Industry News – Page 551
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IMS orders LPG carriers from China
IM Skaugen ASA (IMS) has entered into an agreement to build two 3,200 cubic metre LPG carriers with a Chinese shipyard south east of Shanghai at a cost of $15 million. The newbuildings will be delivered in the second half of 2006 and will be built to specifications and rules ...
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ST Marine to build more feeders
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has signed contracts for two 1,030 TEU feeder vessels worth approximately $51.7m. These two vessels are options provided for in the contract with Shreyas World Navigation Pte Ltd announced on 27 January, 2005. ...
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HSD gets new name
HSD Engine, the Korean engine manufacturer, has been renamed Doosan Engine Company Ltd at the general meeting of shareholders held today at its head office in Changwon. HSD Engine has been using the name for the past five years since January 2000.The old company name has been an on-going issue ...
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Yang Ming orders boxships
Yang Ming Marine Transport, the Taiwan-based shipping company, said its wholly owned unit All Ocean Transportation has acquired five container vessels from state-run China Shipbuilding Corp for a total of $470 million. The vessels will have a capacity of 4,250 TEU and are scheduled for delivery from the third quarter ...
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Semco continues fleet expansion
Following on from the delivery of two 165 tonnes bollard pull towing/salvage tugs in early 2004, Semco Salvage & Marine Pte Ltd has taken another step in renewing and enhancing its fleet capability. The PSA Marine subsidiary has signed with Universal Shipbuilding Corp (USC) of Japan for two 150 tonnes ...
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Waigaoqiao phase 2 started
Construction has now officially begun on the 1.2-billion-yuan ($146 million) second phase of China?s largest shipyard, the Shanghai Waigaoqiao Shipbuilding. The project will further strengthen the shipyard's leading position in China's shipping industry since it will increase the shipbuilder's annual capacity to 2.6 million DWT when completed in three years ...
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More orders from down-under
Adsteam Marine, with three Damen ASD Tugs 2411 on order for their UK operation, has ordered another one for their Australian fleet. Adsteam?s first ASD Tug 2411, ?Barunga?, was delivered in 2004 and has been very successful since. This newly ordered ASD tug is of the same type, but this ...
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Bourbon chooses Ulstein
Ulstein Verft has been asked to build an ULSTEIN A102-type anchor-handling vessel for Bourbon Offshore Norway. The contract contains an option for a sistership. This is the first time a vessel of the ULSTEIN A102-design is being constructed and is scheduled for delivery in July 2006 while the option is ...
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Indian Navy funds shipyard upgrades
For the first time, India?s defense budget will allow the Navy to allocate funds specifically to upgrade state-owned shipyards so that shipbuilding output can keep pace with service requirements. A senior Navy official said this provision sets aside $110.6 million for shipbuilding facilities to build the navy?s planned Air Defense ...
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Keppel clinches Marathon FPSO conversion
Keppel Shipyard, a wholly owned subsidiary of Keppel Corporation Ltd, has secured a FPSO hull conversion contract worth $51million from Marathon Petroleum Company (Norway.The 87,000 dwt multi-purpose shuttle tanker Odin arrived at Keppel Shipyard for the fast track hull conversion on 19 March. Odin will undergo hull upgrading and modification ...
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NASSCO delivers Jones Act tanker to BP
National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, has delivered the Alaskan Explorer, the second of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company, USA."We had very successful sea trials with the Alaskan Explorer," said Richard Vortmann, NASSCO president. "We are ...
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CSBC on target for privatization
The state-run China Shipbuilding Corporation (CSBC), based in Taipei, will complete privatization by the end of 2005 as scheduled. According to CSBC President Fan Kuang-nan, the company will hold an investment conference at the end of April and start inviting investment in May. Fan said several potential investors from the ...
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CMG to build huge repair facility
China Merchant Group (CMG) has started the construction of a huge repair facility at Mahoudao, Shenzhen. The 63 hectare repair facility will be completed by 2006 at a cost of $278 million and will have two 300,000DWT dry docks and a 150,000DWT dry dock.China is also building the largest ship ...
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UACS sign deal for eight newbuildings
As part of its expansion programme, United Arab Shipping Co. (UASC) has signed a contract with Hyundai for eight 6,500TEU container ships in a deal worth about $840 million. The first newbuilding is slated for delivery by early 2008.
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Canadian yard gets Danish order
Danish owner Stevn, part of the Nordane Group, has ordered two Z-drive multifunction ice class tugs from Irving Shipbuilding's East Isle Shipyards, Prince Edward Island, Canada. The order is worth $15.7 million and the tugs are scheduled for delivery in May 2006.
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Bollinger into products tankers
Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build these at its Amelia, Louisiana facilities which, as the former McDermott Shipbuilding, built a number of oceangoing ships.
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EC approves state aid for French and Spanish shipbuilders
The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six years and ?20 million per annum for two years. As with an earlier scheme for Germany, the Commission ...
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Korean yards plan to raise ship prices
Korean shipbuilders, including the world?s largest yard Hyundai Heavy Industries, may increase ship prices to an all-time high to compensate for rising steel costs. London-based shipbroker Simpson, Spence & Young said that Hyundai?s rivals have raised prices of newly built container ships by about 25% in the past year. Royal ...
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China Shipping orders Suezmax quartet
State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson Spence and Young. This contract will be the shipbuilder?s first for a 150,000DWT class of vessel and all ...
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Seacor and Seabulk merge
Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the combined company will be a leader in world-wide offshore support services, domestic Jones Act tankers, domestic helicopter services ...
