Industry News – Page 418
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MISC to upgrade shipyard
MISC Bhd, the Malaysian shipping company with a big stake in the LNG market, has allocated about RM1.5 billion ($450 million) over the next four to five years to upgrade and expand its subsidiary unit Malaysia Marine & Heavy Engineering (MMHE) shipyard. To date, about RM150 million has been spent ...
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Greatship orders another PSV pair
Keppel Singmarine Pte, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a repeat contract from Greatship Global Offshore Services Pte to build two platform supply vessels. Deliveries for these two PSVs will be between end 2009 and the first quarter of 2010. The vessels are similar to ...
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Aker to build more PSVs for "K" Line
Aker Yards has signed a contract with "K" Line Offshore AS to build four platform supply vessels of Aker Yards design. The total value of this contract is approximately NOK 1.4 billion ($258 million) and delivery of the four vessels is scheduled between fourth quarter of 2010 and third quarter ...
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ABG to build MAN engines
Indias biggest private sector shipbuilder ABG Shipyard Ltd will invest about $100 million (Rs394 crore) to set up a factory at Dahej in Gujarat that will make diesel engines for ships through a technical collaboration with Germanys MAN Diesel. We are finalizing the details of the proposed tie-up with ...
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Siem orders two more AHTSs
Kleven Verft in Ulsteinvik, Norway, in cooperation with its sister yard Myklebust Verft, has signed two contracts with Siem Offshore Inc. of Kristiansand, Norway, for the delivery of two large and environmentally friendly anchor handling vessels of the Vik Sandvik design VS 491 Clean Design. Siem Offshore already has 10 ...
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Canadian firms line up for frigate work
Canadian defence firms are lining up to bid on a $1 billion contract to upgrade the Royal Canadian Navy's frigates, promising a boost in employment on the West Coast. The Canadian government will issue a request for proposals by the end of November for the project to install a new ...
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Hyundai Mipo wins European bulk carrier order
South Korea's Hyundai Mipo Dockyard Co Ltd, an affiliate of Hyundai Heavy Industries Co, has secured an order worth $474 million from an unnamed shipowner in Europe. Under the contract, the shipbuilder is required to build 10 bulk carriers for the European client by November 2011. The value of the ...
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SembCorp purchases stake in Indian shipyard
The Singapore company SembCorp Marine, the world's second-largest builder of offshore oil rigs, is paying SGD 29 million ($19 million) for a stake in an Indian shipyard. The purchase of a 3.31% stake in Pipavav Shipyard Ltd (PSL) is the Singapore company's first investment in India. With the investment, SembCorp ...
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Aker wins Laeisz contract
Norway's Aker Yards has won a ??¬245 million ($353 million) contract to build six container ships for the Rostock-based shipowner Reederei F. Laeisz GmbH which operates a fleet of about 50 freighters, tankers, and research vessels. The deal is contingent on financing.The Oslo-based shipbuilder said the contract calls for delivery ...
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DDW to buy Labroy
Dubai Drydocks World (DDW) is making a voluntary conditional cash offer to acquire Singapore's Labroy Marine Ltd for S$2.37 billion ($1.63 billion) in a further sign of the booming Gulf emirate's plan to aggressively expand its global holdings. DDW has received irrevocable undertakings from Labroy's substantial shareholders to accept the ...
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Pakistan plans mega shipyards
Pakistan expects to earn $60 billion a year from transit trade after completion of the national trade corridor, a couple of shipyards and improvement of the North-South road network.The estimate has been prepared by the Planning Commission that is seeking advisory services from international firms for establishment of two large ...
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GOGL orders eight Kamsarmax in China
Golden Ocean Group Limited in Norway has placed a newbuilding contract for eight 80,000 dwt bulk carriers with Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The contract is valued at about $410 million in total and delivery is slated to commence quarterly from September 2009. Golden Ocean has already ordered five ...
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Another MFSV for Ezra
Singapore-based Ezra Holdings Limited continues to build its deepwater service capabilities with the award of a contract for a second large 27,000 bhp (19,840 kW) Multi-Functional Support Vessel (MFSV) to Karmsund Maritime Service AS of Norway. This follows hot on the heels of its earlier order for a similar MFSV.This ...
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Ghost ships??? yard wins permission for scrap facility
Able UK has finally won planning permission to develop a controversial facility to dismantle and recycle unwanted ships at its yard near Seaton Carew, Teesside in the UK.Peter Stephenson, the firm's chief executive, said: ???Now we can at last start to establish the Tees Valley as world-class centre for the ...
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SCI selects Havyard design
Havyard Group in Norway has confirmed that Shipping Corporation of India (SCI) has selected Bharati Shipyard Ltd to build four new anchor handlers based on the Havyard 841 AHTS design.???When the SCI tender was issued, Bharati chose to offer a Havyard 841 design and succeeded in securing the contract in ...
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Aker gets order for three coastal LNG ferries
Aker Yards has signed a contract with Tide Sj?ø AS for three ferries dedicated to operate the link between Oslo and the peninsula of Nesodden. The ferries will be built in France at Aker Yards, Lorient, at a total contract price is approximately 45 million Euros.Construction will start in March ...
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VT starts Oman OPVs
VT Shipbuilding???s facility in Portsmouth Naval Base, UK, has officially started manufacture of the UK???s first naval shipbuilding export order for nearly ten years. Rear Admiral Salim of the Royal Navy of Oman (RNO) cut the initial steel on the first of three sophisticated 99m. Ocean Patrol Vessels (OPVs) which ...
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Cosco clinches bulker orders
The Cosco Shipyard Group in China has secured an order to build 29 bulk carriers worth 1.34 billion US dollars. The latest orders put Cosco's current order book at $6.4 billion, $6.2 billion of which were secured this year and reports suggest that Cosco could secure another $900 million in ...
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Bourbon orders two MPSVs
Following a European bid tender, Bourbon, the French offshore fleet operator, has placed an order for two high-tech Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in Boulogne-sur-Mer. Delivery is slated for the second half of 2009.The design of these vessels is based on a concept established ...
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Ulstein in cluster collaboration
A letter of intent is signed on the contemplated acquisition of a majority stake by the Ulstein Group in Netherlands based Sea of Solutions. The deal is, amongst others, subject to a positive outcome of the due diligence process. Both the Ulstein Group and Sea of Solutions enjoy a solid ...
