Industry News – Page 588

  • News

    BAE scuppers shipyard sale

    2004-06-07T00:00:00Z

    BAE Systems now appears unlikely to sell its shipyards after the company's surprising cash bid for Alvis, Britain's last independent tank maker. Sources close to Britain's biggest defence contractor said the sale of the shipbuilding business, i.e. two yards at Govan and Scotstoun in Glasgow and one at Barrow-in-Furness, was ...

  • News

    South Korean companies urged to invest in North

    2004-06-07T00:00:00Z

    South Korean companies looking to cut costs by moving factories to China or Vietnam should consider investing in North Korea, said Park Seung, governor of South Korea's central bank. "The hollowing-out of Korea's manufacturing sector is now proceeding at a very fast pace," Park said in the text of a ...

  • News

    Austal starts construction of Hawaii high speed cats

    2004-06-07T00:00:00Z

    Austal has started the construction work at its Austal USA shipyard on the first of two 105 metre vehicle-passenger ferries for which a contract, subject only to finance, has been signed with US company Hawaii Superferry (HSF). The company plans to use the Austal cats to establish Hawaii's first high ...

  • News

    Hanjin HI to up output

    2004-06-04T00:00:00Z

    Shipbuilding division of Hanjin Heavy Industries plans to increase turnover from $860million in 2005 to $1.3billion in 2007. To achieve this, the Busan-based shipbuilder will introduce a 3,000 tonne lifting crane later this year and introduce a floating dock in 2006. In 2007, it will introduce new shipbuilding technology to ...

  • News

    Management focus change for Hyundai Samho

    2004-06-04T00:00:00Z

    Hyundai Samho Shipyard (HSS) is changing its management system to focus on productivity increase and cost reduction as a result of the deteriorating trading conditions in the wake of steep price rises in steel and oil. Profitability has further deteriorated due to the strengthening Korean currency.

  • News

    HHI signs MOU for block shop

    2004-06-04T00:00:00Z

    Hyundai Heavy Industries and Pohang City have signed a MOU for building a block shop at a cost of $172 million. The location of the 240 acre site is near Pohang New Port and the first stage will involve developing 24 acres requiring an investment of $26 million. When completed, ...

  • News

    Greek owners back RINA Hellenic committee

    2004-06-04T00:00:00Z

    High profile Greek shipowners have backed a move by Italy-based classification society RINA to expand its presence in Greece. Nineteen representatives of the Hellenic shipping community have joined RINA?s newly-reformed Hellenic committee.Ugo Salerno, ceo of RINA, told the inaugural meeting on May 27 that this Committee will create a vital ...

  • News

    VTMD supplies ride control system for fast patrol boats

    2004-06-04T00:00:00Z

    Leading ride control specialist VT Maritime Dynamics (VTMD), part of the UK support services and shipbuilding company VT Group, has won the contract to supply the stabilisation systems for the advanced Skjold-Class fast patrol boats being built for the Royal Norwegian Navy.The US-based company supplied and fitted the ride control ...

  • News

    Cape Africa repairs hit snag

    2004-06-03T00:00:00Z

    Smit Salvage has temporarily abandoned attempts to fit the 65 tonne steel cofferdam over the hole in the damaged Capesize bulk carrier Cape Africa. The joint response committee, which is overseeing the salvage, said in a statement that the cofferdam was transferred from the barge Niord on Tuesday and held ...

  • News

    Wärtsilä's Chinese propeller company started production

    2004-06-03T00:00:00Z

    The joint venture company set up by Wärtsilä and CSSC (China State Shipbuilding Corporation) in China to design, manufacture and deliver fixed pitch propeller (FPP) packages has officially started operating at the beginning of June 2004. The new company, called Wärtsilä-CME Zhenjiang Propeller Co. Ltd, is 55% owned by Wärtsilä ...

  • News

    IBIA welcomes Annex VI, but warns industry to prepare

    2004-06-03T00:00:00Z

    The International Bunker Industry Association (IBIA) has welcomed the ratification of MARPOL Annex VI, but warns shipowners and bunker suppliers they need to act now if they are to meet with new low-sulphur requirements in bunker fuel. Shipowners and suppliers in North Europe will be particularly affected. Annex VI to ...

  • News

    Korea to maintain top spot until 2015

    2004-06-02T00:00:00Z

    Korea is likely to remain the world?s leading shipbuilding country until at least 2015 with a 40% market share according to Ms. Hong Sung In, a research fellow of Korea Institute for Industrial Economics & Trade. Hong said that Japan would take 30% of the market, China 20% and Europe ...

  • News

    Korean shipping companies to build 95 bulk carrier by 2016

    2004-06-02T00:00:00Z

    Plans to build 95 bulk carriers by 2016 were revealed at a recent meeting between Korean Shipowners? Association and Korea Shipbuilders Association. The two associations discussed proposals to build dedicated vessels for Korea Electric Power Co and Posco. The shipowners? association asked shipbuilders to reserve berth space for the ...

  • News

    Shipowners battle for Shell LNG carrier order

    2004-06-02T00:00:00Z

    Russia's largest shipper by tanker capacity, Sovcomflot, is competing with Korean and Japanese shipping companies for a $350 million order from Royal Dutch/Shell's Russian venture to ship liquefied natural gas.Sovcomflot is bidding with Nippon Yusen KK, Japan's largest shipping line, to build two LNG tankers to transport gas from Shell's ...

  • News

    GL rules and regulations update via e-mail

    2004-06-02T00:00:00Z

    Germanischer Lloyd (GL) has launched a topical new e-mail newsletter called ?GL-Infomail? to keep its customers up to date on new and revised regulations, interpretations and information about IMO, IACS and GL guidelines and rules.The service, which commences with immediate effect, has been introduced by GL in response to requests ...

  • News

    Lean and clean marine gas engines launched

    2004-06-01T00:00:00Z

    Rolls-Royce?s two new lean, clean and mean marine gas engines provide a power range from 1MW to 8.5MWDesigned and manufactured at Rolls-Royce?s Bergen facility in Norway, the K and B series of gas fuelled engines were recently introduced to the marine market in order to meet the increasingly tough low ...

  • News

    Optimising reliability

    2004-06-01T00:00:00Z

    In ensuring optimum lifetime reliability of a medium-speed diesel engine the user must be aware of certain key factors, not least the importance of the supplier/user relationship .To achieve an acceptable level of reliability throughout the lifetime of a typical medium-speed engine, a satisfactory exchange of information between the supplier ...

  • News

    Material benefits

    2004-06-01T00:00:00Z

    Using Nimalike in the production and reconditioning of two-stroke components provides outstanding product properties.It is 7:30 in the morning in the assembly shop at the Märkisches Werk in Halver (MWH) and a lift-truck places a wooden box full of used two-stroke exhaust valve spindles in front of the inspecting technicians. ...

  • News

    Feeders ? the vital link in the container transport system.

    2004-06-01T00:00:00Z

    German ship owners like Schiffko?s CV1100 PLUS feeder design.With all the hype about post-Panamax and ultra-large containerships, it is easy to overlook the vital role played by the smaller boxships up to 3,000TEU. These work horses of the container transport system, know as feeder ships, will become even more essential ...

  • News

    Growing the ships and the fleet

    2004-06-01T00:00:00Z

    New orders for ever-larger containerships look set to elevate Seaspan?s global position.Director of Vancouver-based Seaspan Container Lines (SCL), Graham Porter, says "Among the main limiting factors in building container ships over 10,000 TEU is the thickness of the steel plate and the existing welding techniques."He speaks with some authority, having ...