Industry News – Page 436
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China begins VLCC fleet expansion
China has begun an ambitious effort to build a fleet of more than 90 VLCC tankers to improve its control over oil imports, vital to sustaining a booming economy, shipping industry experts say.Government strategic planners in Beijing have set a target that half of the oil imports should be carried ...
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Fincantieri IPO next spring
The Italian government expects to carry out an initial public listing of shares in the state owned shipbuilding company Fincantieri SpA next spring, said economy undersecretary Massimo Tononi. Tononi and transport ministry officials met the company and its trade unions today. Industry sources said the aim is to agree the ...
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Indian Navy to get three carriers
The Indian Defence Minister A.K.Antony has publicly confirmed that the Indian Navy would get a third aircraft carrier by 2017 in addition to the Admiral Gorshkov and the indigenous Air Defence Ship (ADS). The minister said that the order for a third carrier -- to be built by Cochin Shipyard ...
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USN plans to go electric
The US Navy has announced plans for a new generation of electrically propelled destroyers and hinted that all of its surface vessels, and possibly its submarines as well, will eventually use electric drive systems. Initially, the Navy plans to build 32 destroyers at a cost of around $25bn. It says ...
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Costa Serena delivered
The Costa Serena, the new flagship of Costa was delivered yesterday by Fincantieri at its Sestri Ponente shipyard in Genoa, Italy. Like her sister ship, the Costa Concordia, which entered service in July 2006, the Costa Serena is the largest passenger ship flying the Italian flag and the largest European ...
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DSME may produce blocks in North Korea
Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea wants to produce ship blocks in North Korea according to a Korean report. "If all conditions are met and everyone involved can benefit, we have no reason not to initiate such a business, even given that it would be in North ...
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Samsung wins more container carriers
Samsung Heavy Industries has received a $771 million contract to build six container ships from a European company. The vessels will be delivered by July 2010. The value of the order accounts for 11.2% of its recent sales of 6.35 trillion won, the shipbuilder added. Last week, Samsung had won ...
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Aker launches French cabin facility
Aker Yards Cabins, France has been launched under the legal name of Aker Yards Cabins SAS. It is part of the cabins business within Aker Yards, Cruise & Ferries including two factories in Finland and one in France.
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VT outlines venture with BAE Systems
In a statement provided with the company's Preliminary Results for year ending 31st March 2007, VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured.He said "We announced in December 2006 that we had entered into discussions ...
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KBR announces sale of DML shipyard business
Houston-based engineering and construction services firm KBR along with fellow shareholders the Weir Group and Balfour Beatty, announced that they have agreed to sell their interests in Devonport Management Limited (DML) to Babcock International Group plc for total proceeds of £350 million. KBR's ownership in DML is 51%. The transaction ...
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Russian yard building Norwegian hull
Severnaya Shipyard in Russia has signed a contract for the construction of the hull of a sister ship to the 3,600 DWT ?Siddis Skipper?, an offshore supply vessel based on the Vik-Sandvik design VS 470 PSV. The contract with the Stavanger-based offshore service company O.H. Meling & Co. AS includes ...
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STX Pan Ocean orders newbuilds in China
Korea's STX Pan Ocean, whose majority shareholder is STX Shipbuilding, has entered into shipbuilding contracts with Taizhou Maple Leaf Shipbuilding Co.,Ltd., China, for construction of three handy size bulk carriers at a price of around $28 million each to be delivered in 2009 with an option of one additional handy ...
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Seametric issues LoI for TML
SeaMetric International AS, based in Stavanger, has issued a Letter of Intent (LoI) to ESSCA (Hong Kong) Ltd in consortium with China Petroleum First Construction Corporation (CPFCC) and the JingJiang shipyard near Shanghai for the construction, assembly and testing of the first 20,000 tonne capacity Twin Marine Lifter (TML) system.CPFCC ...
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Canada moves to get new Arctic patrol vessels
A key Canadian federal cabinet committee has given the go-ahead for a plan to construct six corvette-sized Arctic patrol vessels. The cabinet priorities and planning committee approved the program to build the 100-metre long, 6,000 tonne warships within the last 10 days, according to defence and political sources.The patrol vessels, ...
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Dongkuk Steel ups steel plate prices
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, plans to raise the price of steel plates used in shipbuilding. The steelmaker said the price of steel plates will be raised to 685,000 won ($741) from 635,000 won from May 15.In October, Dongkuk Steel raised the price of the product by ...
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Japan launches nuclear carrier for Barrow
A new £30 million nuclear freight ship to be based in Barrow, UK, was launched in Japan recently. The 4,500 tonne ?Pacific Heron? was launched by Mitsui Shipbuilding and Engineering at its Tamano shipyard. Built for the UK-based Pacific Nuclear Transport Limited (PNTL) to carry high level nuclear waste and ...
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FOP cooperation deal with Marubeni
Fred Olsen Production ASA (FOP) has signed a strategic cooperation deal with Japan's Marubeni Corporation that will see the two firms work together to identify and execute FPSO projects in certain Asian countries.The Norwegian firm said the partnership will target China, Vietnam, Cambodia and Thailand, where it expects there to ...
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India set to get mega shipyards
In 2010 a milestone will be completed by the Indian maritime industry when it is expected to join a league of nations that possess the expertise to build and repair ships up to 300,000 dwt. Currently, Indian yards can build up to 110,000 dwt vessels.The shipping ministry has received 'Expressions ...
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HHI wins order to build eight boxships
Hyundai Heavy Industries Co. (HHI) has won a $978 million order to build eight container ships. The deal from a shipping company in the Marshall Islands calls on HHI to deliver the vessels by November 2010HHI has received $4.4 billion worth of new orders this year, more than half of ...
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CVRD to develop Brazil-China shuttle service
The Brazilian company Companhia Vale do Rio Doce (CVRD) has entered into a 25-year contract of freight with Bergesen Worldwide (B.W. Bulk), the world's leading owner of very large ore carriers, which will involve the construction of four very large ore carriers, each with a capacity of 388,000 dwt. These ...
