Industry News – Page 656
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Bulkers bounce back
While last year was very poor for operators of bulk tonnage there are now strong signs of a good recovery and people are more optimistic. From the coast of Brazil to the boardrooms of Europe there is a faint smile on the lips of bulker owners. The past few years ...
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Cruise players consolidate
In a world where position counts, NCL has always said it was the fourth largest. Now it looks to become equal third, but not of its choosing. Cruise lines love their branding ? its all part of the necessary marketing to have a good image. To the ordinary guest, as ...
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Design range offers high flexibility
German builder Lindenau has adapted one of its Tanker Class designs to suit the needs of a domestic owner. The second of a pair of 13,050 dwt double-hulled IMO Type 2 chemical/oil tankers was completed by Lindenau GmbH, Germany at the end of November last year for domestic owner Carl ...
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Dutch hold their share against European competition
Dutch orderbooks remain dominated by general purpose cargo ships, and dredgers, but more non-typical highly sophisticate vessels are appearing. While Dutch builders receive 4-5 per cent less in building subsidies than those in other European countries, he believes that for the last five years the Dutch government?s subsidy policy has ...
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OECD members disagree on over-capacity problem
Against a background of 25 per cent over-supply in shipbuilding capacity and a 20 per cent fall in newbuilding prices since 1997, OECD members cannot even agree on the size of the problem. The OECD wants all parties to agree figures for future newbuilding demand and shipbuilding capacity. However, Korea?s ...
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Erika loss raises questions
While the debate still rages over the loss of the 1975-built Maltese-flagged tanker Erika, its classification Society Registro Italiano Navale (RINA) has confirmed that conditions of class were imposed following a survey in Augusta on November 24. Despite imposing the restriction, it restored the vessel?s full 37,283 dwt from the ...
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DNV puts register on-line
DNV has made its register of ships freely available on-line through its homepage http://www.dnv.com/registerofvessels. Users can search for vessels using the name (or part of name), former names, IMO registration number, or by the owner or manager?s name. Having selected the required vessel the system displays the principal particulars and ...
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Austal to build in US
Austal of Australia has signed a joint venture agreement with Bender Shipbuilding to build fast ferries in the USA. The new company, Austal USA, will build the full range of high speed craft up to 100m/1,000 passenger capacity. Austal says there are over 3,600 passenger craft operating in the US ...
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Year-end orders
Korean yards took the vast majority of the orders placed in December to finish the year ahead of Japan. Its yards took orders for 66 vessels totalling 3.7 million gross against 16 export orders in Japanese yards totalling 667,650g. This brings the total to 227 ships (12.7 million gross) ordered ...
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Free re-flagging from IRI
International Registries is offering free transfer for ships joining the Marshall Islands registry until the end of June, and has also reduced its tonnage tax. For new entrants there will be no registration, documentation or mortgage recording fees. Marine inspections or investigations and international participation fees are also waived until ...
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Slow progress on yard sales
Kvaerner has sold two more of its smaller yards and confirmed it will retain a stake in Masa-Yards to help secure a sale. "We have to get the best value for shareholders and if retaining a small minority holding will get a deal together, then so be it," says a ...
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PRS revises slamming rules
Following research that showed that bow slamming in moderate sea states can be as damaging as those in bad weather, Polish classification society, Polski Rejestr Statkow (PRS), has revised its rules. The horizontal forces caused by the bow driving into the wave crests are larger in moderate seas than vertical ...
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ICO is re-financed
@body:ICO Global Communications, the UK company set up in 1995 to develop a global mobile satellite communications system (previously known as Inmarsat P), has been bailed out of bankruptcy by an injection of $550 million. The US Bankruptcy Court has granted final approval to the deal put together by Mr ...
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BHP withdraws
BHP has announced it is exiting the Tasman trade, due to continued loss of earnings in liner shipping service. Its Transport Group general manager Bruce McGowan, said the decision had not been taken lightly. "The bottom line is that we are losing millions of dollars and it?s in no-one?s interests ...
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Daewoo order marks return to ULCCs
In a move that could presage orders for the construction of more ships of the type, Loews Corporation and Greek shipowner Basil Papachristidis have ordered two 450,000 dwt, 3.2m million barrels capacity ULCCs from Daewoo Heavy Industries in Korea. The order, which is also includes an option for two more ...
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Chinese lines place large orders
Chinese shipping interests Shipping Container Line (SCL) and China Shipping Container Line (CSCL) went on a spending spree in January, confirming orders for no less than 21 ships at yards in China and Korea. Shipping Container Line (SCL), the rapidly expanding Chinese shipowner, has placed orders at Korean yards Samsung ...
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Kawasaki chooses Korea
Having lately been displaced from their position as the world?s leading shipbuilders by Korea, Japanese shipyards received another major blow in December when Kawasaki of Japan decided to order five 5,600 TEU post-panamax container ships not from a Japanese yard, but from Hyundai Heavy Industries in Korea. The order ? ...
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NASSCO benefits from TOTE?
National Steel & Shipbuilding Company (NASSCO) on the US West Coast has received a $300 million order from Totem Ocean Trailer Express (TOTE) in Alaska for a pair of ice-strengthened, environmentally friendly roro newbuildings. The order is expected to be the first of a growing number of Jone?s Act newbuildings ...
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?and Halter to build car carrier
Halter Marine is expected to be the beneficiary of a contract to build a car carrier for Pasha Hawaii Transport Line. The shipowner is seeking $80 million worth of loan guarantees from the Maritime Administration (MARAD) for the newbuildings, which will be capable of carrying more than 4,000 vehicles.
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Another ?first? for Chinese yards
Usually regarded as a source of inexpensive, but unsophisticated newbuildings, Chinese yards continue to gain orders for an increasingly diverse range of complex newbuildings. The latest is an order placed at Guangzhou Shipyard for a pair of 18,000 dwt semi-submersible heavy lift ships. Ordered by Cosco, the vessels are the ...
