technology and Industry for National Defence. China accounted for 33% of the world's total shipbuilding orders-in-hand ...
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HHI wins boxship sextet
Hyundai Heavy Industries (HHI) has won a deal valued at 794 billion won ($843 million) to build six container ships. The deal with a European shipping company calls on HHI to deliver the vessels by May 2011.The shipbuilder has enough orders to keep it busy for about four years. To ...
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China building Italian Capers
Italian shipping company Rizzo-Bottiglieri-De Carlini Armatori SpA (RBD) signed a $180 million contract with Shanghai Waigaoqiao Shipyard for two 177,000 dwt Capesize bulk carriers. "These will be the largest ships in our fleet. With them, we will develop a deep and stable commercial relationship with China, especially with its major ...
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Vietnam completes second Diamond bulker
The Ha Long Shipbuilding Company in the northern province of Quang Ninh, Vietnam, recently handed over the second 53,000 dwt bulk carrier to Graig group of the UK. The Blue Diamond freighter was designed by the Carl Bro company of Denmark and classed by DNV.Construction of the third newbuilding of ...
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Aussie yard bags another European order
The Netherlands-based maritime services company Smit has awarded Australian shipbuilder Strategic Marine a contract to build three aluminium hulled crew/pilot boats for use in its Middle East operations.Strategic Marine chairman, Mark Newbold, said the sale of the 22.10m crew/pilot boats re-enforced Strategic Marine?s reputation as a global shipbuilder. "This is ...
