Industry News – Page 423
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China blocks STX shipyard
Plans by Korean shipbuilder STX to build its new shipyard in Dalian, northern China, is being challenged by the Chinese government's restraint on building large ships. STX began construction on the $1-billion shipyard near Dalian in March but regulations on foreign firms are barring the firm from digging a dry ...
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Danaos extends boxship order
The Greek shipping company Danaos has extended its shipbuilding contracts with China Shipbuilding Trading Company to include one more 8,530 TEU vessel, bringing the total number on order to five vessels. All five Post Panamax containerships will be built by the Shanghai Jiangnan Changxing Heavy Industry Company and are expected ...
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GL Rules Pilot
Which rule affects my fleet? That is the central question for shipowners, managers and shipyards when it comes to international maritime regulations from IMO, ILO and IACS. The new "GL Rules Pilot" has the answers: The new online database givesindividualised information, based on fleet structure and specific information needs.As regulations ...
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BV says CNG transport viable
International classification society Bureau Veritas (BV) says that market demand will inevitably lead to the development of Compressed Natural Gas (CNG) carriers. Speaking at BV?s Gas Tanker Seminar, to be held in Hamburg on 20 September, Fred Venner, BV?s manager for gas ships will say that CNG ships will be ...
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Daewoo wins $740m orders
Daewoo Shipbuilding & Marine Engineering Co (DSME) received $740 million in orders to build a drill ship and an oil tanker. The vessels will be delivered by the end of 2010 to companies in Oceania and Europe. DSME has received contracts worth $15.2 billion this year, achieving about 90% of ...
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IMSK Multigas order
I.M. Skaugen ASA (IMSK) confirmed that a new 50/50 joint venture with GATX Corp. has been created. This new joint venture will assume the ownership of the first four 10,000 cbm sized "Multigas" carriers currently under construction at Skaugen Marine Construction (SMC) in China. These Multigas carriers will have the ...
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GlobalSanteFe orders new drillship
Oil and gas drilling contractor GlobalSanteFe Corp. has ordered a new ultra-deepwater exploration and development drillship from Hyundai Heavy Industries. Shipyard costs for the drillship are expected to total about $740 million and delivery is expected in September 2010.
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Awilco awarded rig option at Yantai shipyard
Oslo-based Awilco Offshore said it has received an option to build a fifth semi-submersible drilling rig at China's Yantai Raffles shipyard. "The option can be exercised until end December 2008, and would have a building period of 33 months from exercise," the Norwegian offshore services firm said.The additional option has ...
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RIL to pump $2 bn into shipbuilding and dredging
The Mukesh Ambani-owned Reliance Group in Mumbai, India, is set to make a splash in 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 ...
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Swissco orders offshore newbuilds
Swissco Offshore Pte Ltd, the wholly-owned subsidiary of Singapore-based Swissco International, placed orders for two offshore support vessels (OSV) at a cost of $9.91 million, excluding owner's supplied items. The first unit is a 55 metre azimuth stern drive anchor handling, tug and supply (AHTS) vessel. The vessel is expected ...
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SCI in talks with overseas shipyards for JV
Mumbai-based Shipping Corp of India Ltd is in talks with foreign shipyards for a joint venture in India and plans to buy a stake in any of the two shipbuilding yards proposed by the government. The state-run firm, which wants to get into port management and dredging operations, is also ...
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Rickmers to acquire 4 new vessels
Rickmers Maritime of Germany has signed an agreement to acquire another four 4,250 TEU container vessels. This is on top of its recently-announced acquisition of four 13,100 TEU vessels. Together, the new vessels will increase Rickmers Maritime's total contracted fleet capacity by 170% to 110,310 TEU. Polaris Shipmanagement will manage ...
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Algoma to build three oil tankers
The Canadian shipping company Algoma Central Corp., which operates on the Great Lakes, says it has struck an agreement with the Jiangxi Jiangzhou Union Shipbuilding Co. Ltd. in Jiangxi, China, to build three double-hulled oil tankers. The tankers will cost $91 million to build and the three vessels will be ...
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ABG buys Western India Shipyard
ABG Shipyard is likely to pick up a 40% stake in Western India Shipyard for $56 million. ABG bought the shares held by institutional investors ICICI, IDBI, Bank of India, State Bank of India and UTI.The company has a total debt of over Rs 280 crore and, during the first ...
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Tugboat tender saves SAS from doldrums
The Durban-based Southern African Shipyards (SAS) has won tenders worth R400 million to build five tugboats for Transnet for delivery in 2010.The tugs were being procured through two tenders: one directly from Transnet for three tugs for the Port of Nqgura, and one with Transnet National Ports Authority (NPA) for ...
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Gazprom needs 20 Shtokman LNG tankers
Russia's Gazprom may call a tender for up to 20 LNG tankers in early 2008 to help it ship LNG from the huge Shtokman field. Andrei Fomichyov, head of St. Petersburg's North Shipyard company, said that Gazprom had informed companies that might take part in the tender that each tanker ...
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Pakistan aims to be a shipbuilding country
The Pakistan government has said it is committed to making Pakistan a leading shipbuilding country of the region to take advantage of country?s ideal location and realising its true potential in this sector. The prime minister was chairing the first policy board meeting on development of shipbuilding industry in Pakistan ...
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Hyundai to build 10th dock
Hyundai Heavy Industries plans to spend 134.1 billion won ($143 million) on building another dry dock because of growing orders for container ships and other vessels.This will by Hyundai?s 10th dock, and will measure 640 metres long and 92 metres wide and will be constructed in the port of Ulsan. ...
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Wärtsilä to manufacture CPP in India
Wärtsilä Corporation has decided to manufacture controllable pitch propellers (CPP) in India to create an important and sizeable production capacity increase for the CPP business. The new activity will incur an investment of about 5 million Euros. The CPP production in India will be operational by the end of 2008. ...
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Evergreen may invest in Chinese shipyard
Evergreen Group, parent of Taiwan's biggest shipping line, may invest in a Chinese shipbuilder to accelerate delivery of new vessels. The company "is looking for opportunities overseas" and "China is one of the options," Nieh Kuo-wei, a company spokesman, said. Possible locations for the venture include Guangzhou in China's southern ...
