Industry News – Page 516
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Kogas plans four LNG tankers
Korea Gas Corp., the world's biggest buyer of liquefied natural gas, is seeking a $938 million loan to purchase four LNG tankers for a joint operation it is setting up with three other Korean companies. "We're trying to broaden our LNG business and secure LNG supply," said Lee Seung, head ...
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Aker signs Color contract
The Letter of Intent for two fast ropax day ferries signed on 2 November by Aker Yards and Color Line has been confirmed as a firm contract worth approx. EUR 250 million.The vessels, to be delivered during 2007-2008 from Aker Yards, Rauma, are intended for the Denmark-Norway services. The working ...
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Four more Carnival cruise ships for Fincantieri
Carnival Corporation has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The contract, which is subject to the approval of the board of directors of Carnival Corporation, calls for the construction of four new vessels, one each for ...
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Quanzhou expands
Quanzhou Shipyard in Fujian, China, will complete a 300,000DWT and a 170,000DWT dry dock by mid-2006. Total investment is $99 million. When completed, shipbuilding capacity of the two docks will be 1.5 million DWT per year.
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Older workforce threat to Korea?s productivity
Korea's leading shipbuilding companies, all members of the Korea Shipbuilders' Association, have an average workforce age of 42 and, since they have for the most part stopped hiring to shrink their payroll costs, it is a move that is now haunting them."Right now, the shortage of available workers is more ...
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MHI, VINASHIN sign licensing agreement
Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights to manufacture its large-sized diesel engines. The contract applies specifically to the Mitsubishi UEC-LA, LA, LSII and LSE ...
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Mackinaw damages bow
The Coast Guard?s newest cutter, the Great Lakes icebreaker Mackinaw, ran into a seawall Monday, causing damage to its bow. The Mackinaw, operating in a special status because it has yet to be commissioned, was entering port in Grand Haven, Mich., when it veered to starboard and struck the wall ...
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Damen to build ferries for Istanbul
As part of a major fleet expansion programme, the Istanbul Metropolitan Municipality in Turkey has signed a contract with Damen Shipyards Gorinchem for the construction of 5 new "Sea Buses". The catamaran ferries will be of the Damen Fast Ferry 4212 design, with a capacity of 449 passengers on two ...
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Vietnam starts construction of new shipyard
Work to build the largest shipyard in Vietnam?s central region started on Sunday in the country?s central hub, Danang city. The Danang shipyard, located on an area of more than 31ha in Son Tra district, is to be built at an estimated cost of $37.5 million.It will be able to ...
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Meyer wins Norwegian LPG duo
The Norwegian shipping company Solvang ASA together with a group of investors have placed a new order with Meyer Werft in Papenburg for construction and delivery of two LEG/LPG tankers. The gas tankers will have a length overall of 154.9 m, a breadth of 22.70 m and a cargo capacity ...
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Vinashin lands Danish job
Fabricius BR Marine in Denmark has inked its first shipbuilding contract with Vietnam?s shipbuilder Vinashin. Fabricius and Vinashin signed a $5 million deal to construct a 2,500 DWT vessel of an unspecified type. The 1,600-HP and 67-metre-long vessel will be delivered in early 2007. In addition, Fabricius is negotiating a ...
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Pacific Basin orders handy quartet
Pacific Basin placed a new order for four 32,000DWT handysize bulk carriers with Guangdong Machinery and Jiangmen Nanyang Ship Engineering at a cost of $21.98 each. The four will be delivered on January, May and September 2008 and January 2009 and the contract includes options for two more vessels for ...
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Venezuela and Iran plan new shipyard
Venezuela and Iran have agreed to explore setting up a joint shipbuilding operation in the South American country with cooperation of the domestic shipbuilder Dianca. The memorandum of understanding was signed between Petroleos de Venezuela S.A. (PDVSA) and Sadra Iran Marine Industrial Company with yards in Bandar Abbas, Bushehr and ...
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New Malaysian shipyard ready for ops in July
Avanzamento Engineering?s (AESB) new shipyard in Manjung, Perak, Malaysia, will start operating in July 2006. About $13.2 million has been invested in the shipyard, which will employ 50 to 60 people and specialise providing maintenance, repairs and overhaul services and supply logistic support equipment for naval and coast guard frigates. ...
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Pertamina to acquire 32 tankers
The Indonesian state-owned oil company PT Pertamina plans to acquire 32 oil tankers totaling more than 800,000 DWT for domestic oil shipments. The company`s president director, Widya Purnama, said the procurement was made to support domestic fuel oil supply security and in view of the fact that "the company`s oil ...
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Istanbul orders two Austal cats
Austal Ships has secured a newbuilding contract for two 88 metre high speed vehicle-passenger catamarans from the Istanbul Metropolitan Municipality. This follows the submission of a fully compliant proposal with the lowest price offer in an international tender that began earlier this year. To be operated by Istanbul Deniz Otobusleri ...
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Turbomeca sets up Indian subsidiary
Turbomeca, the French-based player in manufacturing aero, land and marine turbines, is opening its industrial operations in Bangalore, India, though its 100% subsidiary Turbomeca Turbochargers Industrial India (TTII).The subsidiary will initially focus on industrial turbochargers and will assemble, sell and service turbochargers, which are used to boost several hundreds of ...
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New Dalian shipbuilder unveiled
A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city's shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be ...
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Thales to take 25% stake in DCN
Thales and naval construction group DCN have agreed a tie-up, which will see Thales take a 25% holding in DCN. The source confirmed a report that appeared in French financial daily Tribune that the government would announce the tie-up officially next week. According to the source, the agreement will be ...
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HHM to up production
Hudong Heavy Machinery in China aims to increase its engine product capacity by almost four times. The engine maker has set a target of producing 1.4 million bhp in 2006, 2.5 million bhp in 2008 and 3.5 to 3.8 million bhp in 2010.
