Industry News – Page 519
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EU to impose ship ban
The European Union threatened to ban about 200 cargo ships from its waters to prevent accidents such as the sinking of an oil tanker off the Spanish coast three years ago. The EU proposed more inspections of commercial ships at EU ports and harsher penalties for vessels that fail safety ...
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NGV Tech in expansion mode
The Malaysian shipbuilder NGV Tech Sdn Bhd plans to expand its shipyard in Sijangkang to cope with the increasing demand for newbuildings. The Sijangkang yard which has the capability to build mainly aluminium vessels, already has its hands full with orders from local and overseas clients, including those from Singapore, ...
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DDX gets go-ahead
Officials have signed off on a plan for the US Navy to begin detailed design and procurement for materials to build eight new generation destroyers. Kenneth Kreig, the Under Secretary of Defense for Acquisition, signed the document needed to begin production of the Navy's futuristic surface combatant on Wednesday.The destroyers, ...
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Suez LNG signs deal
Suez LNG Trading SA of France has signed a 20-year contract with three Japanese firms for the transport of LNG from Yemen to the US and Europe. Under the contract, Mitsui OSK Lines, Sumitomo Corp., and LNG Japan Corp. will establish a company to transport 700,000 tonnes/year of LNG over ...
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Building starts at Qingdao
Construction of a shipyard project, believed to be the largest of its kind in China, commenced recently at Haixiwan Bay in Qingdao, a port in east China's Shandong province. Covering an area of 5.7 square kilometers, the Haixiwan Shipbuilding Base will form part of the China Shipbuilding Industry Corporation (CSIC) ...
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Construction starts on Agbami FPSO
Star Deep Water Petroleum Limited, an affiliate of Chevron Corporation, has commenced the construction of the FPSO vessel for its Agbami Field, valued at $1.1 billion. The vessel is being built at Daewoo in South Korea.The contract for the FPSO was awarded to DSME in February 2005 and the vessel ...
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MHI wins LNG order
Mitsubishi Heavy Industries in Japan clinches a 145,400 cbm moss type LNG carrier from Cygnus LNG Shipping, a joint venture of Nippon Yusen Kaisha (NYK Line) together with the Tokyo Electric Power Company and the Mitsubishi Corporation. The new 288 metre long gas carrier will be built at Nagasaki Shipyard ...
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U-boats for Israel
Sources in Germany report that the country will sell Israel two AIP-equipped SSK Dolphin class submarines for a total of EUR 1 billion ($1.17 billion), with the German government picking up one-third of the cost. They will be constructed at the Howaldtswerke-Deutsche Werft AG (HDW) shipyard, in Kiel. The Dolphins ...
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Prosafe wins Kiwi contract
Prosafe ASA's wholly-owned unit Prosafe Production Services Pte Ltd has won a $178m contract from New Zealand Overseas Petroleum Ltd. The New Zealand company will lease a Flotation Production Storage and Offloading (FPSO) vessel for five years, with five one-year options for renewal. Prosafe will convert the Suezmax tanker ?Ionikos? ...
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Daehan goes for expansion
Daehan Shipbuilding in South Korea will start the construction of a 29.97 acres new shipbuilding facility in Haenam and the development will consist of two stages. The first stage will cost W 90 billion and will be completed by early 2007 enabling the shipbuilder to build annually 12 ships of ...
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Asry projects big gains
The net profit of the Arab Shipbuilding and Repair Yard Company (Asry) is expected to reach $6.4 million this year while the net operating income is projected to reach $106m, compared with $93m last year.The projections were made after the company's board of directors reviewed the results for the year ...
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Aker and Viking sign LoI
Aker Yards and Viking Line have signed a letter of intent for delivering a passenger ferry in January 2008. The contract value is within the range EUR 110-130 million.The agreement includes options for two similar vessels. Aker Yards is planning to build the vessel in Finland, at its yard in ...
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Emission monitoring for Qatar LNG carriers
Martek Marine Ltd (UK) have secured the world¹s first contract for supply ofNOx/SOx/CO2 emissions monitoring systems for a series of new LNG carriers under construction at DSME in South Korea. The vessels are being built on behalf of the German owner PRONAV for the Qatar Gas II project and the ...
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Bermuda orders fifth fast ferry
Bermuda has signed a contract for the construction of a 350-passenger high speed ferry for a new Hamilton to St. George's route. The 38.15 metre-long vessel, which is being built by Derecktor Shipyards in Bridgeport, Connecticut, will have a top speed of 33 knots and will be ready for service ...
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Servomex gas analyzer meets USCG requirements.
Callidus Technologies, the Tulsa-based combustion and environmental protection specialist, has purchased several systems utilizing two Servomex 1900 oxygen analyzers and a sampling system meeting the strict U.S. Coast Guard (USCG) requirements for monitoring ships being loaded with volatile liquids at marine terminals. The Servomex system provides accuracy, reliability and speed ...
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First tranche of frigate deal signed
Armaris, a 50-50 joint venture between Thales and the French state shipyard DCN, said it has been notified by European Union authorities that the first tranche of an 11 billion euro contract it will share with Italy's Finmeccanica to build 27 naval frigates has been signed. A spokesman said the ...
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Fabricius cuts deal with Vinashin
Further to our earlier report (see 15 November) that Danish shipowner Fabricius had placed its first shipbuilding contract with Vietnam?s shipbuilder Vinashin, further details have now emerged about the contract for a small-sized vessel. The contract for the 2,500 DWT container ship is worth $5 million and the 67 metre ...
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MHI?s UE engines to be built in Vietnam
Mitsubishu Heavy Industries (MHI) aims to promote further penetration of its UE engines into the Vietnamese shipbuilding industry, which is expected to grow rapidly amidst the current boom in international shipping. Nguyen Quoc Anh, deputy general director of Vinashin, said that under the agreement, MHI would provide Vinashin with the ...
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Baosteel may cut prices
Baoshan Iron and Steel Co. Ltd. (Baosteel), China's largest steel maker, will cut steel prices for the first quarter of 2006 in an effort to compete with domestic rivals. Baosteel is rumoured to be considering dropping its steel price by $50 to $80 per tonne on average for the first ...
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Carrier work for BAE
The jobs of hundreds of Scottish shipyard workers looked more secure today after it emerged that BAE Systems is set to grab the lion's share of a £3.5 billion carrier contract.It follows a new agreement to divide "roles and responsibilities" on the project to construct two 65,000-tonne aircraft carriers for ...
