Latest News – Page 896
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China overtakes Korea
Chinese shipbuilders have caught up with their South Korean rivals in new orders received in the first two months of this year, according to an international market researcher. Hyundai Heavy Industries, Samsung Heavy Industries and other Korean shipbuilders won a combined 2 million compensated gross tons (CGTs) in new orders ...
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Daesun signs LOI for chemicals
Daesun Shipbuilding in South Korea signed a letter of intent on the construction of four 25,000DWT class chemical tankers from a European ship owner. They will be delivered by July 2010. Contract price will be W 142 billion.
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Baosteel, CSSC to set up shipbuilding jv
China's Baosteel Group Corp and China State Shipbuilding Corp (CSSC) signed an agreement to invest more than 10 bln yuan in a civilian shipbuilding joint venture, the official Xinhua News Agency reported.Xinhua said China State Shipbuilding Corp will have a 65% stake in the venture, with Baosteel holding the rest. ...
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First block of "Celebrity Solstice" laid
The first of 72 blocks of the new 122,000 grt passenger cruise vessel "Celebrity Solstice" for Celebrity Cruises was laid at Meyer Werft in Papenburg, Germany. The first block of the new ship was put in position by the yard?s 800-ton crane. The first block weighs more than 430 tonnes, ...
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ABG launches PCV for the Indian coast guard
ABG Shipyard in Mumbai has launched a pollution control vessel (PCV) for the Indian Coast Guard. The shipbuilder has contracted to build three PCVs, the first of which, yard number 221 is named "Samudra Prahari".The 94 metre PCV, based on a Rolls-Royce design, has a displacement of 3,300 tons, a ...
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GOG orders Panamaxes
Bermuda-based Golden Ocean Group Limited (GOG) has acquired four plus two optional newbuilding contracts at Pipavav Shipyard in India at a cost of $35.5 million each. The 75,000 dwt bulk carriers will be strengthened for ice trading, will be delivered during 2009 GOG has also agreed to sell two ice ...
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Mipo clinches six more PCTCs
Hyundai Mipo Dockyard has clinched six more PCTCs from a European ship owner. Total contract price is $ 327 million and the newbuildings will be delivered by November 2010.
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Danaos orders five Post-Panamax boxships
The Greek shipping company Danaos Corporation has signed shipbuilding contracts for five 6,500 TEU vessels with Hanjin Heavy Industries & Construction Co., Ltd. These containerships are expected to be delivered to Danaos in late 2009 and throughout June 2010. The capital expenditure commitment, which is in the region of $500 ...
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Sarawak seeks extra land for shipbuilding
The Sarawak Timber Industry Development Corporation (STIDC) in Borneo hopes to obtain another 49 hectares of land to facilitate the shipbuilding industry in the new township of Tanjung Manis in Sarikei. Minister of Urban Development and Tourism said an earlier allocation of 81 hectares for the industry had been fully ...
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Way ahead for LCS programme
Based on a comprehensive review of the Littoral Combat Ship (LCS) acquisition program, Secretary of the Navy Donald C. Winter said he is prepared to lift a previously issued stop work order for construction of LCS 3. The ship is currently under contract to Lockheed Martin Corp. Maritime Systems & ...
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USCG cancels $600M ship deal
The U.S. Coast Guard (USCG) has canceled a $600 million contract awarded to a joint venture of Lockheed Martin Corp. and Northrop Grumman Corp., and said it plans to award a new deal next year. The USCG opted to end the contract for 12 "fast response cutters" about a year ...
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Liberian Registry undertakes successful IMO audit
THE Liberian Registry has successfully undergone a voluntary audit under the International Maritime Organisation?s recently adopted Member State Audit Scheme. Liberia, the largest flag to have thus far carried out the audit, has emerged without a single non-conformity recorded against the operation of the registry.The IMO Audit Scheme is intended ...
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Sunseeker going mega
Sunseeker International Limited in Poole, England, has agreed outline terms with US-based Luhrs Marine for the purchase of its Legend Yacht manufacturing facilities at Osprey Quay, Portland on the UK's South Coast. The site will be acquired to accommodate Sunseeker International's planned expansion with a license to use the facilities ...
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Damen delivers Qatar pilot boat
Following a contract in the summer of 2006, Qatar Shipping Co. has just taken delivery of the new pilot boat 'SHAQRA'. The pilot boat is of the standard Damen Fast Crew Supplier 1605 design and will be used by Qatar Shipping Co for its contract with Qatar Petroleum for the ...
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Cosco Nangtong wins cylindrical rig
COSCO Corporation (Singapore) reports that its 51%-owned subsidiary, COSCO Shipyard Group, has secured a contract from Sevan Drilling Pte Ltd, a subsidiary of Oslo-Sevan Marine ASA, to build a Sevan drilling unit, based on the proprietary Sevan 650 design, featuring the Sevan cylindrical platform. The contract is divided into two ...
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Singapore invests in Cebu shipbuilding
Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said.Marina Administrator Vicente Suazo said he will facilitate the meetings between the Singaporean investors and the National Maritime Leasing Corp. (NMLC) and the Philippine ...
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Iran to expand VLCC fleet
The Chairman of state-owned National Iranian Tanker Company (NITC), a subsidiary of the National Iranian Oil Company, said that the company is planning to buy seven VLCCs to its current fleet of 28 tankers within the next three years, at a total cost of $910 million. He pointed out that ...
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Samsung wins two LNG carriers
Samsung Heavy Industries has won an order for two 90,000 cbm LNG carriers from a European shipowner. Total contract price is $426 million and delivery is scheduled by May 2011.
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Aker to sell entire stake in Aker Yards
Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a subsidiary when the Norwegian groups Aker RGI and Kvaerner ASA merged to become the Aker ASA concern. The ...
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BAE and VT agree on JV
BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to head the new company. Industry sources say that the joint venture will be approximately 55% owned by BAE, ...
