Industry News – Page 420
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Rickmers orders ten newbuilds
Rickmers-Linie, the Hamburg-based specialist in the global transportation of break-bulk, heavy-lift and project cargo, has ordered ten new purpose-built multipurpose vessels, which are to be added to its fleet between 2009 and 2011. All ten will be built by Chinese shipyards and are to be deployed in Rickmers-Linie???s worldwide services, ...
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Iran needs 40 LNG carriers
Mohammad Suri, National Iranian Tanker Company???s (NITC) managing director, said the country would produce over 80 million tons of LNG per annum in the near future and 40 LNG carriers would be required to transport some of the product. Suri said that Iran would sign a trilateral contract on the ...
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Bharati wins new order
Bharati Shipyard received an $89 million order from Shippping Corporation of India for the construction of four AHTS vessels for delivery in 2011. Including the latest order, the shipbuilder has now announced orders worth approx $408 million over the last six months, primarily for offshore supply vessels, reiterating Bharati's strong ...
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Orissa to have mega shipbuilding factory
Orissa, in the North East of India, is all set to have a shipbuilding factory at Charidiha near Dhamra mouth in Bhadrak district of the State. It will be the first such private sector venture in eastern India. The Apeejay Surrendra Group and Bharati Shipyard Limited would set up the ...
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China Merchants Energy gets nod for six tankers
The National Development and Reform Commission permitted the leading Chinese tanker operator, China Merchants Energy Shipping Co., Ltd. (CMES) to buy six oil tankers via overseas investment. In April, CMES signed an agreement in Shenzhen with Dalian Shipbuilding to build two 300,00 DWT VLCCs and two 110,000 DWT tankers for ...
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Coastal wins OSV quartet
Coastal Contracts Bhd, the Sandakan-based company in Malaysia, said that its wholly owned subsidiary Thaumas Marine Ltd had clinched its largest newbuildings order worth $108 million boosting its order book to $223 million. The order consists of four offshore support vessels placed by Singapore's Kreuz Engineering Ltd, a subsidiary of ...
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AY-LCS expands voyage repair with SRC
Aker Yards and Estonian Shiprepair and Conversion group SRC Group O?? have concluded an agreement combining Aker Yards Lifecycle Services's (A-LCS) & SRC Group's strengths to start offering the premium voyage repair service for shipping companies operating in the North Baltic Sea area.According to the agreement, the two companies will ...
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CDL chasing navy and civil jobs
Sri Lanka's Colombo Dockyard Ltd (CDL), the island's sole listed shipbuilder, is bidding for three new local ship building contracts, including one from the navy where it has tied up with a Croatian yard, officials said. The yard, a subsidiary of Japan's Onomichi Dockyard Co. which provides management and technical ...
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Dalian climbing up world ranking
Dalian Shipbuilding Industry Corp, China's biggest shipyard, upped its rank to number four in the world in terms of orders in hand which it attributes to a combination of technical innovation and an expanded product range.Strong domestic and overseas demand was a source for the ship plant's new orders, 70% ...
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DESSC receives another newbuilding
The Cyprus-based Deep Sea Supply (DESSC) has taken delivery of the 4th of 8 PSV newbuildings from Cochin Shipyard in India. The vessel `Sea Pike`, a UT 755L Platform Supply Vessel, will go directly to Congo for a three (plus one) years time charter with ENI Congo. `Sea Pike` is ...
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Australia signs amphibious ship contract
The Australian government has signed a contract with Tenix, worth about A$3.1 billion ($2.78 billion) over eight years, to build two large amphibious ships for the Royal Australian Navy. The first ship, HMAS Canberra, will be delivered in 2013 and the second, HMAS Adelaide, in 2015. The 27,000 tonne ships ...
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Chery buys shipyard to boost car exports
The Chinese car manufacturer, Chery Automobile, has bought a Chinese shipyard as part of its latest effort to meet an ambitious export target. Privately-owned Chery, based in Wuhu city in eastern Anhui province, has bought the local Wuhu Shipyard and is restructuring it. ???Chery expands its business scope by foraying ...
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Croatia needs to cut shipyard aid
Croatia's next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union, the country's top EU negotiator said. With 11,000 jobs at stake at five main shipyards, Croatia has put off the subsidy cuts until after elections on 25 November. ...
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Four Seasons home on the seas
Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which is being developed by BV International Ocean Holdings Ltd, took place in mid-September at an invitation-only event at ...
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RIL to pump billions into dredging and shipbuilding
The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. ...
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Cunard orders a new Queen
Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be the second largest Cunarder ever built and is scheduled to enter service in the autumn of 2010. In ...
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Yangzijiang books box ship orders
Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of $409.7 million. The company now has contracts in hand for 129 ships totaling 2.2 million cgt and worth ...
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Shipyard profits rise
Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in 2005. Profit before taxes were reported at $14.5 million, a 48.7% increase on 2005 figures.
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Hyundai expands engine plant
Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010, The South Korean shipbuilder will also invest 150 billion won to build a new block plant in Gunsan, ...
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Hawaii orders lift U.S. Barge
A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial and Oregon Iron Works Inc., and announced its first contract 13 months ago. Young Brothers Ltd. in Hawaii ...
