Industry News – Page 410
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Pakistan to upgrade Karachi shipyard
The Pakistan government has decided to upgrade the basic infrastructure for construction of commercial cargo ships and warships, including F-22 P frigates, in Karachi. The government has allocated Rs 483.42 million for the fiscal year 2007-08 and, in view of its strategic importance, it has already dropped Karachi Shipyard & ...
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CSL in multi PSVs orders
The Cochin Shipyard CSL) in India has received orders worth over Rs 2,000 crore for constructing 21 platform supply vessels for European and American clients. The vessels are scheduled for delivery in two to three years.
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COSCO to expand rig-building capacity
COSCO has signed an agreement with the Jiangsu Qidong municipal government to expand its rig-building capacity. The new yard will be located at the entrance of the Yangtze River and will cover an area of two million square metres. The yard will focus on offshore projects, including the construction of ...
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BAE and Tenix join forces
British company BAE Systems has struck a $775 million takeover deal with one of Australia's biggest defence firms, Tenix Defence. The deal, which would make BAE the largest supplier to the Australian Defence Force, is subject to foreign investment and competition approvals.BAE Systems Australia chief executive Jim McDowell says the ...
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HHI to build another yard in Kunsan
Hyundai Heavy Industries (HHI) announced that it will construct its No.2 shipyard in Kunsan city, Chollabuk-do. The new shipyard will be equipped with a newbuilding dock and an outfitting basin at a cost of 407.2 billion won and is scheduled to go into operation by January 2010. Details of the ...
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Cosco expands rig-building capacity
Cosco Corp (Singapore) said its 51% owned unit Cosco Shipyard Group will build a new yard in China that will focus on rigs and other oil and gas-related vessels. Work on the yard in Jiangsu Province near the entrance of the Yangtze River will begin immediately with the first phase ...
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Hyundai upgrades yard
Hyundai Heavy Industries will spend 407.2 billion won ($435.6 million) building docks and other facilities at its Kunsan shipyard, southwest of Seoul, South Korea. The investment would be made by January, 2010 as it is expanding capacity to meet rising demand. Hyundai is aiming to secure $27.4 billion worth of ...
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Vyborg signs contract with Samsung
Vyborg Shipyard in north-west Russia and the South Korean company Samsung Heavy Industries have signed a contract to supply ready-to-install topsides of semi-submersible drilling rigs to LLC Gazflot, an exploration and ship owing company and part of the Gazprom group. Under the contract, Vyborg will build two sets of topsides ...
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ASL Marine secures seven orders
Singapore-based ASL Marine Holdings Ltd. which owns shipyards in Singapore, Batam(Indonesia) and Guangdong (China), secured new shipbuilding contracts worth S$96 million ($67 million) for the construction of seven vessels. The seven vessels include two emergency response and rescue vessels, one water injection dredger and four 80-ton bollard pull rotor tug ...
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R-R alliance wins USN contract
A strategic alliance between Rolls-Royce and UCT Coatings Inc. is bringing new technology to the marine market and is about to start work on a $7m U.S. Navy research contract. The contract, placed with Rolls-Royce, will evaluate UCT?s patented UltraCem nickel boron coatings on naval propulsion systems such as propellers ...
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Siem orders two more AHTSs
Siem Offshore Inc. in Norway has signed contracts for two large and environmentally friendly anchor handling vessels (AHTS) with Norwegian shipbuilding group Kleven Maritime. Kleven Verft in Ulsteinvik, Norway, in cooperation with its sister yard Myklebust Verft in Gursken, Norway, will deliver the vessels in October and December 2010. The ...
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Global fuel payment solution for shipping industry
Lloyd?s Register North America, Inc., U.S. Bancorp, and Resurgence Software have collaborated to create the patent pending Voyager Maritime Payment Solution, a seamless, secure, and quality-assured method of acquiring and financing fuels. Voyager offers both buyers and suppliers fuel-oil-supply quality and confidence end to end, standardized contracts and procurement procedures, ...
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Japan to create mega shipyard
Japanese heavy machinery maker IHI Corp. and steelmaker JFE Holdings Inc. are engaged in talks to merge their shipbuilding operations to create the world's sixth largest shipbuilder. JFE, the world's third-biggest steelmaker, owns 50% of Universal Shipbuilding Co, Japan's second-biggest shipbuilder. JFE is looking to raise its stake and take ...
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Lift-off for SkySails
The first application of the SkySails towing kite propulsion system on a cargo vessel has been undertaken by Beluga Shipping GmbH. The multi-purpose heavy lift vessel was recently christened ?Beluga SkySails? and is equipped with a kite measuring 160 square metres. Later, when the sail is scaled up to 320 ...
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Trawler launched in UK
A Yarmouth shipbuilding yard recently launched a 19 metre trawler. The vessel, the ?Amethyst?, slid down the slipway at Richards Dry Dock & Engineering (RDDE) in Great Yarmouth, England, and will soon be towed to Macduff in Scotland to be fitted out.Construction work has already begun on a second, larger ...
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Damen starts JV in UAE
Damen Shipyards Group has purchased 49% of the shares of Albwardy Marine Engineering (AME), Dubai, UAE. AME is active in ship repair, shipbuilding, repair of offshore units and diving activities and has facilities in Dubai, Fujairah (UAE) and Salalah (Oman). AME employs approximately 780 people, of whom the vast majority ...
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L&T?s shipyard plans get nod from government
With the Tamil Nadu cabinet clearing the project, Larsen and Toubro Ltd (L&T) will move ahead to set up a Rs3,000 crore new shipyard-cum-port project at Kattupalli in Thiruvallur district of Tamil Nadu in India as a special economic zone (SEZ). The state government?s approval came nearly 16 months after ...
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Bharati to build new yard
Mumbai-based Bharati Shipyard is all set to construct a greenfield modern shipyard at Usgaon near the Dabhol port in Maharashtra's Ratnagiri district. The new yard would have the capacity to build vessels up to 100,000 DWT and will be fully operational in next two years. Majority of the machineries and ...
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Hanjin builds shipyard in Mindanao
Korean shipbuilder Hanjin Heavy Industries and Construction Co. has signed a deal to build a $2 billion shipbuilding complex with the Phividec Industrial Authority, the state-run agency tasked to develop industrial sites. The facility will be the largest in the Philippines, even bigger than Hanjin?s $1 billion shipyard complex in ...
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Hyproc plans to order tankers
Hyproc Shipping Co., Algeria's state- owned shipping company, plans to buy enough tankers to carry half the nation's crude-oil production, Oil Minister Chakib Khelil said. Algeria, Africa's fourth-largest oil producer, owns one VLCC and Hyproc chairman Mostefa Mohammedi last year said the company's 25 year old fleet of gas tankers ...
