Industry News – Page 529
-
News
INP wins three ethylene carriers
An unspecified Japanese shipowner has ordered three 10,000 cbm ethylene carriers from INP Heavy Industries in South Korea at a cost of $135 million. They will be built to ice class specification and will be chartered to a European shipping company.
-
News
India orders French subs
The Indian government has approved a 2.4 billion euro order for six French Scorpene submarines, in which Thales and partner DCN have a 1.2 billion euro share. The deal, already cleared by the Indian defence and finance ministries, has been awaiting finalisation for several months. DCN, the state-owned shipyard, said ...
-
News
Sumitomo ups steel price
Sumitomo Metal Industries (SMI) agreed with major shipbuilders to increase the plate contract price by 5,000 yen ($45.63) per tonne for shipment in second half of fiscal 2005 ending March 2006. The price increased to 60,000 yen ($547.37) per tonne.However, SMI will seek another hike for fiscal 2006 if the ...
-
News
Qatar to have world's largest LNG fleet
Qatar will have the world's largest fleet of LNG carriers within five years, according to Robert Curt, the managing director of Qatar Gas Transport Company (QGTC) which manages the marine interests of the Ras Laffan industrial city's LNG and pipeline projects. Curt said Qatar anticipates requiring a total of about ...
-
News
Record growth for Nordcapital shipping
The Hamburg-based Nordcapital Group can look back on another positive year. With a total investment volume of ?636.2 million, 2004 sets a new company record for earnings. The main focus of investment was shipping funds, accounting for ?556.4 million, followed by some ?80 million in real estate funds. The accumulated ...
-
News
Korean shipbuilders on a high
Korean shipbuilders have been leading the global market with competitive prices and timely deliveries for the past decade, thanks to peaceful labour-management relations and sufficient domestic supply of parts and steel plates. Since the early 1990s, domestic dockyards have seen no labour disputes or strikes, which used to be a ...
-
News
LR LNG 100 not out
The recent orders of classification services for six LNG carriers have resulted in an important milestone for Lloyd?s Register (LR): over 100 LNG ships now exist or are being built to LR class, confirming the organisation?s market leadership in the classification of LNG ships. This milestone is also significant because ...
-
News
China ratifies Changxing shipyard
The Chinese government recently ratified the construction of Changxing shipyard, the $3.6 billion shipbuilding complex at the mouth of the Yangtze river which will triple Shanghai?s shipbuilding capacity. First stage of the plan for the new facility is to build four dry docks, 9 outfitting quays of 2,926m and a ...
-
News
LR Asia and CCS sign jv
Lloyd?s Register Asia has signed an agreement to establish a joint venture with China Classification Society (CCS) in Beijing. The exclusive agreement was signed by David Moorhouse, Executive Chairman of Lloyd?s Register, and Li Kejun, President of CCS. The joint venture, to be based in Beijing, will enable the rapid ...
-
News
New generation liftboat
A new generation liftboat with capabilities that will exceed existing craft is due to be delivered later this year to US-based Montco Offshore. The new liftboat is under construction at Bollinger Shipyards in the US and will be named Kayd. Two years ago, the shipbuilder delivered the 245ft class liftboat ...
-
News
BAE hopes for more destroyers
The UK?s Defence Secretary, has revealed that he wants eight Type 45 destroyers to be built by BAE Systems and VT Group - provided the price is right. Only three of the warships, which cost £650m each, are firmly on order so far and there had been fears the class ...
-
News
Jotun COSCO JV
COSCO International Holdings has completed the formation of a new joint venture, Jotun COSCO Marine Coatings (HK) Ltd. (Jotun COSCO). Lin Libing, deputy managing director of the company, said, "We are very glad to join hands with Jotun A/S to develop the marine coatings business in China. Such cooperation not ...
-
News
More tugs for German owner
The German shipbuilder Mutzelfeldtwerft in Cuxhaven has won a $60 million order for two more powerful ocean-going tugs from domestic offshore operator Harms Bergung Transport and Heavylift. The tugs will have a bollard pull of 220 tonnes, believed to be the most powerful German tugs ever, and are due for ...
-
News
GL ventilation rules published
Ventilation systems on board of ships are covered by new construction rules which have come into force on September 1st. The construction rules contain technical requirements for different ship types and ventilation systems. The comprehensive set of rules compiled in a single document applies to all newbuildings to be classed ...
-
News
Keel laying for RNN vessel
The keel laying ceremony of the new logistic support vessel for the Royal Netherlands Navy took place at Damen Shipyards Galati, Romania. The new 56 metre long vessel will replace the current vessel named HM "Pelikaan" and will be based in the Caribbean for the transport of equipment and personnel ...
-
News
ER completes boxship quartet
Two container ships for E.R. Schiffahrt were named at the Hyundai shipyard in Ulsan, South Korea. Both are Panamax vessels, each with a container capacity of 2,556 teu. They continue the newbuilding programme of the shipping operator belonging to the Hamburg-based Nordcapital Group. The delivery of these newbuildings "E.R. Cannes" ...
-
News
LR Group acquires ODS
A Lloyd?s Register Group company has acquired ?degaard & Danneskiold-Sams?e A/S (ODS), a Danish consultancy specialising in noise, vibration and machinery dynamics. The acquisition will build on the strengths of both organisations and will enable the Lloyd?s Register Group to offer the marine, rail and oil and gas industries a ...
-
News
Laird yard closes
A dispute between the owner of the former Cammell Laird shipyard and its tenant Northwestern Shiprepairers has led to 32 people losing their jobs. Northwestern vacated the site after failing to reach agreement with landlord Reddington Finance for an extension to its tenancy. The ship repair firm acquired what was ...
-
News
ABB plans big in China
ABB Ltd., the world's biggest maker of power transformers, will spend $100 million in China to open factories and hire as many as 4,000 employees in three years. The company will use a part of the investment to fund the $30 million it will invest with a unit of China ...
-
News
POSCO into India
South Korea's steel giant POSCO has set up its Indian subsidiary to build a 12 million tonne steel plant in Orissa. The company had signed a deal with the Orissa government for the plant in June.POSCO, the fifth largest steel company in the world, has incorporated its Indian subsidiary POSCO-India ...
