Industry News – Page 412
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HHI targets record sales in 2008
Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported this year. In 2008, HHI targets $27.4 billion worth of orders and plans to spend 1.63 billion won ...
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Taiwan shipbuilding booming
The production value of Taiwan's shipbuilding industry is expected to amount to NT$52 billion ($1.6 billion) for 2007, up 21% over the year-earlier level, according to tallies released by the Industrial Development Bureau (IDB). This will mark the first time the country's shipbuilding output has topped NT$50 billion, IDB officials ...
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Inter-Korean shipbuilding survey
The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding yards there. The agreement came after the first meeting of the inter-Korean committee on shipbuilding and marine cooperation ...
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First ship from Changxing shipyard
Chinese shipbuilder Jiangnan Shipyard Group, recently delivered a 16,600 dwt chemical tanker, the Sten Arnold, completed at its Shanghai Changxing Shipbuilding facility, to its Norwegian owner, Rederiet Stenersen. The Bergen-based shipowner ordered 13 ?Idun-class? vessels from Jiangnan and the Sten Arnold is the ninth in the series and the first ...
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Turkey to construct mega shipyard
The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years. The cost of the project, which is to build an 85,000 square-metre shipyard, is estimated at $390 million and the facility is expected to employ some ...
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UTC inks contract with Navantia
Power, a United Technologies Corp. company, has signed a contract for the development phase of a program with Spanish shipbuilder Navantia, S.A., to supply a 300kW proton exchange membrane (PEM) fuel cell power module for use in the Spanish Navy's S-80 submarine. Terms of the agreement with Navantia were not ...
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Austal gets boost from Navy
The U.S. Navy plans to contribute up to $33 million to an Austal USA modular shipbuilding facility whose price tag could reach $200 million, Austal Ltd. said in a news release issued in Australia. Austal said the money would be paid in a series of reimbursements as it reaches specific ...
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COSCO Shipyard completes new facility
COSCO Shipyard Group, a major Chinese repair-yard, has constructed a new facility in Dongguan, Guangdong province. The facility will be utilized to build ships up to 100,000 dwt in addition to repair works. It will be the third of the group's five repair yards to engage in newbuildings since the ...
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Yangzijiang to build 20 boxships for Cosco
Yangzijiang Shipbuilding has won a $1.4 billion contract from China's Cosco Container Lines to build twenty 4,250 teu container ships. This includes options for four ships.The vessels are to be delivered between 2011 and 2012. This is the largest deal the China-based shipbuilder has received this year.
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Korean yards bag offshore orders
Samsung Heavy Industries has obtained new orders totaling $2.41 billion including a $1.15-billion deal to build two semi-submersible floating drilling rigs for an undisclosed Russian client for delivery in September 2010. In addition African and American clients ordered two oil drilling ships worth $1.26 billion for delivery in May 2011.Daewoo ...
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STX wins $200 mln order
STX Shipbuilding in Korea has secured a $200 million order from the Middle East to build four bulk carriers. The ships would be delivered by 15 June, 2011.
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RR wins additional offshore marine contract
Rolls-Royce has won £72 million of further business on its largest ever offshore marine contract from Germany's Nordcapital Group, taking the total order value to £155 million. The company said it will design and equip four more offshore service vessels, in addition to the six Nordcapital ordered in June. The ...
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Yangzijiang signs mega Cosco contract
Yangzijiang Shipbuilding based in Jiangyin, China, has signed a preliminary contract with Cosco Container Lines to build 20 vessels worth $1.36 billion. The ships are expected to be delivered between August 2011 and June 2012.
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APJ orders three bulkers
Kolkata-based Apeejay Shipping, (APJ Shipping), part of the Apeejay Surrendra group, has placed orders for three dry bulk carriers of 57,000 DWT from Cosco shipyard group of China at a total cost of $130 million. The three vessels will be built at Cosco?s Guangzhou shipyard and will be delivered between ...
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China builds two for Transworld
Dubai-based logistics and shipping firm Transworld has awarded a Dh293.6 million ($80 million) shipbuilding contract to China's Guangzhou Wenchong Shipyard for two feeder container vessels. The order is in line with Transworld's aim to strengthen its fleet given the growing demand for cargo transportation by sea. The 175-metre ships are ...
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Samsung wins LNG quartet
Samsung Heavy Industries has won an 851.3 billion won ($905.4 million) order for four LNG carriers. The order came from an unidentified company in the Americas and the ships will be delivered by January 2012.
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Aker delivers another Conti boxship
Aker Yards Germany in Wismar and Rostock-Warnemünde delivered the fourth container vessel in a series of five of the newly developed type Aker CS 2100 container ships for Conti Reederei in Munich. The 30,750 DWT newbuilding was named Conti Arabella and will sail on its maiden voyage under its charter ...
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WWL's orders world's largest ro-ros
WWL's owners Wilh. Wilhelmsen ASA of Norway and Wallenius Lines of Sweden have ordered four of the world's largest ro-ro vessels from Mitsubishi Heavy Industries' (MHI) Nagasaki yard in Japan for delivery in 2011 and 2012. The new ships will service Wallenius Wilhelmsen Logistics and have a carrying capacity of ...
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Krasnoye Sormovo scoops another five tankers
The Baku-based shipbuilder Krasnoye Sormovo, part of the MNP Group, has won another contract from Palnali Shipping Company for five IMO2 tankers of "New Armada" type of RST22 project with high "ECO Project" ecologic class. Andrey Ivanov, MNP Group Shipbuilding Director, said that the first contract for five contracts was ...
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China in bulker mode
China Shipping Development Co plans to order four very large ore carriers (VLOCs) from Chinese shipbuilders for a total of $470 million. Each vessel will have capacity of 300,000 dead weight tonnes. The company also plans to order ten 57,300 DWT bulk carriers for a total $386 million from China ...
