Industry News – Page 415
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Indian Navy to build all ships locally
Having recently learned that their new aircraft carrier, INS Vikramaditya (ex- Admiral Gorshkov), would be completed two years later than contracted and at twice the cost at the Russian shipyard, Sevmashpredpriyatiye in Archangels, India has decided to embark on an ambitious programme to modernise its naval shipyards. Before India becomes ...
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Hyundai Heavy wins Singapore boxship order
Hyundai Heavy Industries in Korea has secured a contract valued at 679.8 billion won ($736 million) to build nine container ships for an unidentified client in Singapore. The vessels will be delivered by the end of 2011. No further details are available.
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Malaysian Navy gets Spanish treatment
Spanish shipbuilder Navantia hopes that its business dealings with Malaysia will not end with building the aft sections of the Royal Malaysian Navy's two Scorpene submarines. Clinching the deal to build the rear half of the submarines has aroused the company's interest in Malaysia as a potential customer for other ...
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Korean yard wins Indian orders
STX Shipbuilding in Korea has won orders to build 14 new ships, worth more than $750 million from Indian shipowners who are buying new cargo carriers to cash in on the growing global demand for carrying raw materials such as steel, iron ore and coal.The companies involved are the state-run ...
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Clipper Helen delivered
The second ethylene tanker out of a series of four was delivered by Meyer Werft to the Norwegian shipping company Solvang ASA (Stavanger). This ship is the 50th gas tanker the shipyard has built since 1963 and is named ?Clipper Helen?. The LEG/LPG tankers for the Norwegian company have a ...
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Shipping line reduces speed
One of the world's largest container shipping lines says bunker costs now account for over 50% of its vessels' operating expenditure. A senior official of the French container transport and shipping company CMA CGM predicted that "'most shipping lines" would start steaming at "'economic speed to minimise bunker fuel consumption."CMA ...
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Cosco gets Vroon quartet
The Dutch shipping company Vroon BV has ordered four 92,500 DWT bulk carriers at Cosco's Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and 2010. Vroon already has two Panamax bulk carriers on order at Tsuneishi Shipyard in Japan and three Supramax ...
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Tyneside marine company to expand
Shepherd Offshore, based at the Offshore Technology Park in Walker, Tyneside, UK, has snapped up the neighbouring former NIM Engineering site, with plans to spend ?£2m on redeveloping it. The investment will see the renovation of the vacant site to turn it into fabrication facilities, including overhead cranes. Offshore oil ...
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SCI to buy six handies
The Shipping Corporation of India (SCI)is to acquire six 57,000 DWT handymax bulk carriers at total investment of $269.40 million (Rs 1,077.60 crore). The acquisition of these newbuildings would augment the Indian dry bulk carrier tonnage and also the share of Indian shipping companies in the country???s overseas trade.
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R-R wins Chinese contract
Rolls-Royce has signed its largest contract with Chinese shipbuilder Sinopacific, to provide steering gear and deck machinery worth $42 million. Bjorn Johnsen, Rolls-Royce Vice President Sales and Marketing (Greater China) - Marine said: ???This order takes us to a record in China this year, with contracts for more than 700 ...
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Bunker oil spills covered in 2008
The last significant gap in the international regime for compensating victims of oil spills from ships is set to be closed, with the entry into force on 21 November 2008 of an international treaty covering liability and compensation for pollution damage caused by spills of oil, when carried as fuel ...
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Aker???s USA business splits in two
Aker American Shipping Inc. has decided to split its two divisions into separate companies. One would continue to operate the Aker Philadelphia Shipyard while the other would continue to buy ships produced at the yard and lease them to charter operators. ???The split is an aggressive measure to further advance ...
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Philly to build more product tankers
The ship owning company Aker American Shipping ASA has entered into an option agreement with Aker Philadelphia Shipyard ASA to build up to 13 product tankers at a total contract value of $1.3 billion. With this agreement, Aker American Shipping aims to expand its fleet, from 12 to 25 state-of-the-art ...
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BV strengthens bulker share
Close co-operation with Chinese design companies and shipyards has helped Bureau Veritas (BV) strengthen still further its dominating position in the booming international bulk carrier market. In the period from January to July this year, more than 45% of all Handymax ships ordered worldwide were to BV class and, of ...
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SembCorp in Saudi shipyard venture
Singapore's SembCorp Marine Ltd is in a joint venture to set up and operate a new yard at the Yanbu Commercial Port in Saudi Arabia. Sembcorp Marine and its joint venture partner Nasser Mohammed Al-Mukairish and Partners Company (Al Mukairish) have agreed to form SembMarine (Middle East) Pte Ltd (SMME). ...
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Precious orders new vessels
Precious Shipping, Thailand's largest shipping firm, has plans to spend $474 million on 15 new vessels to replace its ageing fleet. About $114 million would be earmarked for three new Supermax ships, which range in size from 50,000 to 60,000DWT, and the rest for 12 ships previously announced by the ...
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Boskalis to build two new dredgers
The Amsterdam-based Royal Boskalis Westminster NV has ordered two new dredging vessels for its fleet from IHC Holland shipyard at a total cost of approximately 200 million Euros. Delivery is slated for December 2009 and April 2011. The order is part of an existing, multi-year fleet expansion programme involving an ...
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STX wins bulk carriers
South Korean shipyard STX has won a shipbuilding contract worth at least $240 million for the construction of three bulk carriers, which are expected to be delivered in the second half of 2010.
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Orissa to get its first shipyard
The Orissa government in India has cleared investment proposals for a shipyard to be constructed near Dhamra. The new yard will be built by APJ-Bharati Shipping Company who submitted a proposal of Rs 2,200 crore. The project will be completed in three phases within 72 months of the signing of ...
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Mercator enters jv with shipbuilder
Mumbai-based shipping company Mercator Lines Ltd and shipbuilder Mech Marine Engineers Pvt. Ltd have formed a shipbuilding joint venture, named Mercator Mech Marine Ltd, to build commercial ships.The proposed shipyard will cost Rs2,000 crore and will be located at Vansi Borsi in Gujarat. The yard will be capable of building ...
