Industry News – Page 546
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China aims for 18%
China's shipbuilding industry is expected to exceed ten million tonnes this year, which will account for 18% of the world?s newbuilding market compared with 15% last year. General Manager of the China State Shipbuilding Cooperation, Chen Xiaojin, said that the country?s shipbuilding industry is facing new opportunities as the center ...
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Olympic order for Aker
Aker Yards has been awarded a contract worth approximately NOK 270 million by Olympic Shipping AS to build an AHTS vessel of the UT 712 L type.Delivery from Aker Brattvaag?s' S?viknes Verft is scheduled for July 2006. The vessel will be 78 metres long, with a beam of 17.2 metres, ...
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Samsung high on gas carriers
Samsung has recently increased its LNG order book with orders from ChevronTexaco and a Japanese shipping company. The US oil major has placed a contract for two plus two dual fuel 155,000 cbm gas carriers while the Japanese company ordered a similar vessel. Deliveries of these 285 metre long ships ...
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Silja inks ropax duo
The Finnish ferry company Silja Line, part of Sea Containers Limited, has signed a letter of intent with Aker Finnyards for two ropax vessels. The value of the two ships is Eur205 million ($264 million) and delivery is planned for second and third quarter 2007.
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NCL orders another Papenburg sister
Meyer Werft in Papenburg, Germany, is to build another cruise ship for the US cruise operator Norwegian Cruise Line (NCL) for delivery in early October 2007. The newbuilding is a sister ship to ?Norwegian Jewel? which is currently under construction and will be completed in August 2005. This 93,000gt vessel ...
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Japanese anti-piracy initiative
Details of Japan's drastic new proposals for maritime security measures in areas at risk from piracy and terrorism will be announced at the forthcoming IMO seminar on "Maritime Security Measures for Non-SOLAS Vessels" to be held on 10 May, 2005. The Maritime and Port Authority of Singapore and the United ...
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SembCorp announces 1Q results
The Singapore-based shipyard, SembCorp Marine, has posted a 13% rise in first-quarter net profit to $14.5 million. The increase was helped by record oil prices which fuelled demand for the company?s services. Turnover was up 83% to $272 million, boosted mainly by new building and conversion work. SembCorp says it's ...
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Tyneside yard faces closure
More than half the workforce at a troubled British shipyard has been made redundant. About 160 of the 240 workers employed at McNulty Offshore in South Shields, South Tyneside, will lose their jobs, while the future of 82 sub-contractors remains uncertain.The firm, which is one of the largest employers in ...
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Hanjin HI wins boxship quintet
Hanjin Heavy Industries in Korea has won an order for five 4,000TEU container ships from an unidentified European shipowner at a total cost of $365 million. All units will be delivered by the first quarter of 2009.
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Prompt Hyundai earns bonus
Hyundai Heavy Industries (HHI) earned a $10 million bonus for sticking to "three strict conditions" laid down the US oil giant Exxon Mobil that had ordered an FPSO from the Korean shipbuilder. The $800 million FPSO had been ordered in December 2002 and Exxon Mobil laid down three conditions, i.e. ...
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Jotun develops smart primer
Jotun, the Norwegian paint manufacturer, has developed an epoxy primer designed for real life use on small maintenance areas. This unique primer, called Jotamastic Smart Pack, is designed specifically for use with brushes and rollers.Most epoxy primers can be used with brush and rollers, but with varying results, and expected ...
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IMC signs deal with Zhejiang company
The Singapore-based IMC Group has signed a joint venture deal with Zhejiang Yongyue Shipping from China during a recent meeting of the Singapore-Zhejiang Economic and Trade Council in Singapore. The 50/50 joint venture company will acquire a ship building and repair base in Zhoushan at a total cost of $160 ...
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Norwegian yard plans Bulgarian venture
The Norwegian shipbuilder and ship repairer Bergen Yards is planning to move some of its production of special-purpose vessels to Bulyard Shipbuilding Industry (BSI), according to Bergen Yards? marketing director Magnus Stangeland. The partnership option was incorporated in a letter of intent signed by the two companies in late 2004. ...
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Sovcomflot fleet expansion
Sovcomflot, Russia's largest shipping company, is continuing its fleet re-equipment and modernization programme on the back of the high demand in the energy sector and the capabilities of the Russian shipbuilding industry. Earlier this month, the company signed a memorandum of intentions with the Severnaya Shipyard for the construction of ...
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Daewoo inks Exmar VLGCs
Daewoo Shipbuilding in South Korea has secured a contract for two 84,000 cbm LPG carriers from the Belgian shipowner Exmar for delivery during fourth quarter 2007 and first quarter 2008. No price has been revealed but industry sources suggest $92 million each. DSME announced that its turnover for the first ...
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Wartsila goes to India
Wartsila Group has identified India as a major base for sourcing components and parts for its global needs. "The group is looking at sourcing parts from India, in addition to sourcing trained manpower for our global requirements," Head of Service, Wartsila India, Rakesh Sarin told a group of reporters. Wartsila ...
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Asry prospects 'healthy'
Over 2.26 million dwt of vessels were repaired by the Arab Shipbuilding and Repair Yard (Asry) during the first three months of the year with all indications that the trend will continue, according to a company statement.Some 43 vessels were docked for repairs and refurbishment, up 20% on the same ...
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NGV wins export orders
The Malaysian shipbuilder NGV Tech Sdn Bhd is finalising contracts worth $31.6 million to build two fast aluminium boats for an Indonesian client and three logistics (steel hull and aluminium superstructure) vessels for a Middle East government.The company, whose expertise is in aluminium vessels, is currently completing three high-speed patrol ...
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Norwegian yards recruit imported labour
Norwegian shipbuilding industry is recovering from last year's slump, but Norwegian workers who were laid off are not being re-hired. Instead, the yards are employing cheaper labour from Poland according to local sources. . Around 100 former shipyard workers are registered as unemployed in the main Sunnmoere ship building district, ...
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Daewoo may show loss
Daewoo Shipbuilding & Marine Engineering (DSME) may report losses for the first quarter after steel costs rose dramatically. DSME is expected to report a net loss of $27 million, according to financial analysts, compared to a profit of $100 million for the same period last year. Daewoo, Hyundai and Samsung ...
